Education

Didn’t know you had one? Well, you do. Every claim you make on your home insurance is recorded in the CLUE insurance database — impacting your insurance premiums. But you can review it and improve it.

Read more: http://www.houselogic.com/protect-your-home/home-insurance/your-insurance-score/#ixzz1scYhTQuj  Your CLUE insurance report keeps your homeowners insurance claims alive for seven years—and that could cost you on your premiums.

A tree falls on the roof of your house. You file an insurance claim with your agent, collect a settlement from the insurer, and fix your roof. End of story, right? Not quite. Every claim you make on your homeowners insurance is recorded in a widely used insurance industry database called CLUE, short for Comprehensive Loss Underwriting Exchange.

Almost all insurance companies use CLUE to check on the claims history of prospective policyholders. The CLUE insurance report also includes claims made on your home before you even bought it. A-PLUS is another company that maintains a loss-history database. What’s inside these reports can affect your insurance premiums, or even prevent you from getting coverage.

Read more: http://www.houselogic.com/home-advice/your-insurance-score/your-clue-insurance-report-matters/#ixzz1scZGehGsYour claims history lives on in CLUE

The CLUE Personal Property report, which pertains to homeowners insurance, is divided into two parts: your personal record of claims (“Claims for the Subject”) and the claims on your home (“Claims History for Risk”). The number of claims in either section will affect whether you can get insurance for your home, how much coverage you can get, and how much you’ll pay in premiums. If you’re turned down for homeowners insurance because of information in your CLUE report, your insurance company is required to let you know why you were rejected.

Since the database is used by most insurance companies, your claims history follows you from one insurer to another. Actual claims, as opposed to inquiries, remain in the CLUE database for seven years from the date you filed them. Both LexisNexis, the owner of CLUE, and A-PLUS advise insurance carriers not to report loss information just because you called to ask a question about whether your policy will cover a particular loss. Individual insurance companies may keep a record of inquiries, though.

Insurance companies rely on CLUE reports because statistics show that if you’ve filed a claim in the past, you’re more likely to file one in the future, says Dick Luedke, a spokesperson for State Farm Insurance. The amount of a claim is less important than how often you’ve filed, he says. “We aren’t trying to make up for past losses, but to predict the risk of future claims.”

Each insurance company has its own formula for calculating how much a claim will affect your premium, according to the Insurance Information Institute, a trade group that provides information to consumers. Suffice it to say the fewer the claims the less you’ll likely be charged. State Farm gives a 5% discount if you haven’t filed a claim in the last five years, says Luedke. That’s $40 off an average annual premium of $804 (this varies by company). Ask your agent if a claim-free discount is available.

Claims aren’t all that count

Knowing what’s on your CLUE report will give you a sense of whether you’ll need to pay extra for homeowners insurance, or even if you run the risk of rejection. Unfortunately, even a pristine report doesn’t mean you can be sure of getting homeowners insurance at a great price. That’s because the claims on your CLUE report aren’t the only things that affect your overall insurance risk.

Insurance companies also consider your credit score, which is based on such things as how much debt you carry, whether you pay your bills on time, and so forth. According to the Insurance Information Institute, studies show that how people manage their finances is a good indicator of whether they’ll file an insurance claim. The more likely you are to file a claim, the bigger risk you are to the insurance company. And more risk means a higher premium or denial of coverage. Other factors insurers consider include the location of your home and its type of construction.

95% of REOs Need Rehab, Analysts Say

Daily Real Estate News | Monday, April 16, 2012

Investors are buying up foreclosures in bulk, viewing the potential returns from REOs-to-rentals as better than most other investments.

But experts caution investors to be careful that they don’t take on more than they can handle, and make sure they devote some attention — and budget — into the rehabilitation of many of the properties they buy.

Nearly 95 percent of distressed homes are in bad shape and unsuitable for renting out, Morgan Stanley analysts estimate.

“The importance of getting construction — or specifically, re-construction or rehabilitation — right cannot be overstated,” according to a recent report sent to Morgan Stanley clients. “The quality and cost of rehabilitation can continue to benefit or haunt the asset far past the initial completion of work. For example, shoddy plumbing or other infrastructure work can result in significantly higher maintenance costs over time, and can also affect eventual exit pricing.”

Morgan Stanley provided estimates to investors in the report, citing estimates of renovation work to cost about 25 percent of the purchase price.

Source: “Rehabilitation Vital to REO-to-Rental Success,” HousingWire (April 13, 2012)

MN Closer Pre-License Seminar June 4, 2012

Minnesota State Required

8 Hour Closer Pre-license Course:

“Closing the Residential Transaction”

June 4, 2012    St Paul, MN

Closing the Residential Transaction presents an overview of the closing process. This course is designed for those wishing to obtain their Minnesota Closer License and/or anyone desiring a better understanding of the closing process, principles and procedures guiding the closing of real estate sales and mortgage transactions.

The course addresses:

The role of Closers, Lenders and Real Estate Agents in the closing process

Purpose and use of Title Insurance and reading Title Work

Drafting of Legal Documents and handling Legal Issues relating to closing

The impact of federal laws and regulations on the closing process

Documents present or executed at closing

Avoiding common issues for litigation in residential real estate transactions

Closing the Residential Transaction discusses the law as it relates to real estate and fixtures, types of estates, types of multiple or co-ownership interests and drafting documents. It explains how to identify problems at the closing state, and includes an important discussion of the important role of the closer as a neutral third party in detecting and correcting errors to assure a smooth closing.

 Sign up for Class Here

Midwest Abstracting Seminar Announced

May 14-15, 2012    St Paul, MN

WHY TAKE THIS SEMINAR?

To Improve and Update Knowledge of Title Abstracting

To Improve and Update Knowledge of Title Examination

To Review for the Minnesota State Abstracter’s License

AS A RESULT OF THIS SEMINAR, PARTICIPANTS WILL BE ABLE TO:

Read, Draw and Recognize Valid Legal Descriptions

  • Follow the Public Land Survey System to Identify Parcels
  • Identify and Diagram Metes & Bounds Descriptions
  • Discover Critical Information shown on Plats and Survey Maps
  • Recognize Legal Differences in single family, Townhomes, Timeshares,

            Condominiums, Co-ops,  Common Interest Communities, etc.

  • Identify Atypical Title Issues for Manufactured Housing/ Mobile Homes                                                                                         
  •  Summarize Documents Accurately in the Public Real Estate Offices
  • List the Eight Public Offices that All Abstractors Must Know and Use
  • Demonstrate the Ability to Index and Find all Public Real Estate Documents
  • Answer Where Needed Records are Indexed, and How they are Organized         
  • Compare/ Contrast Torrens Property with Abstract Property Searches
  • Explain Fundamentals of Bankruptcy and Bankruptcy Searches  

Construct and solve missing links in a “chain of title”

  • Follow complete Chains of Title and Find Missing Links
  • Correctly Define Rights, Title & Interests follow them as they’re Created and Change
  • Apply the 30 & 40 Year Laws in Abstracting and Examining and ID the Exceptions
  • Properly Execute Abstract and Torrens Name Searches in All Counties
  • Recite Critical Updated Minnesota Real Estate Laws and Title Searches  

Remember information for your abstracter’s license test 

  • Define and Use Scores of Key Real Estate Title Terms
  • Respond to Dozens of Updated Abstracter Questions
  • Answer questions regarding the State Licensing Requirements, Laws and Rules
  • Respond to Ethics and Standards of Professional Conduct Questions

 Sign up for Seminar HERE

 

Jeanine W. (Jeanne) Johnson to Speak at ALTA Business Conference

Jeanine W.  Johnson will be a conference speaker at the ALTA Business Conference in Louisville, KY March 26th. A primary function of the American Land Title Association (ALTA) is to provide important educational programs.  A “Train the Title Trainer” session will explain adult learning styles and demonstrate how to teach important and complex title issues to staff. Ms Johnson is a professional speaker on title topics, and is often hired to speak at Land Title Association conferences.  She also owns an online school for Professionals in Land Title Training. Online Courses include Title Insurance, Closing, Abstracting, Title examination and National Concepts in Title.

WHY ATTEND THIS SEMINAR? WHY EDUCATE STAFF?

  • For a better understanding of customer needs
  • For Fewer Claims!
  • To grow staff, so they have opportunity for a better career path
  • So that you can retire someday and they can take over :)

COME HEAR MORE    Jeanne Johnson is a professional Land Title Association (LTA) public speaker and teacher. She has spoken at many Land Title Conferences. At the upcoming ALTA Business Strategies Conference,she will teach a workshop on how to explain complex title topics. While the workshop focuses on understanding adult learning and instructor delivery, she demonstrates tips for training title.  A blueprint handout will show specific skills for teaching abstractors, examiners and closers complex title issues.Jeanne will actively demonstrate ways to teach to all types of learners about “rights, title and interests” so staff can identify title issues as “okay” or “problems” needing to be resolved.

And, on top of all that,  you might just find a speaker for your next land title conference!

For more information on the conference, go to this ALTA Link

In a Court of Law, You Never Know What Will Be Asked

ATTORNEY: What was the first thing your husband said to you that morning?
WITNESS: He said, ‘Where am I, Cathy?’
ATTORNEY: And why did that upset you?
WITNESS: My name is Susan!
____________________________________________

ATTORNEY: What gear were you in at the moment of the impact?
WITNESS: Gucci sweats and Reeboks.
____________________________________________

ATTORNEY: This myasthenia gravis, does it affect your memory at all?
WITNESS: Yes.
ATTORNEY: And in what ways does it affect your memory?
WITNESS: I forget.
ATTORNEY: You forget? Can you give us an example of something you forgot?
___________________________________________

ATTORNEY: Do you know if your daughter has ever been involved in voodoo?
WITNESS: We both do.
ATTORNEY: Voodoo?
WITNESS: We do.
ATTORNEY: You do?
WITNESS: Yes, voodoo.
____________________________________________

ATTORNEY: Now doctor, isn’t it true that when a person dies in his sleep, he doesn’t know about it until the next morning?
WITNESS: Did you actually pass the bar exam?
____________________________________

ATTORNEY: The youngest son, the 20-year-old, how old is he?
WITNESS: He’s 20, much like your IQ.
___________________________________________

ATTORNEY: Were you present when your picture was taken?
WITNESS: Are you shitting me?
____________________________________________

ATTORNEY: She had three children, right?
WITNESS: Yes.
ATTORNEY: How many were boys?
WITNESS: None.
ATTORNEY: Were there any girls?
WITNESS: Your Honor, I think I need a different attorney. Can I get a new attorney?
_____________________________________________
ATTORNEY: How was your first marriage terminated?
WITNESS: By death.
ATTORNEY: And by whose death was it terminated?
WITNESS: Take a guess.
____________________________________________

ATTORNEY: Can you describe the individual?
WITNESS: He was about medium height and had a beard.
ATTORNEY: Was this a male or a female?
WITNESS: Unless the Circus was in town I’m going with male.
_____________________________________

ATTORNEY: Is your appearance here this morning pursuant to a deposition notice which I sent to your attorney?
WITNESS: No, this is how I dress when I go to work.
______________________________________

ATTORNEY: Doctor, how many of your autopsies have you performed on dead people?
WITNESS: All of them. The live ones put up too much of a fight.
_________________________________________

ATTORNEY: ALL your responses MUST be oral, OK? What school did you go to?
WITNESS:  Oral.
_________________________________________

ATTORNEY: Do you recall the time that you examined the body?
WITNESS: The autopsy started around 8:30 PM.
ATTORNEY: And Mr. Denton was dead at the time?
WITNESS:  If not, he was by the time I finished.
____________________________________________

ATTORNEY: Are you qualified to give a urine sample?
WITNESS: Are you qualified to ask that question?
______________________________________

And last:

ATTORNEY: Doctor, before you performed the autopsy, did you check for a pulse?
WITNESS: No.
ATTORNEY: Did you check for blood pressure?
WITNESS: No.
ATTORNEY: Did you check for breathing?
WITNESS: No.
ATTORNEY: So, then it is possible that the patient was alive when you began the autopsy?
WITNESS: No.
ATTORNEY: How can you be so sure, Doctor?
WITNESS: Because his brain was sitting on my desk in a jar.
ATTORNEY: I see, but could the patient have still been alive, nevertheless?
WITNESS: Yes, it is possible that he could have been alive and practicing law.

Heart Attack Symptoms Women Should Recognize

I rarely post personal items, but this time it’s different. As many of you know, I have had a couple of very tough years with some very serious surgeries, putting me pretty much out of commission. Thankfully, I am on the mend. But last week my wonderful sister-in-law, Suelin, had a stroke. She had no idea what was happening, and luckily my brother Jay rushed her to the hospital.  She is currently in rehab, but has a long way to come back.  So when my friend Walt sent me this email, I thought I’d pass it on. Maybe it will save a life.

NURSE’S HEART ATTACK     EXPERIENCEI am an ER nurse and this is the best description of this event that I have ever heard. Please read, pay attention, and send it on!

FEMALE HEART ATTACKS

I was aware that female heart attacks are different, but this is the best     description I’ve ever read.

Women and heart attacks (Myocardial infarction). Did you know that women     rarely have the same dramatic symptoms that men have when experiencing     heart attack.. you know, the sudden stabbing pain in the chest, the cold sweat,     grabbing the chest & dropping to the floor that we see in the movies.     Here is the story of one woman’s experience with a heart attack.

‘I had a heart attack at about 10:30 PM with NO prior exertion, NO prior     emotional trauma that one would suspect might have brought it on. I was     sitting all snugly & warm on a cold evening, with my purring cat in my     lap, reading an interesting story my friend had sent me, and actually     thinking, ‘A-A-h, this is the life, all cozy and warm in my soft, cushy     Lazy Boy with my feet propped up.

A moment later, I felt that awful sensation of indigestion, when you’ve     been in a hurry and grabbed a bite of sandwich and washed it down with a     dash of water, and that hurried bite seems to feel like you’ve swallowed a     golf ball going down the esophagus in slow motion and it is most     uncomfortable. You realize you shouldn’t have gulped it down so fast and     needed to chew it more thoroughly and this time drink a glass of water to     hasten its progress down to the stomach. This was my initial sensation–the     only trouble was that I hadn’t taken a bite of anything since about 5:00     p.m.

After it seemed to subside, the next sensation was like little squeezing     motions that seemed to be racing up my SPINE (hind-sight, it was probably     my aorta spasms), gaining speed as they continued racing up and under my     sternum (breast bone, where one presses rhythmically when administering     CPR).

This fascinating process continued on into my throat and branched out into     both jaws. ‘AHA!! NOW I stopped puzzling about what was happening — we all     have read and/or heard about pain in the jaws being one of the signals of     an MI happening, haven’t we? I said aloud to myself and the cat, Dear God,     I think I’m having a heart attack!

I lowered the foot rest dumping the cat from my lap, started to take a step     and fell on the floor instead. I thought to myself, If this is a heart     attack, I shouldn’t be walking into the next room where the phone is or     anywhere else… but, on the other hand, if I don’t, nobody will know that     I need help, and if I wait any longer I may not be able to get up in a     moment.

I pulled myself up with the arms of the chair, walked slowly into the next     room and dialed the Paramedics… I told her I thought I was having a heart     attack due to the pressure building under the sternum and radiating into my     jaws. I didn’t feel hysterical or afraid, just stating the facts. She said     she was sending the Paramedics over immediately, asked if the front door     was near to me, and if so, to un-bolt the door and then lie down on the     floor where they could see me when they came in.


I unlocked the door and then laid down on the floor as instructed and lost     consciousness, as I don’t remember the medics coming in, their examination,     lifting me onto a gurney or getting me into their ambulance, or hearing the     call they made to St. Jude ER on the way, but I did briefly awaken when we     arrived and saw that the radiologist was already there in his surgical     blues and cap, helping the medics pull my stretcher out of the ambulance.     He was bending over me asking questions (probably something like ‘Have you     taken any medications?’) but I couldn’t make my mind interpret what he was     saying, or form an answer, and nodded off again, not waking up until the     Cardiologist and partner had already threaded the teeny angiogram balloon     up my femoral artery into the aorta and into my heart where they installed     2 side by side stints to hold open my right coronary artery.


I know it sounds like all my thinking and actions at home must have taken     at least 20-30 minutes before calling the paramedics, but actually it took     perhaps 4-5 minutes before the call, and both the fire station and St Jude     are only minutes away from my home, and my Cardiologist was already to go     to the OR in his scrubs and get going on restarting my heart (which had     stopped somewhere between my arrival and the procedure) and installing the     stints.
Why have I written all of this to you with so much detail? Because I want     all of you who are so important in my life to know what I learned first     hand.


1
. Be aware that something very different is happening in your     body, not the usual men’s symptoms but inexplicable things happening (until     my sternum and jaws got into the act). It is said that many more women than     men die of their first (and last) MI because they didn’t know they were     having one and commonly mistake it as indigestion, take some Maalox or     other anti-heartburn preparation and go to bed, hoping they’ll feel better     in the morning when they wake up… which doesn’t happen. My female     friends, your symptoms might not be exactly like mine, so I advise you to     call the Paramedics if ANYTHING is unpleasantly happening that you’ve not     felt before. It is better to have a ‘false alarm’ visitation than to risk     your life guessing what it might be!

2.
Note that I said ‘Call the Paramedics.’ And if you can     take an aspirin. Ladies, TIME IS OF THE ESSENCE!

Do NOT try to drive yourself to the ER – you are a hazard to others on the     road.

Do NOT have your panicked husband who will be speeding and looking     anxiously at what’s happening with you instead of the road.

Do NOT call your doctor — he doesn’t know where you live and if it’s at     night you won’t reach him anyway, and if it’s daytime, his assistants (or     answering service) will tell you to call the Paramedics. He doesn’t carry     the equipment in his car that you need to be saved! The Paramedics do,     principally OXYGEN that you need ASAP. Your Dr will be notified later.

3.
Don’t assume it couldn’t be a heart attack because you have a     normal cholesterol count. Research has discovered that a cholesterol     elevated reading is rarely the cause of an MI (unless it’s unbelievably     high and/or accompanied by high blood pressure). MIs are usually caused by     long-term stress and inflammation in the body, which dumps all sorts of     deadly hormones into your system to sludge things up in there. Pain in the     jaw can wake you from a sound sleep. Let’s be careful and be aware. The     more we know the better chance we could survive.

A cardiologist says if everyone who gets this mail sends it to 10 people,     you can be sure that we’ll save at least one life.

*Please be a true friend and send this article to all your friends (male     & female) who you care about!*

NURSE’S HEART ATTACK     EXPERIENCEI am an ER nurse and this is the best description of this event that I have     ever heard. Please read, pay attention, and send it on!

FEMALE HEART ATTACKS

I was aware that female heart attacks are different, but this is the best     description I’ve ever read.

Women and heart attacks (Myocardial infarction). Did you know that women     rarely have the same dramatic symptoms that men have when experiencing     heart attack.. you know, the sudden stabbing pain in the chest, the cold sweat,     grabbing the chest & dropping to the floor that we see in the movies.     Here is the story of one woman’s experience with a heart attack.

‘I had a heart attack at about 10:30 PM with NO prior exertion, NO prior     emotional trauma that one would suspect might have brought it on. I was     sitting all snugly & warm on a cold evening, with my purring cat in my     lap, reading an interesting story my friend had sent me, and actually     thinking, ‘A-A-h, this is the life, all cozy and warm in my soft, cushy     Lazy Boy with my feet propped up.

A moment later, I felt that awful sensation of indigestion, when you’ve     been in a hurry and grabbed a bite of sandwich and washed it down with a     dash of water, and that hurried bite seems to feel like you’ve swallowed a     golf ball going down the esophagus in slow motion and it is most     uncomfortable. You realize you shouldn’t have gulped it down so fast and     needed to chew it more thoroughly and this time drink a glass of water to     hasten its progress down to the stomach. This was my initial sensation–the     only trouble was that I hadn’t taken a bite of anything since about 5:00     p.m.

After it seemed to subside, the next sensation was like little squeezing     motions that seemed to be racing up my SPINE (hind-sight, it was probably     my aorta spasms), gaining speed as they continued racing up and under my     sternum (breast bone, where one presses rhythmically when administering     CPR).

This fascinating process continued on into my throat and branched out into     both jaws. ‘AHA!! NOW I stopped puzzling about what was happening — we all     have read and/or heard about pain in the jaws being one of the signals of     an MI happening, haven’t we? I said aloud to myself and the cat, Dear God,     I think I’m having a heart attack!

I lowered the foot rest dumping the cat from my lap, started to take a step     and fell on the floor instead. I thought to myself, If this is a heart     attack, I shouldn’t be walking into the next room where the phone is or     anywhere else… but, on the other hand, if I don’t, nobody will know that     I need help, and if I wait any longer I may not be able to get up in a     moment.

I pulled myself up with the arms of the chair, walked slowly into the next     room and dialed the Paramedics… I told her I thought I was having a heart     attack due to the pressure building under the sternum and radiating into my     jaws. I didn’t feel hysterical or afraid, just stating the facts. She said     she was sending the Paramedics over immediately, asked if the front door     was near to me, and if so, to un-bolt the door and then lie down on the     floor where they could see me when they came in.


I unlocked the door and then laid down on the floor as instructed and lost     consciousness, as I don’t remember the medics coming in, their examination,     lifting me onto a gurney or getting me into their ambulance, or hearing the     call they made to St. Jude ER on the way, but I did briefly awaken when we     arrived and saw that the radiologist was already there in his surgical     blues and cap, helping the medics pull my stretcher out of the ambulance.     He was bending over me asking questions (probably something like ‘Have you     taken any medications?’) but I couldn’t make my mind interpret what he was     saying, or form an answer, and nodded off again, not waking up until the     Cardiologist and partner had already threaded the teeny angiogram balloon     up my femoral artery into the aorta and into my heart where they installed     2 side by side stints to hold open my right coronary artery.


I know it sounds like all my thinking and actions at home must have taken     at least 20-30 minutes before calling the paramedics, but actually it took     perhaps 4-5 minutes before the call, and both the fire station and St Jude     are only minutes away from my home, and my Cardiologist was already to go     to the OR in his scrubs and get going on restarting my heart (which had     stopped somewhere between my arrival and the procedure) and installing the     stints.
Why have I written all of this to you with so much detail? Because I want     all of you who are so important in my life to know what I learned first     hand.


1
. Be aware that something very different is happening in your     body, not the usual men’s symptoms but inexplicable things happening (until     my sternum and jaws got into the act). It is said that many more women than     men die of their first (and last) MI because they didn’t know they were     having one and commonly mistake it as indigestion, take some Maalox or     other anti-heartburn preparation and go to bed, hoping they’ll feel better     in the morning when they wake up… which doesn’t happen. My female     friends, your symptoms might not be exactly like mine, so I advise you to     call the Paramedics if ANYTHING is unpleasantly happening that you’ve not     felt before. It is better to have a ‘false alarm’ visitation than to risk     your life guessing what it might be!

2.
Note that I said ‘Call the Paramedics.’ And if you can     take an aspirin. Ladies, TIME IS OF THE ESSENCE!

Do NOT try to drive yourself to the ER – you are a hazard to others on the     road.

Do NOT have your panicked husband who will be speeding and looking     anxiously at what’s happening with you instead of the road.

Do NOT call your doctor — he doesn’t know where you live and if it’s at     night you won’t reach him anyway, and if it’s daytime, his assistants (or     answering service) will tell you to call the Paramedics. He doesn’t carry     the equipment in his car that you need to be saved! The Paramedics do,     principally OXYGEN that you need ASAP. Your Dr will be notified later.

3.
Don’t assume it couldn’t be a heart attack because you have a     normal cholesterol count. Research has discovered that a cholesterol     elevated reading is rarely the cause of an MI (unless it’s unbelievably     high and/or accompanied by high blood pressure). MIs are usually caused by     long-term stress and inflammation in the body, which dumps all sorts of     deadly hormones into your system to sludge things up in there. Pain in the     jaw can wake you from a sound sleep. Let’s be careful and be aware. The     more we know the better chance we could survive.

A cardiologist says if everyone who gets this mail sends it to 10 people,     you can be sure that we’ll save at least one life.

*Please be a true friend and send this article to all your friends (male     & female) who you care about!*

30 Story Hotel Built in 15 Days

A company in China has just completed a building a 30 story hotel in just 15 days! The 6 minute time-lapse video on U-tube captures the entire process of constructing the building in the Hunan Province from foundation all the way to furnished space with beds. You can see the steel frames for sections of the floor; you can see the tile floor being laid on the sections; you see the giant tinker-toy floor pieces lifted by cranes and tapped into place by workers. You see that the amazing construction is designed to withstand hurricane level winds, with windows that are amazingly energy efficient. Seems to be the best of all worlds.
So, what will happen to construction here over the next decade? Will high quality pre-fabricated materials take over conventional processes due to speed, highest quality of construction, new requirements for Green and enhanced building codes? What industries and trades will grow and what businesses as we know them today will vanish? What new jobs will be created – ones that we can hardly imagine?

American Ingenuity is Still at Work in Courthouses

I was in Michigan last week speaking to an amazing group. The company developed special cameras, made in Germany, to take to Courthouses around the country to image public records. The amazing thing is that their cameras read the humps and bumps in those enormous tract books by refocusing the images as they cross the page. In other words, they don’t have to take the books apart. They work in teams, 24/7, traveling with the cameras to wherever they are needed. Some of the team scan the pages, others carefully proof the images for clarity, and they can even create the grantor grantee books and tract books. I am very proud of these people. Lets keep our jobs in the US and lets continue to invent new and better ways of doing the same old tasks.

State of Delaware Sues MERS

In a new twist, the State of Delaware is suing MERS under the Unlawful and Deceptive Trade Practices Act (UDTPA.) The suit claims that MERS has left for borrowers “no public trail by which anyone can identify the principals or verify the propriety of the (mortgage) transfer.” The private and obscure nature of their database makes it difficult for consumers “to know of or challenge inaccuracies in the MERS System”  i.e. – who the heck holds the mortgage and who the heck has the right to foreclose?  Read more at Delaware Online

Info On Home Closing

Home Closing 101: An Educational Initiative of the American Land Title Association