InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Store Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Perennial chore of staying up-to-date Posted by Ward-CA- on April 09, 2003 at 3:50 PM In Reply to: Future of Court Reporting posted by SeanW on April 09, 2003 at 9:16 AM : It 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? =•=•=•=•=•=•=•=•=•=•= Sean, I agree that society in general is creeping towards a more paperless state. It’s not a smooth advance across all fronts. Different sectors are moving at different speeds. The recorder’s office in San Diego is progressing at a faster clip than Los Angeles. Title companies have done the best job of automating title record searching. All one has to do is input the county assessor’s number into their computer and it will print out a list of all liens, both voluntary and involuntary, in chronological order, etc. I don’t know where you’re getting title searches for $300-$400. I’m paying no more than $1.00 apiece for mine. I don’t see any closing window of opportunity. The fact that the records are stored electronically doesn’t negate the process of analysis, raising cash, property fix-up, resale, etc. Yes, I think in 5 years we will still be using the recorder’s records to research deals. And yes, dinky counties will lag further and further behind and then will leapfrog forward, much like China is doing today by leapfrogging into the wireless phone age. Saves them billions of dollars not having to string phone lines out into the hinterlands. So to sum up. I don’t see any change in people’s laziness. Most of us are loathe to learn anything new. Manual systems will continue to give way to electronics, but not all electronic advances are that easy to learn (i.e. programming your VCR). So if you dedicate yourself to staying abreast of new developments in your chosen profession or field of work you will stay ahead of the pack. That probably means paying the price of being a perpetual student and consciously endeavoring to staying up-to-date. That’ll put you at the head of the pack—where the most lucrative opportunities lie. Follow Ups: hoodia Harry Juna 10:23 PM, 02/03/05 (0) hoodia Harry Juna 4:55 PM, 02/03/05 (0) Re:$1 Title Search???? frankca 1:09 PM, 04/11/03 (2) Free title searching.. Ward-CA- 0:17 AM, 04/12/03 (1) Re: Free title searching.. frankca 7:59 AM, 04/12/03 (0) Title searches for $1 Rudy 6:10 PM, 04/09/03 (5) Re: Title searches for $1 ellis 9:21 AM, 04/10/03 (0) Re: Title searches for $1 ellis 9:21 AM, 04/10/03 (1) You've got the info already... Ward-CA- 7:00 AM, 04/11/03 (0) Re: Title searches for $1 ellis 9:21 AM, 04/10/03 (1) You've got the info already... Ward-CA- 7:00 AM, 04/11/03 (0) Cheap title searches Ward-CA- 6:18 PM, 04/09/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : It 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? : =•=•=•=•=•=•=•=•=•=•= : Sean, : I agree that society in general is creeping towards a more paperless state. It’s not a smooth advance across all fronts. Different sectors are moving at different speeds. The recorder’s office in San Diego is progressing at a faster clip than Los Angeles. : Title companies have done the best job of automating title record searching. All one has to do is input the county assessor’s number into their computer and it will print out a list of all liens, both voluntary and involuntary, in chronological order, etc. : I don’t know where you’re getting title searches for $300-$400. I’m paying no more than $1.00 apiece for mine. : I don’t see any closing window of opportunity. The fact that the records are stored electronically doesn’t negate the process of analysis, raising cash, property fix-up, resale, etc. : Yes, I think in 5 years we will still be using the recorder’s records to research deals. And yes, dinky counties will lag further and further behind and then will leapfrog forward, much like China is doing today by leapfrogging into the wireless phone age. : Saves them billions of dollars not having to string phone lines out into the hinterlands. : So to sum up. I don’t see any change in people’s laziness. Most of us are loathe to learn anything new. Manual systems will continue to give way to electronics, but not all electronic advances are that easy to learn (i.e. programming your VCR). : So if you dedicate yourself to staying abreast of new developments in your chosen profession or field of work you will stay ahead of the pack. That probably means paying the price of being a perpetual student and consciously endeavoring to staying up-to-date. That’ll put you at the head of the pack—where the most lucrative opportunities lie. 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455