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to post a message: login - or - register | search messages | hide all replies



Software advice - Rebecca Cowart/MS
7/28/2011 3:49:41 PM (3352 views)
Re: Software advice - mason haas/NY
7/29/2011 11:23:41 AM (5637 views)
Re: Software advice - STEVE MEINECKE/TN
7/31/2011 1:32:27 PM (5580 views)
Re: Software advice - Rocky Morris/TN
8/1/2011 8:53:54 AM (5388 views)
Re: Software advice - Rocky Morris/TN
8/1/2011 8:52:42 AM (5260 views)
Re: Software advice - Michael Graves/FL
8/1/2011 9:30:41 AM (5321 views)
Re: Software advice - Bill Garrett/MS
8/1/2011 10:45:44 AM (5372 views)
Re: Software advice - Rebecca Cowart/MS
8/1/2011 8:02:48 PM (5441 views)

Guaranteed Payment System - Scott Aduddell/MO
7/27/2011 11:07:56 AM (3520 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/27/2011 11:59:06 AM (5550 views)
Re: Guaranteed Payment System - Kym/NJ
7/27/2011 1:21:25 PM (5463 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/27/2011 5:19:26 PM (5606 views)
Re: Guaranteed Payment System - Randolph/VT
7/27/2011 10:08:53 PM (5554 views)
Re: Guaranteed Payment System - Branden Rodgers/OH
7/28/2011 3:27:05 PM (5447 views)
Re: Guaranteed Payment System - Scott Aduddell/MO
7/28/2011 8:38:00 PM (5541 views)
Re: Guaranteed Payment System - Patrick Scott/IL
7/28/2011 11:45:07 PM (5534 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 (5365 views)
Re: Guaranteed Payment System - Branden Rodgers/OH
8/1/2011 3:36:40 PM (5396 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/29/2011 10:43:01 AM (5561 views)
Re: Guaranteed Payment System - William Pattison /CA
8/1/2011 11:47:23 AM (5308 views)
Re: Guaranteed Payment System - John Campbell/CA
2/6/2012 8:16:07 PM (4380 views)
Re: Guaranteed Payment System - Scott Perry/PA
2/8/2012 9:25:08 AM (4146 views)
Re: Guaranteed Payment System - Robert Franco/OH
2/8/2012 10:34:24 AM (4164 views)

Update on New Millenium Title - Leigh Attridge/MA
7/27/2011 8:50:37 AM (3633 views)
Re: Update on New Millenium Title - steve-o title/TX
8/2/2011 4:03:20 PM (5120 views)
Re: Update on New Millenium Title - Stephenie Page/RI
9/7/2011 7:48:20 PM (4773 views)

Day Late & A Dollar Short - New Millenium Title - Leigh Attridge/MA
7/26/2011 8:48:33 AM (3903 views)
Re: Day Late & A Dollar Short - New Millenium Title - Stephen Williams/MO
8/1/2011 6:00:54 PM (5060 views)
Re: Day Late & A Dollar Short - New Millenium Title - Leigh Attridge/MA
8/2/2011 7:57:19 AM (5098 views)

Massachusetts single family home sales post worst June in two decades - Leigh Attridge/MA
7/26/2011 8:31:39 AM (3886 views)


Real Title Services


Nxt Generation Title Services - Theresa Ritz/WV
7/25/2011 2:51:21 PM (3391 views)
Re: Nxt Generation Title Services - Chris Meier/OH
7/31/2011 12:00:17 PM (5366 views)
Re: Nxt Generation Title Services - Theresa Ritz/WV
8/23/2011 2:15:56 PM (4676 views)

American Abstract - Jason Knowles/AL
7/25/2011 1:07:22 PM (4109 views)
Re: American Abstract - rod hefner/KS
7/25/2011 2:03:21 PM (5362 views)
Re: American Abstract - William Pattison /CA
7/25/2011 2:36:22 PM (5137 views)
Re: American Abstract - Suzi Wallace/CA
7/25/2011 6:36:22 PM (5240 views)
Re: American Abstract - Ron McPherson/IA
7/25/2011 8:13:41 PM (5258 views)
Different Firms; similar names verified - William Pattison /CA
8/1/2011 11:51:30 AM (4983 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 (3052 views)
Hard to believe - Kristine Bjorge/OR
7/25/2011 12:20:02 PM (4595 views)

Ameristar - WAYNE QUICK/NC
7/25/2011 10:42:57 AM (3587 views)
Re: Ameristar - Kristine Bjorge/OR
7/25/2011 1:03:21 PM (4963 views)
Re: Ameristar - Jason Knowles/AL
7/25/2011 1:09:45 PM (4825 views)
Re: Ameristar - Sharon Yahraes/ID
7/25/2011 1:16:12 PM (5077 views)
Re: Ameristar - WAYNE QUICK/NC
7/25/2011 2:28:54 PM (4840 views)

Payoff statement & title insurance - Amir Athari/TX
7/25/2011 10:07:32 AM (2816 views)

The Banks Still Want a Waiver - Leigh Attridge/MA
7/24/2011 5:54:27 PM (3549 views)

Docs RN - General Annoucement - Gerry/TN
7/24/2011 12:15:13 AM (5218 views)
Re: Docs RN - General Annoucement - Abstractor/AL
7/25/2011 1:23:27 PM (4691 views)
Re: Docs RN - General Annoucement - Abstractor/CA
2/6/2012 8:11:15 PM (3634 views)

Abstrax llc / Linear Title - LEO POVEDA/CA
7/22/2011 4:36:47 PM (4628 views)
Re: Abstrax llc / Linear Title - Leigh Attridge/MA
7/23/2011 12:58:23 PM (5382 views)
Re: Abstrax llc / Linear Title - LEO POVEDA/CA
7/23/2011 2:11:20 PM (5705 views)
Re: Abstrax llc / Linear Title - Kathleen Truax/WI
7/25/2011 10:36:12 AM (5017 views)
Re: Abstrax llc / Linear Title - Jason Knowles/AL
7/25/2011 1:03:01 PM (5051 views)
Re: Abstrax llc / Linear Title - Leigh Attridge/AK
7/25/2011 1:11:27 PM (5348 views)
Re: Abstrax llc / Linear Title - Kathleen Truax/WI
7/25/2011 3:17:33 PM (5195 views)
Re: Abstrax llc / Linear Title - Brandon/MI
7/27/2011 11:38:37 AM (5104 views)
Re: Abstrax llc / Linear Title - Ron McPherson/IA
7/25/2011 7:37:02 PM (5145 views)
Re: Abstrax llc / Linear Title - Brandon/MI
8/4/2011 11:17:10 AM (4895 views)
Re: Abstrax llc / Linear Title - MELISA LISK/MI
9/1/2011 12:28:21 PM (4594 views)

Countrywide to Repay Borrowers - Leigh Attridge/MA
7/21/2011 4:21:03 PM (3632 views)

Comment on "Robo-Signing: Business as usual" - Source of Title/OH
7/21/2011 3:12:11 PM (2939 views)
smoking gun - William Pattison /CA
7/21/2011 3:12:11 PM (4361 views)


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