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Bank of America Gets Pad Locked After Homeowner Forecloses On It - Edward Huguenin/SC
6/5/2011 2:22:12 AM (3838 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Jessica Talley/FL
6/5/2011 7:50:14 PM (3264 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Abstractor/GA
6/5/2011 9:05:18 PM (3226 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Jessica Talley/FL
6/6/2011 7:20:53 AM (3107 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Ron McPherson/IA
6/6/2011 5:37:19 PM (3064 views)
Re: Bank of America Gets Pad Locked After Homeowner Forecloses On It - Jessica Talley/FL
6/7/2011 5:50:22 AM (3031 views)

FOX & SPADER A/K/A FS ENTERPRISES A/K/A RISK MANAGEMENT SOLUTIONS - Paul /FL
6/4/2011 8:15:00 PM (3067 views)
Re: FOX & SPADER A/K/A FS ENTERPRISES A/K/A RISK MANAGEMENT SOLUTIONS - Rita Killary/NY
6/6/2011 9:28:58 AM (3241 views)
Re: FOX & SPADER A/K/A FS ENTERPRISES A/K/A RISK MANAGEMENT SOLUTIONS - Sandra Smith/FL
6/6/2011 9:45:52 AM (3215 views)

7 years ??? - monica froese/ME
6/3/2011 7:18:48 PM (3013 views)
Re: 7 years ??? - Ron McPherson/IA
6/3/2011 9:22:37 PM (3243 views)
Re: 7 years ??? - Robert Franco/OH
6/4/2011 12:10:50 PM (3347 views)

Thanks Rob at Watchdog - Nils Nelson/ME
6/2/2011 4:46:51 PM (2446 views)

I don't get it - Nils Nelson/ME
6/2/2011 4:16:10 PM (3013 views)
Re: I don't get it - William Pattison /CA
6/6/2011 11:20:31 PM (2941 views)

These "vendor firms" are a study in how a domestic market pushes back against off-shoring competition, as well as an interesting experiment in modern digital communcation.

I've encountered many problems with them:

1.  Contradictory terms in their service contracts that nobody seems able to fix (the send them out through low level managers who have no authority to modify or negotiate the contract).

2.  Their fixed pricing is too high to compete with $6 in India, but too low to pay a reasonable rate for what they expect of the abstractor, often not paying for county copy costs and asking for 50-year searches for pennies on the dollar.

3.  Many do not understand the distinction between an independent contractor, an employee and ordering a set report product from another business, including the copyright issues that can come with each of those different classifications.

4.  Some of them have taken the same vendor contract and reused it with the company name changed.   The original had spelling and grammar errors, not to mention poorly written terms that are either unenforcable, outside the bounds of good standards and practices for our industry, or simply unintelligible as to their intent.  Some of the provisions put a burden on the abstractor that is harsh;   no payment without a pile of checks with no counter-checks in place for the abstractor's peace of mind.

5.  These contracts create a lowest common denominator for service.  Added bonus materials that I'll put into any report for a client at no added cost in time or money would be omitted from such vendor packages due to the liability in confusion that we've often run into with their sometimes poorly educated staff.  Too much hassle and headache to deal with this sort of drama.

 

I recommend rejecting these vendor proposals, raising  your rates, pounding the pavement harder and over a wider range of geographic territoriy and product offerings and referring people to other abstractors from SOT when a request falls outside your ability.  It's what we do and we are not bound by weird non-compete, non-disclose terms or nonpaying vendor firms. 

Capitalism is marked by competion, not cooperation.

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Real Title Services


Comment on "It Sometimes Pays to Check a Map" - Source of Title/OH
6/2/2011 1:07:35 PM (2764 views)
Importance of correct filings - Jeanine Johnson/MN
6/2/2011 1:07:35 PM (2969 views)
Re: Importance of correct filings - William Pattison /CA
6/6/2011 11:23:17 PM (2993 views)

Accurate Group - Sandra Harold/KS
6/2/2011 9:28:47 AM (4067 views)
Re: Accurate Group - Angela Miller/WI
6/2/2011 9:39:47 AM (4155 views)
Re: Accurate Group - Chris/AK
6/2/2011 2:27:49 PM (3839 views)
Re: Accurate Group - Ron McPherson/IA
6/2/2011 9:51:50 PM (3700 views)
Re: Accurate Group - Dan Zook/NY
6/3/2011 10:45:27 AM (3734 views)
Re: Accurate Group - Garret  Fitzgerald/VA
6/6/2011 4:07:23 PM (3190 views)
Re: Accurate Group - Ron McPherson/IA
6/6/2011 5:32:26 PM (3258 views)
Re: Accurate Group - T/PA
7/18/2011 7:48:24 PM (3339 views)
Re: Accurate Group - Chris Byron/NC
8/3/2011 11:55:21 AM (3370 views)
Re: Accurate Group - K C/NJ
4/15/2013 12:26:12 PM (2173 views)

National Settlement Services & Compliance Summit - CHARLENE  PERRY/MD
6/1/2011 2:54:31 PM (2436 views)

"Renter Nation? - Give Me a Break" - Leigh Attridge/MA
6/1/2011 1:59:41 PM (2937 views)

ROBO SIGNING NOT THE ONLY ISSUE -CHECK OUT THIS SHOW CAUSE ORDER - CHARLENE  PERRY/MD
6/1/2011 12:20:44 PM (2293 views)

ROBO SIGNING NOT THE ONLY ISSUE -CHECK OUT THIS SHOW CAUSE ORDER - CHARLENE  PERRY/MD
6/1/2011 12:18:38 PM (2525 views)

DelShah Capital - Ron Neeley/TN
6/1/2011 11:55:53 AM (2870 views)
Re: DelShah Capital - Carrin /TX
6/9/2011 7:06:49 PM (2885 views)

Comment on "Michigan Legislature Mulls Impact of Illegal MERS Foreclosures" - Source of Title/OH
5/31/2011 6:53:19 PM (2814 views)
Sideline Announcers - J. H./OH
5/31/2011 6:53:19 PM (3212 views)
Re: Sideline Announcers - Slade Smith/OH
6/1/2011 5:02:14 PM (3166 views)

House Prices Fall to New Post-Bubble Low as More Rent - Leigh Attridge/MA
5/31/2011 4:21:42 PM (3131 views)

ValuAmerica - Carrin/TX
5/27/2011 9:49:34 PM (3564 views)
Re: ValuAmerica - Leigh Attridge/MA
5/27/2011 10:24:23 PM (3804 views)
Re: ValuAmerica - Anthony BROWNN/VA
5/31/2011 9:45:01 AM (3455 views)
Re: ValuAmerica - Leigh Attridge/MA
5/31/2011 11:04:11 AM (3484 views)
Re: ValuAmerica - David Marks/VA
6/1/2011 8:36:20 AM (3652 views)
Re: ValuAmerica - Kevin Ahern/CT
6/1/2011 10:18:47 AM (3453 views)
Re: ValuAmerica - Leigh Attridge/MA
6/1/2011 11:53:07 AM (3262 views)
Re: ValuAmerica - Kym/NJ
6/3/2011 1:26:14 PM (3229 views)
Re: ValuAmerica - Leigh Attridge/MA
6/3/2011 3:13:47 PM (3315 views)
Re: ValuAmerica - Kevin Ahern/CT
6/4/2011 10:48:29 AM (3424 views)
Re: ValuAmerica - Carrin/TX
6/5/2011 2:04:12 PM (3225 views)
Re: ValuAmerica - Teri Carro
6/6/2011 10:04:21 AM (3338 views)
Re: ValuAmerica - Garret  Fitzgerald/VA
6/6/2011 4:13:08 PM (3215 views)
Re: ValuAmerica - Carrin/TX
6/6/2011 9:44:05 PM (3214 views)
Re: ValuAmerica - Garret  Fitzgerald/VA
6/7/2011 2:39:19 AM (3089 views)


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