Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | hide all replies



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 (5969 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 (6030 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 (5997 views)
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 (6085 views)
Re: Guaranteed Payment System - William Pattison /CA
8/1/2011 11:47:23 AM (5798 views)

   Some of this depends on the client base.  There are 3 primary sorts of clients that we have and we do deal with each a bit differently when it comes to pay:

1.  The "man off the street" client is the homeowner, lawyer, historical association or other individual seeking a full title chain (usually for a zoning permit, or building permit, or simple history on a home).  This client is a 1-timer whose good will can bring in future business by referral.  However, getting the client request in email with a clear, explicit written agreement to pay is the first rule of business and has ever failed to garner payment, so despite frequent offers by people to "pay up front", I never find this necessary with the Common Man.

2.  The regular corporate client who offers repeat business through ongoing contracts.  I no longer offer this as an option, as these aggregate firms take $250 from a homeowner, farm the project out to us for $100, and yet expect to get $250 worth of work.  It cheats the homeowner out of quality.  BUT, when we did do this, we always rewrote their contracts to offer our terms, usually to have the contract rejected.  The few that accepted and signed did so, and did not like the retainer on deposit requirement, late penalties, and added fees for copies that they wanted for free.  I guess that RTFD was lost on them.  lol

 3.  Corporate clients who normally use vendor agreements still approach us because nobody else can or will do the research, so they are forced to pay our set rates, instead of their $100 fees.  This is always uncomfortable & unpleasant involving whining and crying on their part.  We have them prepay the research cost, and offer them doc copies at-cost.  Since we can inspect, digitally photograph and otherwise abstract Official Records at zero-cost at the county offices, we have no overhead for this and so copies are optional, and they can get them from other resources cheaper, sometimes.

 Solutions:

A.  Watermark your report pages and records copies with copyright and address.

B.  Get everything in writing by email including agreement to pay.  Get the client's name, address, email, phone, fax and contact agent name in the same email chain and include the email history as an Exhibit / addendum to your report.

C.  Check the abstractor forums:  wait 30 minutes before responding or tell the client that you'll call back in an hour.  This will give you time to check out their reputation for payment.  If they look bad, charge more and have them pay 50% up front, or refuse the job.  Really.  Are you so desperate that you want to work knowingly without pay coming?  

D.  Don't get in the middle of crappy vendor agreements;  charge your rates for your professional services, not somebody's "vendor" rate.  Remember, the only vendor search you will get is into old microfilm, microfiche, and books prior to 1985, because they can't get title cheaply online.  Why work hours for a $40 set rater with copies included when the deed is in 1932?

 E.  Have them give you a retainer worth a few searches that you can put on deposit in case of their payment default.  They are businesses with money, and your fee should not be contingent upon any "close of escrow" event;  they can pay you.  The homeowners and buyers are NOT your client;  they are theirs.  Your client is the firm that contacted you for a search.

 

 

to post a reply: login - or - register


Re: Guaranteed Payment System - John Campbell/CA
2/6/2012 8:16:07 PM (4858 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 (5439 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)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8975 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Beneath Every Closing Lies a Story
Michael Stelzer's Blog
2026/07/18
0 comments

Residential Appraisers: Reclaim Your Time
Will Duncan 's Blog
2026/07/09
0 comments

ATTENTION CIOs, CTOs, VENDOR MANAGERS, AND SUPPLIER MANAGERS
Will Duncan 's Blog
2026/06/15
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

MISMO to Launch FRAME Interactive Workshop, Put AI Governance into Practice
"Everyone is trying to figure out how to use AI effectively, but just as importantly, how to do it responsibly," said MI...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Following last week’s spike in oil prices, mortgage rates moved higher, with the 30-year fixed rate increas...
Foreign Buyers Purchased $45.3 Billion Worth of U.S. Homes from April '25 to March '26
“The decline in foreign home buyer activity mirrors the decline in international visitors and tourists to the Unit...
Second Century Ventures Announces 8 Companies for 2026 REACH Commercial Scale-Up Program
Second Century Ventures, the strategic investment arm of the National Association of REALTORS® and the most active ...
New Home Sales Edge Higher as Affordability Challenges Persist
“New home sales are gaining some momentum at the more affordable range of the market, with homes priced below $300...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.