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First American Due Diligence Services - has anyone seen this

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(@steve-d)
Posts: 121
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LET'S PLAY NICE

Mighty strong words. Did you mean to be as hostile and as unsupported in your statements as they sound to me. Unless you are pressing charges I think you are out of line. IMHO.

 
Posted : February 8, 2011 4:18 pm
(@guest)
Posts: 1658
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"SURVEYOR" Title Services - WE should be seeing this

> Why not try being realistic?
>
> Do you think your going to just waltz into Lloyds (or any other insurance underwriter) and tell them you're going to start insuring property titles and they're gonna open up their checkbook?

I'll leave the waltzing to you. In fact, you can have the whole waltzing division of "SURVEYOR" Title if you really want it. By your criticism you seemed at the ready to fire off some real $$$ figures. Again, I ask you to offer up your figures on bankrolling a title agency. I do believe Lloyd's will insure just about anyone or thing. It seemed like a reasonable place to start shopping for an underwriter. How about Stewart, Chicago, Ticor, Fidelity, Fund, etc... ?

 
Posted : February 8, 2011 5:23 pm
(@bruce-small)
Posts: 1508
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I know of one survey which will cost them a bundle. Their "preferred partner" performed an ALTA survey which is off 9 feet vertically and 5 feet horizontally, and that is after nine (9) revisions. They certainly didn't use the benchmark shown on the survey because it is off by 135 feet. They certified to monuments but did not find or set any (all of them exist, under the pavement). They didn't find the section corner, which is an obvious brass cap in the middle of the intersection. They said they found the quarter corner, as a fence post, except the quarter corner is in the middle of a busy street so that isn't likely. Third worse survey I've ever seen (the other two were outright fraudulent).

 
Posted : February 8, 2011 7:31 pm
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