What’s the REAL purpose? Is it to speed the process? I doubt it. Who wants to make the biggest and likely most important purchase of their life in 5 minutes.

It would seem that the real purpose is to make all those pesky title issues like judgments, Child support liens, state and federal tax liens, probate, etc not attach to the “block”. Then title issues would effectively disappear resulting in inexpensive (but unreliable) title examinations. How will blockchain ever get the Treasurers, Auditors, Assessors, District Courts, Federal courts, Probate courts, etc etc etc to effectively buy in to blockchain in 3300 counties to protect the interests of the public?

Who is the Driver behind this?!
My guess is - follow the money. Who has the most to gain - those who don’t want to pay for a quality search, and don’t want to pay for title problems. So who is leading the charge at the Title Underwriting level? County level? And who at the NAR level? Do they understand the current system and what this would mean?

Your thoughts please!!

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