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Foreclosure in VA - michael rafferty/VA
8/3/2011 10:09:02 AM (3288 views)
Re: Foreclosure in VA - STEVE MEINECKE/TN
8/3/2011 11:30:52 AM (5901 views)
Re: Foreclosure in VA - James Hill/VA
8/6/2011 7:41:20 AM (5894 views)

Another Random Question - Brad Bradbury/PA
8/1/2011 8:39:51 PM (3638 views)
Re: Another Random Question - William Pattison /CA
8/2/2011 4:11:33 PM (6282 views)
Re: Another Random Question - Brad Bradbury/PA
8/2/2011 8:46:42 PM (6203 views)
Re: Another Random Question - Patrick Scott/IL
8/3/2011 1:23:33 AM (6111 views)
Re: Another Random Question - Robert Franco/OH
8/3/2011 10:57:31 AM (6060 views)
Re: Another Random Question - Brad Bradbury/PA
8/3/2011 11:29:49 AM (6110 views)
Re: Another Random Question - Patrick Scott/IL
8/3/2011 12:28:11 PM (5948 views)
Re: Another Random Question - Brad Bradbury/PA
8/3/2011 12:53:09 PM (6026 views)
Re: Another Random Question - Robert Franco/OH
8/4/2011 9:46:50 AM (5994 views)
Re: Another Random Question - Brad Bradbury/PA
8/4/2011 10:45:20 AM (5941 views)
Re: Another Random Question - Robert Franco/OH
8/3/2011 12:46:16 PM (6061 views)
Re: Another Random Question - Constance Foye/VA
8/23/2011 12:20:28 AM (5737 views)
Re: Another Random Question - Ron McPherson/IA
8/3/2011 10:52:32 AM (5974 views)
Re: Another Random Question - Sheila Sten/PA
8/4/2011 6:47:26 PM (6084 views)
Re: Another Random Question - Cheryl Hartzman/PA
8/8/2011 3:48:13 AM (5889 views)
Re: Another Random Question - William Pattison /CA
8/8/2011 1:06:22 PM (5845 views)
Re: Another Random Question - J. Newberry, Sr./WI
8/9/2011 12:42:59 PM (5830 views)

Random Question... - Branden Rodgers/OH
8/1/2011 4:29:33 PM (4720 views)
Re: Random Question... - James Powell/MI
8/2/2011 8:13:11 AM (5977 views)
Re: Random Question... - William Pattison /CA
8/2/2011 4:39:30 PM (5822 views)
Re: Random Question... - Bill Garrett/MS
8/8/2011 1:35:45 PM (5651 views)

This is not really about fishing..... - F P/VA
7/31/2011 7:45:20 PM (3589 views)
Two Words: Price Fixing - Scott Perry/PA
7/31/2011 9:32:49 PM (5908 views)
Re: This is not really about fishing..... - Kevin Ahern/CT
8/1/2011 8:19:17 AM (5961 views)
Re: This is not really about fishing..... - F P/VA
8/1/2011 10:50:30 AM (5702 views)

Paying for Title Insurance - Leigh Attridge/MA
7/31/2011 10:29:11 AM (4161 views)




Optional History Classes in Public Schools? - William Pattison /CA
7/29/2011 7:02:10 PM (5033 views)
Re: Optional History Classes in Public Schools? - George Booth/OH
8/2/2011 5:23:29 PM (5754 views)
Re: Optional History Classes in Public Schools? - Leigh Attridge/MA
8/3/2011 8:05:09 AM (5777 views)
Re: Optional History Classes in Public Schools? - William Pattison /CA
8/8/2011 12:49:31 PM (5602 views)

BOA Demolishing Homes - Leigh Attridge/MA
7/28/2011 6:42:24 PM (4595 views)
Re: BOA Demolishing Homes - William Pattison /CA
8/9/2011 2:41:51 PM (5641 views)

Software advice - Rebecca Cowart/MS
7/28/2011 3:49:41 PM (3476 views)
Re: Software advice - mason haas/NY
7/29/2011 11:23:41 AM (6112 views)
Re: Software advice - STEVE MEINECKE/TN
7/31/2011 1:32:27 PM (6054 views)
Re: Software advice - Rocky Morris/TN
8/1/2011 8:53:54 AM (5877 views)
Re: Software advice - Rocky Morris/TN
8/1/2011 8:52:42 AM (5780 views)
Re: Software advice - Michael Graves/FL
8/1/2011 9:30:41 AM (5812 views)
Re: Software advice - Bill Garrett/MS
8/1/2011 10:45:44 AM (5916 views)
Re: Software advice - Rebecca Cowart/MS
8/1/2011 8:02:48 PM (5916 views)

Guaranteed Payment System - Scott Aduddell/MO
7/27/2011 11:07:56 AM (3637 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/27/2011 11:59:06 AM (6045 views)
Re: Guaranteed Payment System - Kym/NJ
7/27/2011 1:21:25 PM (5968 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/27/2011 5:19:26 PM (6093 views)
Re: Guaranteed Payment System - Randolph/VT
7/27/2011 10:08:53 PM (6029 views)
Re: Guaranteed Payment System - Branden Rodgers/OH
7/28/2011 3:27:05 PM (5917 views)
Re: Guaranteed Payment System - Scott Aduddell/MO
7/28/2011 8:38:00 PM (6005 views)
Re: Guaranteed Payment System - Patrick Scott/IL
7/28/2011 11:45:07 PM (5996 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 (5905 views)
Re: Guaranteed Payment System - Branden Rodgers/OH
8/1/2011 3:36:40 PM (5868 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/29/2011 10:43:01 AM (6084 views)
Re: Guaranteed Payment System - William Pattison /CA
8/1/2011 11:47:23 AM (5798 views)
Re: Guaranteed Payment System - John Campbell/CA
2/6/2012 8:16:07 PM (4857 views)
Re: Guaranteed Payment System - Scott Perry/PA
2/8/2012 9:25:08 AM (4614 views)
Re: Guaranteed Payment System - Robert Franco/OH
2/8/2012 10:34:24 AM (4601 views)

Update on New Millenium Title - Leigh Attridge/MA
7/27/2011 8:50:37 AM (3813 views)
Re: Update on New Millenium Title - steve-o title/TX
8/2/2011 4:03:20 PM (5678 views)
Re: Update on New Millenium Title - Stephenie Page/RI
9/7/2011 7:48:20 PM (5236 views)

Day Late & A Dollar Short - New Millenium Title - Leigh Attridge/MA
7/26/2011 8:48:33 AM (4023 views)
Re: Day Late & A Dollar Short - New Millenium Title - Stephen Williams/MO
8/1/2011 6:00:54 PM (5505 views)
Re: Day Late & A Dollar Short - New Millenium Title - Leigh Attridge/MA
8/2/2011 7:57:19 AM (5588 views)

Massachusetts single family home sales post worst June in two decades - Leigh Attridge/MA
7/26/2011 8:31:39 AM (4014 views)

Nxt Generation Title Services - Theresa Ritz/WV
7/25/2011 2:51:21 PM (3507 views)
Re: Nxt Generation Title Services - Chris Meier/OH
7/31/2011 12:00:17 PM (5784 views)
Re: Nxt Generation Title Services - Theresa Ritz/WV
8/23/2011 2:15:56 PM (5108 views)

American Abstract - Jason Knowles/AL
7/25/2011 1:07:22 PM (4265 views)
Re: American Abstract - rod hefner/KS
7/25/2011 2:03:21 PM (5787 views)
Re: American Abstract - William Pattison /CA
7/25/2011 2:36:22 PM (5725 views)
Re: American Abstract - Suzi Wallace/CA
7/25/2011 6:36:22 PM (5708 views)
Re: American Abstract - Ron McPherson/IA
7/25/2011 8:13:41 PM (5688 views)
Different Firms; similar names verified - William Pattison /CA
8/1/2011 11:51:30 AM (5438 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 (3166 views)
Hard to believe - Kristine Bjorge/OR
7/25/2011 12:20:02 PM (5030 views)


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