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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Affidavit of Deed / Paranoid Title Officer Posted by Rick Harmon on August 21, 2004 at 7:54 AM In Reply to: AOD - posted by zachary on August 20, 2004 at 5:00 PM Zachary - If I have the picture right, I think you title officer is, for some reason, being way to cautious. Anyone can file BK the day after closing; how can s/he predict trouble in the future? Frankly, I'd bet you may have made an innocent comment or off-hand remark that concerned the title officer and now they want to punish you. (I could be wrong about this, too). The net effect is the same, though. Getting the Affadavit of Deed signed is definately a good idea (use a different notary) Here are your options (am I missing any?) 1) Convince this title officer ("God") that your transaction is OK and that the chances of the deal coming back to haunt them is microscopically small 2) Talk to the T.O.'s Advisory Title Officer and continue climbing the underwriting ladder until someone with power signs off 3) Find a different title company who is less concerned about the circumstances of your acquisition deed. My experience with title officers boils down to this: You can be the most effective R.E. legal technician but it still won't help if the Title Officer is uncomfortable with the deal (either the buy or the resell). It's perfectly OK to ask: "What will it take for you to be comfortable with this deal?" At least they'll tell you what they want. Remember, they've got a boss who supervises them AND when deals do go sideways later, it'll come back to haunt them. Ask the T.O. to help you understand their concerns so that you can learn to anticipate and resolve the issues up front and make their life easier when time comes to write a policy. If that still doesn't work, find out who the other equity buyers use in that county and develop a relationship with that T.O. I have such a good relationship with my title company that I can call the big guy in L.A. (happens to be an attorney) and say: "Hey, Gary, it's Ricky" and he knows me (and expects another test of his legal tehnical skills). Truthfully, the title industry taught me the business because no one else would in the early days. I learned to "think like a title officer" and it's paid rich dividends. You can buy arrangements but you can't buy relationships. Hope this gives you some things to chew on. Rick Harmon Follow Ups: Re: Affidavit of Deed / Paranoid Title Officer zachary 11:50 PM, 08/25/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Zachary - : If I have the picture right, I think you title officer is, for some reason, being way to cautious. Anyone can file BK the day after closing; how can s/he predict trouble in the future? Frankly, I'd bet you may have made an innocent comment or off-hand remark that concerned the title officer and now they want to punish you. (I could be wrong about this, too). The net effect is the same, though. : Getting the Affadavit of Deed signed is definately a good idea (use a different notary) : Here are your options (am I missing any?) : 1) Convince this title officer ("God") that your transaction is OK and that the chances of the deal coming back to haunt them is microscopically small : 2) Talk to the T.O.'s Advisory Title Officer and continue climbing the underwriting ladder until someone with power signs off : 3) Find a different title company who is less concerned about the circumstances of your acquisition deed. : My experience with title officers boils down to this: You can be the most effective R.E. legal technician but it still won't help if the Title Officer is uncomfortable with the deal (either the buy or the resell). It's perfectly OK to ask: "What will it take for you to be comfortable with this deal?" : At least they'll tell you what they want. Remember, they've got a boss who supervises them AND when deals do go sideways later, it'll come back to haunt them. Ask the T.O. to help you understand their concerns so that you can learn to anticipate and resolve the issues up front and make their life easier when time comes to write a policy. : If that still doesn't work, find out who the other equity buyers use in that county and develop a relationship with that T.O. I have such a good relationship with my title company that I can call the big guy in L.A. (happens to be an attorney) and say: "Hey, Gary, it's Ricky" and he knows me (and expects another test of his legal tehnical skills). : Truthfully, the title industry taught me the business because no one else would in the early days. I learned to "think like a title officer" and it's paid rich dividends. : You can buy arrangements but you can't buy relationships. : Hope this gives you some things to chew on. : Rick Harmon : Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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