Comments on: Howling at all this corrosion

By: Wine Dog

Wine Dog — Sun, 18 Oct 2009 14:32:16 +0000

I don’t see how AB1160 is going to work or be enforced. I was talking to a title guy yesterday who said essentially all they’ll do is tell them in English, make them sign some affidavit in English that says it’s been explained and leave it at that.

I think they were thinking the issue was Spanish, but I see it from the other side. It’s all those languages and many more.

By: titleslug

titleslug — Sun, 18 Oct 2009 14:04:53 +0000

Last time I checked, the person who pays me is hte client. These ass hats think the bank is the thier client. That is the problem.
If you’re paying title and escrow fees, your the client. Messrs Evil and Bloodless, don’t get that. Dinty Jr. says he gets it and he’s spent tons of money on software that is supposed win homeownwers as “clients for life”, but…
http://www.closing.com is a portal endorsed by the insurance commissioner. It got its start under Garamendi and the cooperation continues through Poisner. This site does nothing, however, if the bank only takes offers that allows it to choose title and escrow (and that’s the way the empires want it).

By: OldTitleGuy

OldTitleGuy — Sun, 18 Oct 2009 01:33:54 +0000

Direct to consumer by title companies has been tried from time to time. The effect is immediate cutoff by the local brokers. Since that’s where the bulk of the business is, it will take some major cojones to try. It would work for FSBO’s but pretty much nothing else.

By: Skip-itty-doodah

Skip-itty-doodah — Sun, 18 Oct 2009 00:21:10 +0000

I haven’t read these yet but I wonder if this will open the door to Title Co.’s advertising directly to the consumer..and what pandoras box that’ll lead to?

By: The Brother

The Brother — Sat, 17 Oct 2009 21:00:14 +0000

I’m with OTG on that one. I haven’t read the bill, but what if there is an interpreter present, so that the “negotiations” were conducted in English on one side and something else on the other?
Another major issue is that legal documents don’t always translate well. Npt all countries have the same concepts of property we do; they do it differently, and their languages can’t express the same concepts.

By: OldTitleGuy

OldTitleGuy — Sat, 17 Oct 2009 15:48:06 +0000

AB1160 is well meant, but it seems to me that a number of lenders will abandon California due to this. Who is going to check and see if the translation is accurate? If the note is sold, does the new lender check that? How is anybody supposed to know what language was used? If my name is O’Reilly and I come from Mexico City and speak no English?

Sounds like a lawyers paradise..