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[-] Example of a Professional - K C/NJ (6 replies)
7/12/2011 5:38:53 PM (3678 views)
Re: Example of a Professional - Leigh Attridge/MA
7/12/2011 6:36:34 PM (4697 views)
Re: Example of a Professional - Carrin Reeves/TX
7/13/2011 2:46:58 PM (4715 views)
Re: Example of a Professional - Alix Ott/MI
7/18/2011 8:10:28 AM (4493 views)
Re: Example of a Professional - William Pattison /CA
7/20/2011 12:17:32 PM (4398 views)
Re: Example of a Professional - TLA/PA
7/18/2011 7:06:19 PM (4529 views)
Professionals and Standards Reviewed - William Pattison /CA
7/19/2011 12:55:35 PM (4551 views)

I have long had a problem with firms that "farm out" research projects in this  manner.  While it is an expected competitive outgrowth, it has a few potential pitfalls.

 To illustrate one problematic area, let's use this example:

Homeowner pays ABC Abstract $250 for a title report, since he's seeking a zoning variance for an addition to his home (his city requires a title report to grant the permit).

ABC sends the order to XYZ Research for $150.  XYZ Research has offered researchers in Abbazaba County, Arkansas a bulk contract at $40 per lot for 60-year work.

The end client who is the Homeowner is not getting $250 in research work.  He is getting $40 worth of research work down-line.

 This situation is part and parcel to the reason that India's data firms are getting traction in our  market;  we've created a middle-management industry that takes a "cut" at each level.  The economies of scale and internet-age technology allows us to create these middlemen firms.

 I've ranted against these sorts of contracts before.  I prefer to deal with the end client directly and I do not let my firm become involved in such projects.  The only exceptions to this are "friends" in the industry whom I will take a quick project from and do it for free to help them out.  Otherwise, the time in travel, cost of documents, and amount of time spent billing $40 for a project that would cost me $70 to do is insane economics which don't add up.

 

 

 

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[+] Non-payment and constantly short - Pat/WV (9 replies)
7/12/2011 4:50:18 PM (3410 views)

[+] expunging sats by placing legal notice in paper - mason haas/NY (3 replies)
7/12/2011 12:02:46 PM (4160 views)

Dead Ox Flat, Malheur County, Oregon - Leigh Attridge/MA
7/12/2011 11:31:09 AM (3724 views)

[+] Forgive this rant, I got annoyed; this is the e-mail I wanted to send!! - CHARLENE  PERRY/MD (2 replies)
7/12/2011 10:58:38 AM (3008 views)




[+] Judgment / tax lien question for you - MS/IL (4 replies)
7/11/2011 5:23:21 PM (3185 views)

[+] Comment on "Fidelity to Pay $4.5 Million Settlement for RESPA Violations" - Source of Title/OH (2 replies)
7/11/2011 5:12:16 PM (3098 views)

UTLS UnitedTech Lender Services - Phil McLean/CO
7/8/2011 1:54:43 PM (3004 views)

One Stop Real Estate Services - Diane O'Neill/MI
7/8/2011 12:30:13 PM (2770 views)

[+] "Motor City" 1917 - Leigh Attridge/MA (2 replies)
7/7/2011 1:14:51 PM (3917 views)

Article about John O'Brien, ROD on Huffington Post - Leigh Attridge/MA
7/6/2011 11:17:26 AM (3301 views)

[+] Looking for some advice on claims and E & O insurance - Samantha/IL (16 replies)
7/5/2011 8:39:40 PM (3394 views)

[+] Non paying clients - Kelli Marske/MI (13 replies)
7/5/2011 8:35:52 AM (3389 views)

HUD foreclosure delayed - CHARLENE  PERRY/MD
6/30/2011 11:28:22 PM (2501 views)

Mortgage Executive Receives 30 year Sentence - Leigh Attridge/MA
6/30/2011 5:03:23 PM (3445 views)


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