Are Offshore Title Plants
March 13 2014
Public officials and land title
professionals everywhere should be asking their
state and federal regulators the same question.
For years, public officials responsible for
county records have been plagued by demands from
foreign title plants and their domestic partners
to hand over complete archives of real estate
records at taxpayer
This morning I ran across an
interesting post by Patrick Wilkes in the
Insurance Law group on LinkedIn.
"With thousands of trained
title insurance professionals unemployed in the
US - and substandard title insurance products
produced offshore - I wonder why state and
federal regulators close their eyes to this
foolish (and to consumers, deceptive) practice,"
Is It Legal?
"Many states have laws which proscribe the
performance of title insurance outside of their
boundaries," according to Wilkes, "Why do they look the
other way when the Big Boys contract with
offshore title plants"?
It's a good question and one that Wilkes, a
national real estate land title consultant
should know a lot about. His work history in the
title industry spans decades including seventeen
years as Chief Title Officer/Commercial Title
Officer for Old Republic Title, according to his
Mr. Wilkes is
involved in an ongoing effort to keep title
research and title insurance onshore and local.
If you would like to learn more, you can contact
him through his
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