Do you consider a title policy a public record?

[Tom D]

I have never seen it not mentioned on the listing sheet. So, it's just a minor thing, well taken care of. Everything in a title report is already public info, but needing to be dug out somewhere. So i wouldn't consider a title report private, unless requested to be. My lenders always send a title if i disagree with it.

 

[Vermonter]

Yea, it's a business decision not listening to the lenders request.

You keep saying this, but I don't get it. Are the clients in PA so bad you can't have a simple conversation about the correct way to fill out the form without risking loss of work?

Explaining the correct entry in a field to a client doesn't have to be adversarial.

 

[Tom D]

It's a simple change, like was done, without convincing the lender that you are more right. I think that they have done this more than once, and it has been acceptable to fannie, etc., before having your simple conversation. Maybe not your liking, but to the important people liking.
Correct entry on the appraisal? That's why we have a blog, to reaffirm the correct entry, although on this blog it always goes 50/50 on any way of doing it. Doesn't mean i don't understand your concern.

 

[Mark K]

. However, there was no indication the owner was deceased on the listing or the sales contract.

If the seller signature line on the purchase contract is signed by: "The Executor of the Estate of John Smith" its a pretty safe bet that John Smith has reached room temperature.

BTW, many documents now refer to the "Personal Representative of..." instead of Executor (male) or Executrix (female). Nothing to do with the current state of political affairs; been happening for many years.

 

[sputnam]

That's fine. The title opinion is taking responsibility for title issues and why title insurance is required.

If it hasn't closed yet, the lender (your client) will have a copy of the title opinion before they record their mortgage on the subject.

The problem with that is that you are accepting the opinion of a title company as authoritative. They are wrong about as much as anyone else. I've seen numerous title reports that were in error.

 

[Tom D]

The problem with that is that you are accepting the opinion of a title company as authoritative. They are wrong about as much as anyone else. I've seen numerous title reports that were in error.

Wow, a title company is considered an authoritative source. If you then don't believe them, who do you believe for chain of title. I guess plumbers, electrician & roofer certs are not authoritative also. Well, i might leave out roofers.

 

[Tim Hicks (Texas)]

The problem with that is that you are accepting the opinion of a title company as authoritative. They are wrong about as much as anyone else. I've seen numerous title reports that were in error.

I have too.

 

[Tim Hicks (Texas)]

If the seller signature line on the purchase contract is signed by: "The Executor of the Estate of John Smith" its a pretty safe bet that John Smith has reached room temperature.

BTW, many documents now refer to the "Personal Representative of..." instead of Executor (male) or Executrix (female). Nothing to do with the current state of political affairs; been happening for many years.

It would have been nice if the contract had said any of that.

 

[Terrel L. Shields]

numerous title reports that were in error

Half the title reports in the Fayetteville Shale play did not address minerals from the 1920s-1960s as the title reports only goes back 30 years.

 

[Mark K]

It would have been nice if the contract had said any of that.

Curious how the Purchase contract was signed on the Seller side.