DataTree vs TitlePro vs RealQuest Pro (LA 1422)Transcript:Steven Butala:Steve and Jill here.Jill DeWit:Howdy.Steven Butala:Welcome to the Land Academy show, entertaining land investment talk. I'm Steven Jack Butala.Jill DeWit:And I'm Jill DeWit, broadcasting from amazing, arid Arizona. I'm trying to think quickly, "What can I do that all starts with As?"Steven Butala:Today Jill and I talk about DataTree versus TitlePro versus RealQuest Pro. Those are the three best professional sources of data. We're licensed providers for all three of them, Jill and I are. And every member with us has access to all of them. And again, this, like all week this week, this topic came from our customer service department because they're getting a lot of questions on this.Jill DeWit:This topic is the very best way to get out of a conversation if you're approached by somebody boring in a bar environment. [inaudible 00:00:53]Steven Butala:Well, I think that if you say, "We're licensed providers of data," and then fill in the blank, you've already lost most of the people.Jill DeWit:There we go.Steven Butala:Just licensed providers. It's like, "Nope."Jill DeWit:"How was your day?" "Well here, thank you for asking. Here's what I did." And watch their eyes go, "And we're done."Steven Butala:Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free. And additionally, if you're a member, join us on Discord.Jill DeWit:Tiffany asks, "I'm wondering has anyone experienced longer and longer lead times on getting deals closed through an attorney or title in the last several months? Or do I just need to get a new attorney? Laughing. Ha ha. Though this is the second one. And they have both been just swamped. I'm guessing it's across the board."I have, but it's not catastrophic. I seriously have. What I used to do in 10 days, might take... If I used to do it in 10 days, it maybe takes 15 or 20. But a 30 day escrow is not a 90 day escrow.Steven Butala:Here's why. Whether you're closing a deal through an attorney or you close it through escrow, they both have to get a, depending on the state, a preliminary title report back that says, "Okay, green lights. Everything's passed. We're now putting together the actual title insurance policy, or a title plant done in some cases. State to state is different. And sometimes the property is, there's issues. So we need to get plant work done." That's the holdup.There's a lot of escrow agents and a lot of lawyers that'll take your deal. And the best lawyers in the world can get deals done in days. They still are held out, this, right now. And this is a sign of the times in whatever it is, January of 2021. Because it's so busy, they're held up by title people.Jill DeWit:It's just volume. It's just the amount of deals getting done right now.Steven Butala:Title companies and escrow companies are different. Sometimes they have a title division, but they're usually just escrow companies. Lawyers never have a title component. They always go out to a title company. And title companies, they have a huge problem staffing. Because the title plant people don't get paid that much and they need to be really smart.So that's the real answer, Tiffany. That's really what's happening. There's a huge shortage of title people, not escrow people.Jill DeWit:Right. So anything you can do? Help them, always be available. Like the things that I would do to be different, check in with them. Don't wait for them to check in with you. I would call them a couple of times a week. Maybe twice a week is probably a good number. Because they're busy. And just say, "Where are you in the process? And what do you need from me?"I mean, this is what I do and I have my team do. I always make sure you're not waiting for me. If you're waiting on me, I'm on it kind of thing.Call, find out ahead of time before you open escrow, find out how backed up they are and how long they think it's going to take....