Landing the Big One: New Technology for the Landman
Tuesday July 26, 2016
A few years ago while heading back home to visit my parents, I zoned out, as I often do when driving, and began thinking about a CPL luncheon I recently attended.
The speaker was going over the nightmare that is Texas’ legal descriptions and the history of what makes it so unique.The piece of the discussion that I was fixated on was around the safety net that the State of Texas put in place early on to help stop title failure due a mistakes in writing or typing the property descriptions for real property records. He highlighted the fact that at the end of most tract descriptions, sometimes in lieu of tract descriptions, the drafting party will make a reference back to the source deed from when that particular tract of land was created. I realized that meant that every time that property was sold since its inception, the drafting parties always referred back to the same source deed.
That’s when I blurted out “Prior References!” to my wife. I went on to explain to her, in great detail, how we could capture the prior references not only in the tract descriptions but anywhere in the body of the documents when we process Syndicate records and by doing so in a relational database we could change the way the entire Land and even Title industry links chains of documents by allowing them to enter a record and bringing back every document that has referenced it… to which she said, “You’re soooo weird.”
Weird as I may be, today at Drillinginfo we have taken that step forward, along with quite a few other improvements.
“Prior References.”
Running title in Texas is always the equivalent of a super marathon, so let’s take a look at some of the features of our new Courthouse 2.0 tool, which you should see on the front page of your gallery as you’re logged in. (You will only have access to land information to which you are subscribed).
First a simple search of Grimes Title Plant where either the grantor or grantee is Weber Energy immediately flows back 143 results.
