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



[+] It is the soldier - Jay Duncan/MO (3 replies)
11/10/2004 10:40:58 PM (2424 views)

[+] Skipjack - kevin ahern/CT (17 replies)
11/10/2004 5:00:03 PM (2664 views)

[+] E&O insurance - Judy Nisonger/CA (3 replies)
11/10/2004 1:54:28 PM (3282 views)

[-] Online services - Jimmy Smith/PA (13 replies)
11/10/2004 12:43:30 PM (2613 views)
Re: Online services - Lisa Ramsey/TX
11/10/2004 2:08:39 PM (3899 views)

Dear Jimmy and JD - I am sorry that you have lost your business because of what is going on.  I certainly had to restructure my business to the changing markets.  In my case, I choose to increase my counties that include counties that are not anywhere near being online much less on a computer.  I have also increased my client base because no matter what company chooses to use the online services there are certain orders they cannot find nor can they actually complete the order depending on the type of search.  I have utlized this method waiting for "the walls to come crashing in" and I think that is happening.  Too many mistakes, too many errors and too much liability is catching up on everyone and everything.  I personally found 2 closings that occurred after 2 local attorneys had filed AJ on properties.  They are both going after the title companies.  That was a 100% defect rate by anyone asking me to see if there was a closing after their AJ was filed.  I try to do my part in letting my clients know that online searches are not many times "official public" records nor do they have the search capabilities we have at the courthouse in order to cross-reference all our work which picks up errors in indexing by name and also in many of my online counties - the only way we can pick up assignments and releases on a property.  For example, one of my counties - Collin county - is on the Collin county online site but is not even done by the county clerk's office - it is done by the appraisal district.  No certification date - it is not done by them.  This site contains so many errors I cannot even go to the extent of listing.  Anyone utilizing this online site has to be crazy when it has to do with depending on legal documentation and the drafting of it.  I have done test runs myself running a name and seeing what is displayed and then going to the courthouse - in every case, every time I found more at the courthouse - bar none - and that doesn't even include when I'm able to use the additional resource of running the property by the legal description at the courthouse - our cross-referencing capability to guarantee a good search. 

Instead of going out of business, some people have chosen to take part-time night jobs to supplement themselves through this adjustment time and while I have not had to go this route - I think because I never stopped marketing - I did go this route when I first started and was building my clientele.  I learned my lesson in yr 2000 when interest rates were so high no one was buying new homes.  Title fell in a matter of months to an all time flat - I learned to diverse my business to include other services and try and balance it accordingly thinking if this would happen to the economy this service would drop but the other services might increase during this time.  It's all part of being a business owner.  Always retain your professional standards, integrity and honesty - because what goes around comes around and I know that some of the companies that may have put you out of your business may end up losing their own in the process when push comes to shove and the errors show up.  When the lending institutions and title companies complain and find out it wasnt an abstractor or person physically doing the search at the courthouse it will come back on them and some of these companies one client may mean millions to them not like thousands to us.  There are also abstractors that have started the online searching because pricing has dropped so much because the thought was it could be done online.  I'm sure these are the ones that are coming up with the missed AJ's, etc.  To do the online search the abstractor risked their honesty and integrity because they knew better - they knew the courthouse had a much more sophisticated system and they too will be weeded out.  I believe that once the weeding takes place the volume of work will resume.

to post a reply: login - or - register


Re: Online services - David Bloys/TX
11/10/2004 4:11:13 PM (3865 views)
Re: Online services - Judy Nisonger/CA
11/10/2004 4:47:35 PM (3983 views)
Re: Online services - Robert Breakell/CT
11/10/2004 7:28:19 PM (3934 views)
Re: Online services - Judy Nisonger/CA
11/10/2004 8:29:23 PM (3810 views)
Re: Online services - Lisa Ramsey/TX
11/10/2004 2:08:40 PM (3812 views)
Re: Online services - John OConnor/IL
11/11/2004 1:00:53 PM (3801 views)
Re: Online services - Lisa Ramsey/TX
11/11/2004 5:04:33 PM (3780 views)
Re: Online services - Lisa Ramsey/TX
11/11/2004 5:04:34 PM (3784 views)
Re: Online services - Donna Grady/NC
11/11/2004 8:44:14 PM (3763 views)
Re: Online services - Lisa Ramsey/TX
11/11/2004 9:21:03 PM (3789 views)
Re: Online services - Judy Nisonger/CA
11/12/2004 4:55:29 AM (3738 views)
Re: Online services - Donna Grady/NC
11/13/2004 10:28:21 AM (3736 views)

[+] online searchers put me out of buss. - JD Smith/SC (23 replies)
11/10/2004 12:18:49 PM (2583 views)


Real Title Services


[+] infoTrack - Frank Navarro - Traci/AL (7 replies)
11/10/2004 11:09:59 AM (2745 views)

[+] Competing With Online Searches - Compass Abstracts/FL (19 replies)
11/10/2004 12:25:40 AM (2550 views)

[+] Associations - Judy Nisonger/CA (2 replies)
11/9/2004 5:01:27 PM (2356 views)

[+] Surfin' - Judy Nisonger/CA (1 reply)
11/9/2004 4:27:31 PM (2279 views)

[+] Post NALTEA Conference Meeting - Robert Franco/OH (5 replies)
11/9/2004 3:17:19 PM (2268 views)

[+] NCSTATE BAR TRYING TO SHUT DOWN INDEPENDENT PARALEGALS - Donna Grady/NC (4 replies)
11/9/2004 11:28:24 AM (2464 views)

[+] 3000 - Shannon Blatt/VA (3 replies)
11/8/2004 5:20:02 PM (2303 views)

[+] Zeno Data - Matthew DeLand/NY (5 replies)
11/8/2004 4:49:23 PM (2385 views)

[+] 3S Realserv - Lynn Hammett/SC (2 replies)
11/8/2004 2:57:49 PM (2461 views)

[+] Searcher Owes Insurer For Missed Judgment - David Bloys/TX (12 replies)
11/8/2004 1:53:09 PM (2513 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:

U.S. Housing Market Hits 30-Year Low in Home Sales: Causes and Consequences
Marissa Berends's Blog
2025/09/08
0 comments

Understanding Mineral Rights and the Importance of Trained Mineral Researchers
Marissa Berends's Blog
2025/09/05
0 comments

FHFA Title Acceptance Pilot: What to know
Marissa Berends's Blog
2025/09/02
0 comments

Articles

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

Commercial and Multifamily Mortgage Delinquency Rates Increased in Second-Quarter 2025
“The delinquency rate for commercial mortgages increased in the second quarter of 2025 across most major capital s...
MISMO Publishes Updated Charge and Fee Naming Guide for Industry Use
“The Naming Guide empowers lenders to deliver a more transparent, efficient, and compliant mortgage experience for...
Holland & Knight Files Amicus Brief on Behalf of American Land Title Association Contesting AML Regulations for Residential Real Estate Transactions
ALTA, the national voice of the title insurance and settlement services industry, has approximately 5,700 company member...
Mortgage Application Payments Increased in Latest MBA Weekly Survey
“Mortgage rates declined for the second consecutive week as Treasury yields moved lower on data indicating that th...
NAHB Calls on Congress to Protect Energy Choice
The National Association of Home Builders today called on Congress to help ease the housing affordability crisis by supp...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.