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ALTA Bringdown Redux

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(@holy-cow)
Posts: 25292
Topic starter
 

Had a nice chat today with a title company employee during which I explained he discussion in the original thread. She was flat out shocked. When they issue a document, it includes ALL worthy items. They essentially copy what was on the previous title policy that is relevant plus anything new or unique to the current situation. You get the full list, not some silly short list.

In days of old when abstracts were typed manually it was common practice to add the newest information in a new folder directly onto the old folder and then a similar added folder would be appended the next time something happened. This provided everything but did not require retyping all the pages in the first folder.

 
Posted : January 6, 2012 1:34 pm
(@jimmy-cleveland)
Posts: 2812
 

Holy Cow,

I would think that with today's technology, it would be very easy to just ammend the original commitment without alot of work.

I guess we learn something new every day.

Have a great weekend.

Jimmy

 
Posted : January 6, 2012 8:00 pm
(@terry_jr)
Posts: 67
Registered
 

I do not think the lawyers like change. Their information is still typed in some areas around here. When I give a Surveyors Description, some still can not cut a paste. When I recieve a recorded copy wording is changed and sometimes full courses are missing, and yes I pull out what was submitted to see if it was my mistake.

It still does change the fact that the Title Company should give all the information from the start of the reseach through each 'bringdown' to the present.

Holy: Thanks for looking into it and sharing what you found.

 
Posted : January 7, 2012 5:41 am