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



Clear Financial Services? - Liza Jackson/CO
2/7/2005 6:32:57 PM (1620 views)

[+] Just wanted to let you all know.. - Ellen Malloy/MO (10 replies)
2/4/2005 6:19:36 PM (2047 views)

[+] Axis Research - Becky Cantrall/NC (1 reply)
2/4/2005 3:59:29 PM (1984 views)

THANKS - SARAH CIRAOLO/NY
2/4/2005 3:30:09 PM (1446 views)

[+] thing are "slow" - Toni Betts/IL (13 replies)
2/4/2005 11:50:22 AM (1999 views)


Real Title Services


Wow, Thank you - AR/VA
2/4/2005 11:13:47 AM (1463 views)

[+] BOB KRUMMEL_ THIS MESSAGE IS FOR YOU!!!!!! - Michelle Bernard/LA (2 replies)
2/3/2005 8:17:28 PM (1998 views)

[+] Just thought I would share.... - Loretta Reed/MD (6 replies)
2/3/2005 7:58:04 PM (1898 views)

[+] May I vent? - AR/VA (12 replies)
2/3/2005 5:27:40 PM (1985 views)

[+] A Courthouse Story - David Bloys/TX (12 replies)
2/3/2005 10:25:00 AM (2617 views)

[+] Totally Unrelated!!! - J.T. Shoemaker/NY (4 replies)
2/3/2005 9:14:47 AM (2473 views)

AITF Lending in New York - Liza Jackson/CO
2/2/2005 5:53:06 PM (1799 views)

[-] ethics - Toni Betts/IL (12 replies)
2/2/2005 5:07:47 PM (1944 views)
Re: ethics - Robert Franco/OH
2/2/2005 6:22:27 PM (2729 views)
Re: ethics - Judy Nisonger/CA
2/2/2005 6:59:14 PM (2764 views)
Re: ethics - Barbara Bennett/IN
2/2/2005 7:50:40 PM (2700 views)
Re: ethics - Lisa Ramsey/TX
2/2/2005 8:19:46 PM (2709 views)
Re: ethics - Robert Franco/OH
2/2/2005 8:15:25 PM (2645 views)
Re: ethics - David Bloys/TX
2/2/2005 8:39:58 PM (2684 views)
Re: ethics - Smitty Strickland
2/2/2005 8:18:57 PM (2716 views)
Re: ethics - Donna Grady/NC
2/3/2005 12:30:30 AM (2780 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 (2694 views)
Re: ethics - Robert Franco/OH
2/4/2005 5:35:27 PM (2601 views)
Re: ethics - Douglas Gallant/OH
2/4/2005 6:04:45 PM (2604 views)
Re: ethics - Robert Breakell/CT
2/3/2005 7:50:20 PM (2583 views)

[+] ABSTRACTING SOFTWARE - KIM HAASE/MT (30 replies)
2/2/2005 2:09:46 PM (2179 views)

[+] Bob Krummel - Busted! - Robert Franco/OH (13 replies)
2/1/2005 11:55:08 PM (2370 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:

Fannie Mae Drops Minimum Credit Scores
Security American's Blog
2025/11/10
0 comments

Understanding O&E Title Searches
Security American's Blog
2025/10/29
0 comments

AI Powered Title Plant
Michael Gigliotti's Blog
2025/10/23
0 comments

Articles

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

NAR Existing-Home Sales Report Shows 1.2% Increase in October
"Home sales increased in October even with the government shutdown due to homebuyers taking advantage of lower mortgage ...
Real Estate Firms Cite Housing Affordability and Rising Costs as Biggest Challenges
Real estate firms are bracing for continued challenges related to housing affordability and rising industry costs, accor...
NAHB Offers Lawmakers Recommendations on National E-Verify System
“Approximately 80% of NAHB members have fewer than 10 employees and often lack human resources, legal departments ...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates increased for the third consecutive week, with the 30-year fixed rate inching higher to its highes...
MISMO Calls for Participation in New Initiative to Standardize Title Order Data Exchange
“The Title Order Dataset is a critical next step in strengthening interoperability and efficiency across the mortg...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.