Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



AITF Lending in New York - Liza Jackson/CO
2/2/2005 5:53:06 PM (1822 views)

[-] ethics - Toni Betts/IL (12 replies)
2/2/2005 5:07:47 PM (1990 views)
Re: ethics - Robert Franco/OH
2/2/2005 6:22:27 PM (2883 views)
Re: ethics - Judy Nisonger/CA
2/2/2005 6:59:14 PM (2919 views)
Re: ethics - Barbara Bennett/IN
2/2/2005 7:50:40 PM (2845 views)
Re: ethics - Lisa Ramsey/TX
2/2/2005 8:19:46 PM (2845 views)
Re: ethics - Robert Franco/OH
2/2/2005 8:15:25 PM (2782 views)
Re: ethics - David Bloys/TX
2/2/2005 8:39:58 PM (2829 views)
Re: ethics - Smitty Strickland
2/2/2005 8:18:57 PM (2859 views)
Re: ethics - Donna Grady/NC
2/3/2005 12:30:30 AM (2945 views)

I agree with all that has been said on this thread.  When I left NC in 2001 the abstractors here all got along well with each other.  But there were only three of us independents and the others were employed by attorneys.  I went to SC and the majority of the abstractors were independents and territorial.  A few of them were hateful and mean.  So I wanted to return to NC where all the abstractors were more like family and friends.  When I returned to NC in 2004, it was the same as SC, the abstractors were at each others throats and not just the independents, the employed ones too.  I think it is the change in the industry as a whole.

I had to take a big cut in my fees in order to continue working for some of the same companies in NC that I worked for in SC.  So now I make the same fee in 2005 that I was making in 1993-2001 in NC.  Although in this county, the cost of a house has increased over 50% in the last three years.  The realtors make 6% commission the attorneys get $450.00 for purchase closings and the employed abstractors make $32 - 35,000.00 a year except the two male employed abstractors.  They make over $45,000.00.  An attorney can only pay an independent abstractor $50.00 for a search because he/she pays that out of the $450.00.  In SC, a search for an attorney could run up to $125 to $400 because the fee is collected on the HUD as separate from the attorney's closing fee.  To be honest, a search in SC is harder than in NC because of the way the title insurance companies are set up.  In NC, you can tack to an insurance policy and come up no matter which attorney's office did the previous search.  The title insurance company will insure the back title.  In SC, each attorney's office has their own title insurance company and they do not give out their back title.  So in SC, unless the attorney has already done the search before, every search is a full search.  Keep in mind I am not talking about the (national) title companies that request one owner searches.

As more and more title companies have sprung up in NC, the attorneys are not getting their piece of the pie which has caused some law firms to lay off title searchers.  Therefore the NC Bar is opposed to title companies and the way for them to get rid of them is to regulate how the attorneys can or can not use the independent abstractors.  No word yet from the NC Bar on their proposal.  They were supposed to rule on it in January.  None of the attorneys that I have asked have heard whether or not anything has be finalized.

to post a reply: login - or - register


Re: ethics - Jonathan Figliuolo/SC
2/4/2005 5:17:44 PM (2839 views)
Re: ethics - Robert Franco/OH
2/4/2005 5:35:27 PM (2728 views)
Re: ethics - Douglas Gallant/OH
2/4/2005 6:04:45 PM (2738 views)
Re: ethics - Robert Breakell/CT
2/3/2005 7:50:20 PM (2732 views)

[+] ABSTRACTING SOFTWARE - KIM HAASE/MT (30 replies)
2/2/2005 2:09:46 PM (2239 views)

[+] Bob Krummel - Busted! - Robert Franco/OH (13 replies)
2/1/2005 11:55:08 PM (2433 views)

NorCal Notary Public Luncheon 1-29-05 - Fay Hudson/CA
2/1/2005 1:26:48 PM (1596 views)


Real Title Services


21 yr Judicial searches - Susan/OH/OH
2/1/2005 10:36:28 AM (1586 views)

[+] DRI Title - Thomas Moens/IL (5 replies)
2/1/2005 10:08:01 AM (2101 views)

[+] abstracting question, I think - Chet Mazur/CA (3 replies)
2/1/2005 9:56:32 AM (2008 views)

[+] Need E & O Insurance - Bob Krummel/IL (1 reply)
2/1/2005 8:35:40 AM (2075 views)

[+] Lost Doc - David Bloys/TX (2 replies)
2/1/2005 8:26:48 AM (1960 views)

[+] Since No One Has Questions/Answer - I'll Take the Time to Say Thank You - Lisa Ramsey/TX (1 reply)
1/31/2005 11:19:04 PM (1954 views)

Anyone out There? - Lisa Ramsey/TX
1/31/2005 6:12:03 PM (1504 views)

[+] Ethics - Douglas Gallant/OH (3 replies)
1/30/2005 7:52:39 PM (1969 views)

Impac - Smitty Strickland/SC
1/29/2005 4:04:55 PM (1656 views)

EAG Consultants - Smitty Strickland/SC
1/29/2005 4:03:39 PM (1610 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8961 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Shared Driveway Agreements
Marissa Berends's Blog
2025/12/10
0 comments

Explain It Like I’m 5: FIRPTA Edition
Marissa Berends's Blog
2025/12/03
0 comments

Home buyers are more active this fall.....
Michael Stelzer's Blog
2025/11/27
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

CATIC Foundation Announces 25th Anniversary Grant Award Recipients
The CATIC Foundation, which is the philanthropic arm of CATIC Financial, Inc., recently celebrated 25 years of meaningfu...
Builder Sentiment Loses Ground at Start of 2026
“While the upper end of the housing market is holding steady, affordability conditions are taking a toll on the lo...
December New Home Purchase Mortgage Applications Increased 2.5 Percent
“December purchase activity for newly built homes continued to run stronger than last year, despite cooling slight...
Remodeling Market Sentiment Strengthens in Fourth Quarter of 2025
“Most remodelers are finding reasonably strong market conditions, even with the normal seasonal slowdown during th...
Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage rates dropped lower last week following the announcement of increased MBS purchases by the GSEs. Lower r...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

Looking for Abstractors in SD 12/27
December 27 2025
Hello, I have the following orders in SD in the following counties: Buffalo(3), Charles Mix(1),Codington(1), Dewey(9), Lyman(1) Oglala Lokota(4), Pennington(1), Roberts(4), and Todd(2). This is a total of 26 orders. I am doing consistent business inn...[more info]

email
© 2020, Source of Title.