We've used electronic recording here with great success since 2005. Last summer we hit a high point of our volume when more than 38% of our recordings arrived electronically. There was a slight decline in that percentage towards the end of the year that coincided with the drop in refinancings. The most popular documents to be recorded electronically are mortgages and discharges so when the overall volume of those two documents declined, so did the percentage of electronic recordings.
The lull is probably good because in the next few months, all of the registries of deeds in Massachusetts that do not yet use electronic recording will be installing it. The goal is to have all active by the end of June 2014. Once all registries make the service available, I suspect the number of customers using the technology will rise.
Wednesday, March 05, 2014
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2 comments:
How does running the daily index work with electronic recordings? If I were standing in line waiting to record, how would I know if something had come on record affecting my property since the last time I had checked the index?
Thanks for the comment. It's an important issue so instead of posting a lengthy answer here, I'll do it in the form of a new blog post. Please check it out.
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