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Guaranteed Payment System - Scott Aduddell/MO
7/27/2011 11:07:56 AM (3301 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/27/2011 11:59:06 AM (4867 views)
Re: Guaranteed Payment System - Kym/NJ
7/27/2011 1:21:25 PM (4802 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/27/2011 5:19:26 PM (4943 views)
Re: Guaranteed Payment System - Randolph/VT
7/27/2011 10:08:53 PM (4901 views)
Re: Guaranteed Payment System - Branden Rodgers/OH
7/28/2011 3:27:05 PM (4791 views)
Re: Guaranteed Payment System - Scott Aduddell/MO
7/28/2011 8:38:00 PM (4854 views)
Re: Guaranteed Payment System - Patrick Scott/IL
7/28/2011 11:45:07 PM (4865 views)

I think I may be missing something here.  Is the client actually releasing funds into an escrow account, to be held until the agreed upon payment date?  And, if so, who controls the escrow account(s)?  Is that how the client commits to payment?

If the client is required to release funds prior to downloading the search, then the money's gone.  So why not pay the abstractor right then and there?  Why wait until some future date?  Unless, that's how you would earn your profit, from interest on the account(s), in which case, I applaud your ingenuity.

I doubt, however, that it will ever get off the ground.  There are any number of reasons why the client does not pay the abstractor up front.  And I don't think adding an extra step for them to get their product is going to do much to induce them to turn their accounting systems upside down, as well as their order production and management systems - which often involve the abstractor typing the report directly into their system. 

I would not be the first to sign on to your program, because then I, and those who join me as your clients, are going to lose half of our customers right off the bat. 

And what about this?  If you control all that money destined for abstractors, what's to stop you from running off with it at some point?  Wouldn't be the first time an escrow account was raided.

Nice idea.  And good for you, thinking outside the box.  Unless I'm misunderstanding how it would work, which would not be the first time, it ain't gonna happen.

 

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Re: Guaranteed Payment System - Scott Aduddell
8/1/2011 4:45:24 PM (4667 views)
Re: Guaranteed Payment System - Branden Rodgers/OH
8/1/2011 3:36:40 PM (4717 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/29/2011 10:43:01 AM (4866 views)
Re: Guaranteed Payment System - William Pattison /CA
8/1/2011 11:47:23 AM (4619 views)
Re: Guaranteed Payment System - John Campbell/CA
2/6/2012 8:16:07 PM (3646 views)
Re: Guaranteed Payment System - Scott Perry/PA
2/8/2012 9:25:08 AM (3465 views)
Re: Guaranteed Payment System - Robert Franco/OH
2/8/2012 10:34:24 AM (3482 views)

Update on New Millenium Title - Leigh Attridge/MA
7/27/2011 8:50:37 AM (3455 views)
Re: Update on New Millenium Title - steve-o title/TX
8/2/2011 4:03:20 PM (4442 views)
Re: Update on New Millenium Title - Stephenie Page/RI
9/7/2011 7:48:20 PM (4087 views)

Day Late & A Dollar Short - New Millenium Title - Leigh Attridge/MA
7/26/2011 8:48:33 AM (3740 views)
Re: Day Late & A Dollar Short - New Millenium Title - Stephen Williams/MO
8/1/2011 6:00:54 PM (4449 views)
Re: Day Late & A Dollar Short - New Millenium Title - Leigh Attridge/MA
8/2/2011 7:57:19 AM (4467 views)

Massachusetts single family home sales post worst June in two decades - Leigh Attridge/MA
7/26/2011 8:31:39 AM (3690 views)

Nxt Generation Title Services - Theresa Ritz/WV
7/25/2011 2:51:21 PM (3213 views)
Re: Nxt Generation Title Services - Chris Meier/OH
7/31/2011 12:00:17 PM (4786 views)
Re: Nxt Generation Title Services - Theresa Ritz/WV
8/23/2011 2:15:56 PM (4116 views)




American Abstract - Jason Knowles/AL
7/25/2011 1:07:22 PM (3912 views)
Re: American Abstract - rod hefner/KS
7/25/2011 2:03:21 PM (4787 views)
Re: American Abstract - William Pattison /CA
7/25/2011 2:36:22 PM (4553 views)
Re: American Abstract - Suzi Wallace/CA
7/25/2011 6:36:22 PM (4636 views)
Re: American Abstract - Ron McPherson/IA
7/25/2011 8:13:41 PM (4676 views)
Different Firms; similar names verified - William Pattison /CA
8/1/2011 11:51:30 AM (4388 views)

Comment on "Foreclosure Mills Create Title Problems That Can Be Difficult To Cure or Insure" - Source of Title/OH
7/25/2011 12:20:02 PM (2892 views)
Hard to believe - Kristine Bjorge/OR
7/25/2011 12:20:02 PM (4064 views)

Ameristar - WAYNE QUICK/NC
7/25/2011 10:42:57 AM (3371 views)
Re: Ameristar - Kristine Bjorge/OR
7/25/2011 1:03:21 PM (4467 views)
Re: Ameristar - Jason Knowles/AL
7/25/2011 1:09:45 PM (4338 views)
Re: Ameristar - Sharon Yahraes/ID
7/25/2011 1:16:12 PM (4589 views)
Re: Ameristar - WAYNE QUICK/NC
7/25/2011 2:28:54 PM (4353 views)

Payoff statement & title insurance - Amir Athari/TX
7/25/2011 10:07:32 AM (2604 views)

The Banks Still Want a Waiver - Leigh Attridge/MA
7/24/2011 5:54:27 PM (3338 views)

Docs RN - General Annoucement - Gerry/TN
7/24/2011 12:15:13 AM (5032 views)
Re: Docs RN - General Annoucement - Abstractor/AL
7/25/2011 1:23:27 PM (4248 views)
Re: Docs RN - General Annoucement - Abstractor/CA
2/6/2012 8:11:15 PM (3182 views)

Abstrax llc / Linear Title - LEO POVEDA/CA
7/22/2011 4:36:47 PM (4457 views)
Re: Abstrax llc / Linear Title - Leigh Attridge/MA
7/23/2011 12:58:23 PM (4966 views)
Re: Abstrax llc / Linear Title - LEO POVEDA/CA
7/23/2011 2:11:20 PM (5284 views)
Re: Abstrax llc / Linear Title - Kathleen Truax/WI
7/25/2011 10:36:12 AM (4578 views)
Re: Abstrax llc / Linear Title - Jason Knowles/AL
7/25/2011 1:03:01 PM (4645 views)
Re: Abstrax llc / Linear Title - Leigh Attridge/AK
7/25/2011 1:11:27 PM (4924 views)
Re: Abstrax llc / Linear Title - Kathleen Truax/WI
7/25/2011 3:17:33 PM (4768 views)
Re: Abstrax llc / Linear Title - Brandon/MI
7/27/2011 11:38:37 AM (4656 views)
Re: Abstrax llc / Linear Title - Ron McPherson/IA
7/25/2011 7:37:02 PM (4741 views)
Re: Abstrax llc / Linear Title - Brandon/MI
8/4/2011 11:17:10 AM (4640 views)
Re: Abstrax llc / Linear Title - MELISA LISK/MI
9/1/2011 12:28:21 PM (4149 views)

Countrywide to Repay Borrowers - Leigh Attridge/MA
7/21/2011 4:21:03 PM (3450 views)

Comment on "Robo-Signing: Business as usual" - Source of Title/OH
7/21/2011 3:12:11 PM (2753 views)
smoking gun - William Pattison /CA
7/21/2011 3:12:11 PM (3955 views)

What to pay a sales rep? - Ray Young/GA
7/20/2011 5:22:57 PM (2884 views)
Re: What to pay a sales rep? - Donna McCullough/SC
7/20/2011 7:07:28 PM (4145 views)
Re: What to pay a sales rep? - Ray Young/GA
7/21/2011 3:50:36 PM (3873 views)


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