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    lnorwood
    Member
    Post count: 17

    Hi All –
    Thought I would share my recent success. I just completed the purchase of a 7.6 acre property in Colorado. Seller was willing to accept $100 for this property, but I would be responsible for the $627 in back taxes, which I will pay this week. So, all in at $727! I expect it to sell for $3500-4000.

    The cool thing is I got the deed back from the seller yesterday, and I have it back, recorded and stamped, as of today at 1:59pm CT, through the wonders of e-recording. I used a service called ppdocs.com, which is awesome. The extra cost was about $10 plus the recording fees. I believe it came up to about $26 total.

    For anyone interested, I also have accounts with goepn.com and am in the process of getting one set up with erecording.com. Between the 3, I have coverage on all except 1 county I am working in.

    Hope this helps, folks!!

Viewing 15 replies - 16 through 30 (of 32 total)
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  • Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    first american

    Not sure I understand this news release out of GoEPN.com. It sounds like they bought or merged into a different company that was managing documents for First American Title/CoreLogic which are now two different companies but from the same company in the past. See this on CoreLogix:
    Core Logic Wiki
    They also use to be Experian the credit rating guys.

    Big business in a small world.

    Still wonder why their website is so lame and I can’t just sign up online in the middle of the night like ppdocs.com

    Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    Here is the sales pitch from cscglobal.com

    Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    erecording.com has a nicer website. Their $200 set up fee is annoying. $5 per recording after that is better than the $10 at ppdocs.com but not as low as the $3.50 for the goepn.com one with no set up fee.

    The county list is pretty nice at erecording.com. goepn.com sounds like they are covering CA in March so they are catching up for the areas I want covered.

    This tells me it is a download able software:
    Software requirements
    Hope I am wrong. If they really are trying to use software instead of something online I wonder how easily I will be able to use it from different computers and if my computer crashes etc. That is so 1990’s. Haven’t we all lost work trying to rely on a single computer in the past? Remember hitting save all the time? Who does that anymore?

    I signed up and we will see what they say.

    Thank you again @IronWood for all the research you did on this topic!

    Keep it coming. You got a solution to cut out the Notary yet?

    Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    Let me take that back, it says javascript and cookies. That means it is an online software.

    Internet Explorer is still about obsolete but lets see what they got.

    Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    Just got off the phone with David at CSC e recording. Turns out CA has some nasty state rules that to do an e-recording you have to be someone like a title co, goverment, big time lender. Not Luke Smith who deals vacant land.

    Wonder how much it cost to set up a title co or buy one.

    Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    1/3 of the other states require a MOU to do recordings in that state. Others in the list require other stuff so it is not as straight forward as it appears.

    He says pricing starts at $195 a year then $10 per recording.

    Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    info about counties

    On the second page there is a list of what you have to be to e-record in CA.

    “Only Title Insurers, Underwritten Title Companies, Institutional Lenders, or Government Entities may electronically submit documents to California counties”

    Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    goepn just got back to me:
    Read this sales pitch

    Hi Luke,
    I appreciate you reaching out to us regarding eRecording in California! I’d be happy to give you a quick overview of the process and explain what makes ePN unique and the best choice for your eRecording needs.

    As you may have heard, eRecording with ePN is super easy. eRecording is just an electronic way to deliver your documents to the county for recording – kind of like FedEx/UPS but in an electronic format. No installation or purchase of software is necessary. Once you sign up for an account, you can log in to our online system, click on the state, click on the county, chose your document type, upload the document, and click ‘submit’ – your document will instantly show up at the county clerk’s computer for processing. ePN has NO annual fees, NO setup fees, and only charges $3.50 per document – ePN does NOT charge for rejected documents. ePN pays the county for the recording fees and then debits your account once a document has been recorded (and only when it has been recorded). You will receive a daily account report detailing all of the transactions.

    Another important point is that ePN is the only eRecording company that is owned by and operates under the oversight of an underwriter (Old Republic Title) – this is an important differentiator as the CFPB does care very much about who handles your customers’ documents and funds. Other eRecording companies are just private companies looking for submission fees with no underwriter affiliations. ePN is also a proud member of ALTA (American Land Title Association) as well as several other national associations.

    I’ve attached the subscriber form, please look it over and let me know if you have any questions. It is very easy to get started and you can stop any time.

    Please let me know what you think on the above. I look forward to hearing from you!

    Ben

    Ben Sherman
    National Business Development Manager

    eRecording Partners Network (ePN)
    Direct: 608-616-2314
    Fax: 1-866-766-0437

    ben@GOePN.com

    http://www.GOePN.com

    Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    These goepn.com guys still have my vote for CA electronic recording.

    Gonna try them.

    New super scanner on the way.

    Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    Just got logged into goepn.com. Super easy sign up process.
    Check this news out:
    “On March 1, 2016 all Wisconsin counties will require a Wisconsin Real Estate Transfer form for all conveyance documents, except those executed prior to October 1, 1969.”

    They are telling us what the counties are requiring. Would be sweet to know if I was about to do a deal in WI. Hopefully they keep the news coming for places I am working.

    Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    CA is not on goepn.com yet. They say in March all counties will be on there.

    Looking at other states and counties it looks like some counties don’t take deeds and some require additional setup. Lots look wide open though.

    This is going to go into my county selection criteria going forward on future mailers to send out first.

    lnorwood
    Member
    Post count: 17

    @luketsmith

    Oh man. You have really gone to town on this! The in-depth detail is awesome. Bummer on the CA counties – maybe there’s a formal title agent in the group who can help with a Land Academy title company? LOL. Long shot, but who knows.

    I like GoEPN a lot – especially since there was no setup fee, and their per doc fee still beats the others. They are just missing the 1 county that I am doing most of my business in right now.

    After recording 3 more deeds with CSC/E-Recording, I’ve grown to appreciate their system. I had docs rejected because of a faint black lines on the deed from folding it. With their software, I was able to lighten those areas, re-submit, and within a couple hours, I had it back as recorded. It also won’t even allow you to submit the deed without the correct supplemental docs. For instance, AZ requires the Affidavit of Property Value – I am not able to submit to the county without it. Very helpful!

    Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    @lnorwood

    This system you introduced if I can get it working would speed up my rate of compounding. Maybe it is because I am from a finance background that the rate of compounding is so crucial to me. The returns are sweet they way they are but if I could do two deals in the same amount of time I would be much happier.

    CA is an odd duck. I don’t have to focus on CA. Would like to spread it around anyway.

    Might end up subscribing to all three and dripping the worst or using the ones that are the best for what they are the best at.

    Right now I am playing with goepn.com. Not sure if their ca deal will allow me to erecord or not. They say they are owned by a title co so maybe that is my title co to get around the rules or I make my own.

    Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    so the goepn guys mark what counties need extra whatever. I clicked one to see what the what ever was and this is what they tell me to do:
    “Submitted electronically by __________ (submitter’s name) in compliance with North Carolina statutes governing recordable documents and the terms of the submitter agreement with the _______ (insert county name) County Register of Deeds.”

    Put that on the first page below the title and you meet that counties requirements.

    Now I am not as daunted by all the counties that need extra stuff. Maybe this one is just easier than others.

    Luke Smith
    Moderator
    Post count: 1262
    ProAdvanced

    Goepn.com
    Just called them for an update. Would like to do some electronic recording in CA. They do it in lots of other places but CA is due in March. Its March now.
    Got a nice lady who says they are set up and testing with most CA counties. They will roll them out soon. She will personally call to tell me when I can record in the county I am working.

    Nice people over there.

    $3.50 for recoding. No set up fee. No other fees. They pay your actual recording fees and bill your account on file.

    I can’t wait to boil that recording process down!

Viewing 15 replies - 16 through 30 (of 32 total)

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