Real Title Services
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 | show all replies



Title Assurance & Indemnity Corp. of NA Cleveland, OH - MIchael Lanin/KY
2/3/2009 1:01:36 PM (2546 views)

[+] The Law Firm of Crystal Lowery - Edward Huguenin/SC (4 replies)
2/1/2009 8:20:52 AM (3697 views)

[-] What is considered slow pay? - no name/MI (2 replies)
1/30/2009 12:50:38 PM (3302 views)
Re: What is considered slow pay? - Jessica Talley/NJ
1/30/2009 12:59:33 PM (3989 views)
Re: What is considered slow pay? - Kevin Ahern/CT
1/30/2009 1:33:34 PM (4254 views)

The norm is what works best for you not necessarily your client. In this economy it is best to keep new clients on a short leash  and a limited line of credit until they prove themselves. You might want to consider an accommodation to your good clients with a demonstrated track record of timely payment. However, do it sparingly. If you check the older posts on SOT you will read of cases where even once good clients became problem clients. Remember, there is no loyalty in this business. You are only as good as your last title search, and a client will turn on you as soon as he finds an abstractor that will do the same work for $5.00 less.

I have seen several VM's or Title Companies advertising who made it seem that they are offering a good deal. Promises of high volume in return for discounts which either never materialize or decline a short time thereafter. It turns out that they are offering to pay less for a title search than the market value two years earlier. ...most of it would go into your gas tank. So in addition to timely payment...there has to be a reasonable profit.

In Connecticut the slow pay/no pay/volume discounts don't work because of our political organization. We do not have any county government. In most states the land records are kept in a county court house. In these states an abstractor can spend the entire day at a single court house, and perform 3 or 4 searches. In Connecticut we more than  100 cities and towns each of which maintains its own land records. Connecticut abstractors spend a lot of time on the road traveling between town halls each day. To do the same 3 or 4 title searches the Connecticut  abstractor may lose 2 hours of search time simply traveling from one town hall to the next. Someone called me a few weeks ago , and asked if I would do a current owner search for $45.00. It was laughable.  Four years earlier that same search would have cost them $75.00.

to post a reply: login - or - register



[+] Probate Question - Helene /GA (7 replies)
1/29/2009 11:50:27 PM (3175 views)

[+] Preview of Coming Attractions? - Scott Perry/PA (11 replies)
1/29/2009 10:53:59 PM (4933 views)




[+] The Bankruptcy Club - AbstractorWatchdog com/NY (8 replies)
1/29/2009 2:56:14 PM (3533 views)

[+] MONEY OWED - quinn cioffi/PA (2 replies)
1/28/2009 2:38:15 PM (3556 views)

New Real Estate Numbers Are Out - AbstractorWatchdog com/NY
1/28/2009 2:25:36 PM (4351 views)

[+] Snow Day! - Robert Franco/OH (13 replies)
1/28/2009 12:39:37 PM (3153 views)

[+] NALTEA - AbstractorWatchdog com/NY (2 replies)
1/28/2009 12:13:09 PM (3009 views)

Buckeye Land Abstract - Sybil East/GA
1/27/2009 12:54:18 PM (3354 views)

Another NON-Payer - Kurt deVries/FL
1/27/2009 12:19:30 PM (2990 views)

[+] Title Insurance - AbstractorWatchdog com/NY (3 replies)
1/27/2009 10:54:55 AM (3268 views)

[+] Infotrack Information Services - Edward Huguenin/SC (3 replies)
1/27/2009 7:12:47 AM (3405 views)

[+] gdocs / Boondocs BK info - george Hubka/MI (6 replies)
1/23/2009 10:49:37 PM (3389 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:

Practical Obscurity, Revisited
Blurbs from the Bossman
2026/08/06
0 comments

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

Articles

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

Multifamily Developer Confidence Weakens in Second Quarter
“It is clear that supply-side headwinds continue to weigh on multifamily developer sentiment,” said NAHB Chi...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“In the wake of the July FOMC meeting, longer-term rates increased, with mortgage rates reaching their highest lev...
Home Prices Increased in 80% of Metro Areas in Second Quarter of 2026
“Home sales increased despite mortgage rates rising. This testifies to the potential housing demand building up fr...
Hopdox Opens eRecording in Glades County, Florida, Advancing Mission to Bring eRecording to Every County Nationwide
“One of the reasons I founded Hopdox was because I believe every county should have access to the benefits of eRec...
Radian Advances Strategic Transformation to Global Multi-Line Specialty Insurer with Sale of Real Estate Services Business and Agreement to Sell Title Business
Radian Group Inc. today announced that it has completed the sale of its Real Estate Services business to PLACE, a real e...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.