Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (39653)	10/13/2010 9:07:16 AM
From: E_K_S	Read Replies (1) \| Respond to of 78644

Hi Madharry - Property Title Insurers - A value Buy or a potential Liability? Old Republic International Corp (NYSE: ORI) First American Corporation (New(NYSE: FAF) finance.yahoo.com Is there a value opportunity in this foreclosure paperless trail mess? If title might be clouded could title companies see a new revenue source by charging a premium for providing title insurance on these properties? What about a software company providing an integrated certified "electronic title record" system that replaces the old paper system(s). It seems outdated to require a "wet" signature on all documents. I wonder who might have such a system available: Oracle, Microsoft, Xerox. When I was buying foreclosure properties in the early 90's all of our title record searches were done at the county office using microfiche readers. Many of the title companies had their own proprietary quasi "electronic" systems but nothing was integrated. It was a pretty inefficient system which allowed us buyers an advantage when buying properties at the court house steps. It was not uncommon to be the only bidder on properties paying $0.60 on the dollar - all cash. We were able to make a lot of excellent "value" buys. It seems like there is an opportunity (especially if Congress mandated) for a company to provide an integrated "certified" electronic title and document system. EKS