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Foreclosure Forum |
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Future of Court ReportingIt has occurred to me, that there has been a general trend in government to move away from paper filing toawrds electronic. You can see it in Medicaid claim forms, IRS forms, driver's licenses, voting procedures. Sometimes it is simply encouraged by giving faster service to electronic submissions-- and sometimes quite coercive by setting a cut-off date at which they MUST be. It stands to reason that someday, court records will be electronically submitted from the escrow office. No delays for getting things stamped and recorded, much less mess. A revamped and efficient court records system could just have a "total leins" value beside a parcel lookup. That obviates the need for expensive title searches, or time spent at the recorder's office digging through books and microfilm. I think you can already see the efficiencies of computers affecting this area. Title searches are coming down from $300-$400 to near $100 in metropolitan areas. It seems to me, we are facing a closing window of opportunity. County budgets are not like state and federal budgets for computer upgrades. Big, populous counties will go electronic first, followed by small rural ones. But it will happen. And so, would disappear one of the tools of the foreclosure buyer. Timely information that others lack. So Ward, what's your opinion? Do you think in 5 years it will still be worth going to San Diego's court records? How long do you think it would be before even the cow-town counties are electronic?
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