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NALTEA Annual Conference 2005 - Natl Assoc of Land Title Examiners and Abstractors/MO
4/20/2005 9:13:09 AM (3761 views)
Re: NALTEA Annual Conference 2005 - Jay Duncan/MO
4/20/2005 9:19:51 AM (3424 views)
Re: NALTEA Annual Conference 2005 - Ellen Malloy/MO
4/20/2005 11:09:05 AM (3544 views)
Re: NALTEA Annual Conference 2005 - Jay Duncan/MO
4/20/2005 12:13:19 PM (5434 views)
Re: NALTEA Annual Conference 2005 - Patrick Scott/IL
4/21/2005 10:59:40 AM (3417 views)
Re: NALTEA Annual Conference 2005 - Robert Franco/OH
4/21/2005 11:12:49 AM (3533 views)
Re: NALTEA Annual Conference 2005 - David Bloys/TX
4/21/2005 9:08:19 PM (3471 views)
Re: NALTEA Annual Conference 2005 - Shannon Blatt/VA
4/22/2005 12:22:39 AM (3443 views)
Re: NALTEA Annual Conference 2005 - Patrick Scott/IL
4/22/2005 10:23:51 AM (3403 views)
Re: NALTEA Annual Conference 2005 - george Hubka/MI
4/22/2005 5:11:19 PM (3418 views)
Re: NALTEA Annual Conference 2005 - george Hubka/MI
4/22/2005 5:16:27 PM (3375 views)
Re: NALTEA Annual Conference 2005 - Shannon Blatt/VA
4/22/2005 6:52:20 PM (3399 views)
Re: NALTEA Annual Conference 2005 - george Hubka/MI
4/22/2005 10:00:40 PM (3394 views)
Re: NALTEA Annual Conference 2005 - Shannon Blatt/VA
4/22/2005 11:17:44 PM (3390 views)
Re: NALTEA Annual Conference 2005 - Robert Franco/OH
4/22/2005 11:21:42 PM (3483 views)
Re: NALTEA Annual Conference 2005 - Lisa Ramsey/TX
4/23/2005 11:16:10 AM (3433 views)
Re: NALTEA Annual Conference 2005 - Anita Williams/MN
4/24/2005 5:19:51 PM (3423 views)
Re: NALTEA Annual Conference 2005 - Patrick Scott/IL
4/25/2005 12:24:10 PM (3313 views)

abstracting program - Annette Dorty/PA
4/19/2005 9:48:14 PM (2063 views)

Rich's surgery - monica froese/ME
4/19/2005 7:06:15 PM (2323 views)
Re: Rich's surgery - Robert Franco/OH
4/19/2005 7:28:52 PM (3361 views)
Re: Rich's surgery - J.T. Shoemaker/NY
4/19/2005 9:10:56 PM (3319 views)
Re: Rich's surgery - Jarrod Clabaugh/OH
4/19/2005 10:15:25 PM (3278 views)
Re: Rich's surgery - Ellen Malloy/MO
4/20/2005 8:24:01 AM (3330 views)
Re: Rich's surgery - Lisa Ramsey/TX
4/20/2005 9:00:20 AM (3297 views)
Re: Rich's surgery - Barbara Bennett/IN
4/20/2005 5:47:16 PM (3366 views)
Re: Rich's surgery - James "Lin" Toney/MS
4/20/2005 8:35:38 PM (3242 views)

Need your opinion please. - Larry Crooks/OH
4/19/2005 4:50:48 PM (2470 views)
Re: Need your opinion please. - Jay Duncan/MO
4/19/2005 5:24:28 PM (3426 views)
Re: Need your opinion please. - Larry Crooks/OH
4/19/2005 5:32:36 PM (3488 views)
Re: Need your opinion please. - Kevin Ahern/CT
4/19/2005 6:41:46 PM (3485 views)
Re: Need your opinion please. - Robert Breakell/CT
4/19/2005 6:49:34 PM (3447 views)
Re: Need your opinion please. - David Bloys/TX
4/19/2005 8:37:10 PM (3480 views)
Re: Need your opinion please. - Robert Franco/OH
4/19/2005 8:47:28 PM (3529 views)
Re: Need your opinion please. - J.T. Shoemaker/NY
4/19/2005 9:09:56 PM (3315 views)
Re: Need your opinion please. - Kevin Ahern/CT
4/19/2005 9:30:57 PM (3475 views)
Re: Need your opinion please. - Robert Franco/OH
4/19/2005 10:29:06 PM (3425 views)
Re: Need your opinion please. - Larry Crooks/OH
4/20/2005 7:28:24 AM (3523 views)
Re: Need your opinion please. - Larry Crooks/OH
4/20/2005 7:18:18 AM (3485 views)
Re: Need your opinion please. - Lisa Ramsey/TX
4/20/2005 8:58:25 AM (3420 views)
Re: Need your opinion please. - Larry Crooks/OH
4/20/2005 9:20:53 AM (3429 views)
Re: Need your opinion please. - Lisa Ramsey/TX
4/20/2005 10:34:47 AM (3429 views)
Re: Need your opinion please. - Barbara Bennett/IN
4/20/2005 5:46:20 PM (3359 views)

Hey Shannon.... - Loretta Reed/MD
4/19/2005 1:48:33 PM (2505 views)
Re: Hey Shannon.... - Shannon Blatt/VA
4/19/2005 10:49:43 PM (3499 views)
Re: Hey Shannon.... - Loretta Reed/MD
4/19/2005 11:18:06 PM (3490 views)
Re: Hey Shannon.... - Shannon Blatt/VA
4/19/2005 11:40:34 PM (3502 views)
Re: Hey Shannon.... - george Hubka/MI
4/20/2005 3:20:11 PM (3377 views)
Re: Hey Shannon.... - Loretta Reed/MD
4/20/2005 3:41:26 PM (3269 views)
Re: Hey Shannon.... - george Hubka/MI
4/20/2005 5:48:44 PM (3405 views)
Re: Hey Shannon.... - Shannon Blatt/VA
4/20/2005 6:08:46 PM (3295 views)




Countywide Abstract, Inc. - J.T. Shoemaker/NY
4/19/2005 12:46:38 PM (3950 views)
Re: Countywide Abstract, Inc. - Francine Miller/NY
5/23/2005 10:18:04 AM (3236 views)

notary blacklist? - Kevin Ahern/CT
4/19/2005 6:21:17 AM (4532 views)
Re: notary blacklist? - J.T. Shoemaker/NY
4/19/2005 8:19:27 AM (3884 views)
Re: notary blacklist? - Kevin Ahern/CT
4/19/2005 8:25:08 AM (3744 views)
Re: notary blacklist? - Norean Cashwell/GA
4/19/2005 7:53:10 PM (3704 views)
Re: notary blacklist? - Kevin Ahern/CT
4/19/2005 8:04:04 PM (3854 views)
Re: notary blacklist? - James "Lin" Toney/MS
4/19/2005 9:39:39 AM (3902 views)
Re: notary blacklist? - Kevin Ahern/CT
4/19/2005 9:56:53 AM (3803 views)
Re: notary blacklist? - Lisa Ramsey/TX
4/19/2005 10:29:23 AM (3710 views)
Re: notary blacklist? - Judy Nisonger/CA
4/19/2005 11:17:53 AM (3834 views)
Re: notary blacklist? - Kevin Ahern/CT
4/19/2005 1:57:14 PM (3583 views)
Re: notary blacklist? - Kevin Ahern/CT
4/19/2005 11:23:43 AM (3862 views)
Re: notary blacklist? - J.T. Shoemaker/NY
4/19/2005 12:37:16 PM (3764 views)
Re: notary blacklist? - Shannon Blatt/VA
4/19/2005 1:12:23 PM (3678 views)

Creating Business - Mark Sizemore/IN
4/18/2005 11:58:33 AM (2472 views)
Re: Creating Business - Jay Duncan/MO
4/18/2005 2:56:53 PM (3628 views)
Re: Creating Business - george Hubka/MI
4/18/2005 5:43:24 PM (3498 views)
Re: Creating Business - Loretta Reed/MD
4/18/2005 7:01:48 PM (3466 views)
Re: Creating Business - Jay Duncan/MO
4/18/2005 8:23:48 PM (3431 views)
Re: Creating Business - Loretta Reed/MD
4/18/2005 8:31:23 PM (3527 views)

Conference forum - Shannon Blatt/VA
4/17/2005 11:30:38 PM (2506 views)
Re: Conference forum - Robert Franco/OH
4/18/2005 10:31:17 AM (3465 views)

NNBS/Anytime Services - Becky Cantrall/NC
4/14/2005 8:00:46 PM (2700 views)
Re: NNBS/Anytime Services - Matt Pardue/KY
5/2/2005 9:58:39 PM (3612 views)

Anyone know about Stonewood Group? - SHARON YAHRAES/ID
4/14/2005 1:41:13 PM (2607 views)
Re: Anyone know about Stonewood Group? - Donna Grady/NC
4/14/2005 1:58:41 PM (3598 views)
Re: Anyone know about Stonewood Group? - george Hubka/MI
4/14/2005 3:15:20 PM (3510 views)
Re: Anyone know about Stonewood Group? - Becky Cantrall/NC
4/14/2005 7:55:23 PM (3508 views)
Re: Anyone know about Stonewood Group? - Rachel Crain/CA
4/21/2005 3:11:16 AM (3500 views)

Mortgage Verification - Sue/PA
4/13/2005 12:03:36 PM (2329 views)
Re: Mortgage Verification - george Hubka/MI
4/13/2005 1:20:12 PM (3583 views)
Re: Mortgage Verification - Tammy Harkay/OH
4/28/2005 9:48:48 PM (3374 views)
Re: Mortgage Verification - Lisa Ramsey/TX
4/30/2005 12:13:50 AM (3442 views)

SECURED TITLE - PAM DESMARAIS/NC
4/13/2005 9:47:00 AM (2762 views)
Re: SECURED TITLE - Lisa Ramsey/TX
4/13/2005 10:34:03 AM (3322 views)
Re: SECURED TITLE - george Hubka/MI
4/13/2005 1:25:00 PM (3287 views)
Re: SECURED TITLE - Lisa Ramsey/TX
4/13/2005 3:23:26 PM (3247 views)
Re: SECURED TITLE - Cathy Iffergan/TX
4/13/2005 10:16:54 PM (3174 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/14/2005 5:37:14 AM (3243 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/14/2005 12:06:30 PM (3214 views)
Re: SECURED TITLE - Donna Grady/NC
4/14/2005 12:31:54 PM (3394 views)
Re: SECURED TITLE - george Hubka/MI
4/14/2005 1:08:27 PM (3258 views)
Re: SECURED TITLE - Donna Grady/NC
4/14/2005 1:50:30 PM (3328 views)
Re: SECURED TITLE - Barbara Bennett/IN
4/14/2005 5:18:01 PM (3305 views)
Re: SECURED TITLE - PAM DESMARAIS/NC
4/14/2005 11:37:40 PM (3162 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/14/2005 7:29:28 PM (3309 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/14/2005 8:15:17 PM (3231 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/14/2005 10:04:33 PM (3137 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/15/2005 6:54:15 AM (3336 views)

You really should have read my posting a little more carefully before attempting to pontificate and speak Ex Cathedra on the subject. You may also wish to consider a remedial reading course. You have misquoted me.

In your earlier post you limited your comments to the impact of an abstractor's late recording of a mortgage and your perception of additional expenses to the law firm arising therefrom. That is the posting to which I responded. If I recall you said nothing about failure to follow closing instructions and insuring title.

Connecicut is a race state also, and I fully understand the
 implications of an intervening lien being recorded with respect to the priority of the mortgage.

In your earlier post you indicated that a late recording may result in the redrafting of the mortgage and some imagined extra expense to the law firm for having to close the loan a second time. Let me try to get through to you again in terms that you may more readily understand... THERE IS NO SUCH EXPENSE NECESSITATED BY A SECOND CLOSING BECAUSE THERE IS NO NEED FOR A SECOND CLOSING. Can I make it any more clear?

The loan has been closed. The loan and mortgage are binding as the the Mortgagor and the Mortgagee. The recording of the mortgage perfects the security interest, and protects the lender's priority for a future foreclosure. It serves as notice to future third party lien holder's that the lender is prior in claim to their respective liens.

If you read my earlier posting, I said that an intervening lien is a problem, and that law firms in this area do not record the mortgage in that circumstance. IT DOES NOT REQUIRE A SECOND CLOSING. It creates a problem with the lender's priority of claim when the lender tries to perfect the security interest. If there are intervening liens the borrower has either misrepresented something on his loan application or has incurred an additional financial obligation (such as a mechanic's lien for work done on the property) while the mortgage application was pending. In this instance the lender will require the borrower to have the intervening liens released, and if they are not released accelerate the mortgage, demand payment and foreclose. The lender has two options. It can record the mortgage behind the intervening liens, pay the liens off to protect their position, foreclose, and seek the expenses as part of their foreclosure action. Mortgages routinely contain a clauses that allows them to do this. The other option that a lender can choose is not to record the mortgage and sue on the promissory note for money damages.

In so far as title insurance is concerned, the title insurance carriers protect themselves through an affidavit at closing indicating that the borrower has done nothing to encumber the title since the title search. Otherwise the intervening lien is an exclusion from coverage.

Now is there anything else on which you are confused?

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Re: SECURED TITLE - Unida ukinclue/NC
4/15/2005 8:18:35 PM (3201 views)
Re: SECURED TITLE - Robert Franco/OH
4/15/2005 8:50:55 PM (3119 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/16/2005 7:56:59 AM (3161 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/16/2005 7:50:31 AM (3290 views)
Re: SECURED TITLE - george Hubka/MI
4/15/2005 8:09:52 AM (3169 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/15/2005 8:33:40 AM (3371 views)
Re: SECURED TITLE - PAM DESMARAIS/NC
4/14/2005 11:24:25 PM (3201 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/15/2005 12:28:21 PM (3270 views)
Re: SECURED TITLE - John PAxton/NC
4/15/2005 3:41:51 PM (3190 views)
Re: SECURED TITLE - PAM DESMARAIS/NC
4/15/2005 4:20:06 PM (3175 views)
Re: SECURED TITLE - george Hubka/MI
4/15/2005 10:53:18 PM (3119 views)
Re: SECURED TITLE - Shannon Blatt/VA
4/14/2005 8:02:09 PM (3172 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/14/2005 10:07:38 PM (3173 views)
Re: SECURED TITLE - PAM DESMARAIS/NC
4/14/2005 11:32:34 PM (3106 views)
Re: SECURED TITLE - David Bloys/TX
4/15/2005 7:55:29 AM (3163 views)
Re: SECURED TITLE - george Hubka/MI
4/15/2005 8:15:12 AM (3253 views)
Re: SECURED TITLE - David Bloys/TX
4/15/2005 9:17:15 AM (3125 views)
Re: SECURED TITLE - Donna Grady/NC
4/14/2005 12:21:40 PM (3176 views)
Re: SECURED TITLE - george Hubka/MI
4/14/2005 1:24:55 PM (3168 views)
Re: SECURED TITLE - Kevin Ahern/CT
4/14/2005 2:38:47 PM (2971 views)
Re: SECURED TITLE - Douglas Gallant/OH
4/15/2005 6:09:55 PM (2994 views)
Re: SECURED TITLE - Unida ukinclue/NC
4/15/2005 8:24:35 PM (3031 views)
Re: SECURED TITLE - Douglas Gallant/OH
4/15/2005 11:05:41 PM (3066 views)
Re: SECURED TITLE...putting my 2 cents worth in - Loretta Reed/MD
4/16/2005 12:41:23 PM (3086 views)
Re: SECURED TITLE...putting my 2 cents worth in - Shannon Blatt/VA
4/16/2005 4:32:45 PM (3061 views)
Re: SECURED TITLE...putting my 2 cents worth in - Loretta Reed/MD
4/16/2005 4:57:08 PM (2957 views)
Re: SECURED TITLE...putting my 2 cents worth in - Lisa Ramsey/TX
4/16/2005 5:06:08 PM (3071 views)
Re: SECURED TITLE...putting my 2 cents worth in - Shannon Blatt/VA
4/17/2005 11:01:18 PM (2862 views)
Re: SECURED TITLE...putting my 2 cents worth in - Lisa Ramsey/TX
4/16/2005 5:03:59 PM (3047 views)

more unlocked articles - Kim Haase/MT
4/12/2005 11:41:55 PM (2346 views)
Re: more unlocked articles - Lisa Ramsey/TX
4/13/2005 10:29:27 AM (3185 views)
Re: more unlocked articles - Kim Haase/MT
4/13/2005 10:35:35 AM (3002 views)
Re: more unlocked articles - Robert Franco/OH
4/13/2005 11:15:21 AM (3171 views)
Re: more unlocked articles - Kim Haase/MT
4/13/2005 11:51:21 AM (3138 views)
Re: more unlocked articles - Robert Franco/OH
4/13/2005 1:17:02 PM (3054 views)

Help for someone who wants to become a title abstractor - John Flanders/GA
4/11/2005 11:52:58 PM (2429 views)
Re: Help for someone who wants to become a title abstractor - Loretta Reed/MD
4/12/2005 8:38:23 AM (3391 views)
Re: Help for someone who wants to become a title abstractor - george Hubka/MI
4/12/2005 1:55:36 PM (3342 views)
Re: Help for someone who wants to become a title abstractor - Kevin Ahern/CT
4/12/2005 4:54:15 PM (3350 views)
Re: Help for someone who wants to become a title abstractor - george Hubka/MI
4/12/2005 10:45:43 PM (3446 views)
Re: Help for someone who wants to become a title abstractor - Kim Haase/MT
4/12/2005 1:10:20 PM (3229 views)


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