Mine neither, another of the advantages of the Torrens system
Having worked in a Torrens environment (British Columbia) I rather agree, but the last thing this country needs is another government agency.?ÿ An example of potential good government being pushed out by bad government.?ÿ?ÿ
?ÿ"it's better to insure too much land than not enough.". Ooooookay
Wouldn't that make the title company liable for damages when the client does not end up with the insured parcel?
Wouldn't that make the title company liable for damages when the client does not end up with the insured parcel?
I believe the operating assumption is that it's okay because they're generating the paper and collecting the fees, but since it's a preliminary report and not a title insurance policy they're not actually exposed to any liability.?ÿ Generating paper and collecting fees seems to be their primary business, accuracy in title matters not so much.
Wouldn't that make the title company liable for damages when the client does not end up with the insured parcel?
I believe the operating assumption is that it's okay because they're generating the paper and collecting the fees, but since it's a preliminary report and not a title insurance policy they're not actually exposed to any liability.?ÿ Generating paper and collecting fees seems to be their primary business, accuracy in title matters not so much.
I have had some instances where I worked over and over on trying to get the title company to provide an actual legal description, relevant exceptions, remove the irrelevant ones, etc. One was a complex project and the particular title company was completely out of its depth. I dealt with 4 different officers as each one moved on...in the end issuing the map and sending it to the lawyers was the only way to get the issues dealt with.
But, for the most part, title companies are trying to get it right and respond well to feedback.
Wouldn't that make the title company liable for damages when the client does not end up with the insured parcel?
That comment (by the title officer) is just a minefield of stupidity.?ÿ?ÿ
the last thing this country needs is another government agency
LTSA Is a non-profit, privately owned company, that handles all the title in British Columbia. I post this every time this subject comes up. In hopes that it will catch on, here in Washington.
I brought this up to a prominent surveyor, and was told that the Attorneys would never go along with it. Takes away a HUGE revenue stream...
Sounds a lot like a little history that I've had with the AK BLM Office.
the last thing this country needs is another government agency
LTSA Is a non-profit, privately owned company, that handles all the title in British Columbia. I post this every time this subject comes up. In hopes that it will catch on, here in Washington.
I brought this up to a prominent surveyor, and was told that the Attorneys would never go along with it. Takes away a HUGE revenue stream...
As you know we have (had) a torrens system here in WA. (65.12 RCW)
And no, it never really caught on, and from what I know the most used portion of the code is to use the process to withdraw from the Registered Lands.
https://stafnelaw.com/torrens-act/
explains why you would want to include your property in the Registered Lands.
I actually do understand why someone would not want to have their lands in such a system, and mainly for the reasons that were stated above. It is a little bit easier to force an insurance company to do the right thing or admit a mistake than it is to have the same outcome with a county auditor.
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And the Auditors HATE the system, as it is a lot of work and risk.
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As you know we have (had) a torrens system here in WA.
Oregon also had a registry at one time. It was toast long before I came to town. My understanding is that it was voluntary and virtually unused. Nobody wanted to pay the registry fee.?ÿ
LTSA Is a non-profit, privately owned company, that handles all the title in British Columbia.
It is a corporation established by, and its operating parameters dictated by, order of a government agency.?ÿ ?ÿA rose by any other name... ?ÿIt's like Canada is this whole other country.
Government is better, far better, than any private corporation running everything for their own benefit.
Government is better, far better,
Please, Dave. Don't get my thread deleted.
The LTSA is a unique construct that was established under British Columbia??s Land Title and Survey Authority Act and officially separated from the government on Jan. 20, 2005. It is not a title company--there are no title companies in British Columbia as Americans understand them. Title in this province is protected by the Land Title Act. The LTSA is a private corporation, but it has no shares. All revenue goes back into LTSA, and a portion of those fees then go to the British Columbia provincial government.
@dougie?ÿ
It is hard to tell were the line between private corporation and government entity lies here. It is more than a bit fuzzy.?ÿ The registry was a government agency for over 100 years before they came up with this new arrangement.?ÿ?ÿ
Yes, they had a pretty good start, and a decent base to work with.
I helped a friend of mine interview Mike Thompson, British Columbia's Surveyor General, in 2010, for a POB Article. We made 2 visits, and spent a total of 5 hours with Mike, and his assistant, talking about the whole process. It was quite enlightening. The transition seemed pretty smooth. We visited 1 of the 3 offices, and there seemed to be a lot of information there. Mike seemed to think the "Government" was happy to give it all over.
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Dougie
