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[-] Leeches are still out there! - Kurt deVries/FL (10 replies)
10/17/2008 10:54:45 AM (4339 views)
Re: Leeches are still out there! - Kevin Ahern/CT
10/17/2008 12:43:44 PM (6402 views)
Re: Leeches are still out there! - Robert Franco/OH
10/17/2008 1:31:52 PM (6393 views)
Re: Leeches are still out there! - Kurt deVries/FL
10/17/2008 5:06:56 PM (6230 views)
Re: Leeches are still out there! - Kimberly Gray/AR
10/17/2008 1:55:00 PM (6256 views)
Re: Leeches are still out there! - Clanci Nelson/OH
10/17/2008 3:13:37 PM (6245 views)
Re: Leeches are still out there! - Robert Breakell/CT
10/17/2008 4:12:06 PM (6105 views)
Re: Leeches are still out there! - Jean Allen/NC
10/17/2008 5:13:04 PM (6217 views)
Re: Leeches are still out there! - ANTHONY MUZIO/NY
10/19/2008 11:06:32 AM (6152 views)
Re: Leeches are still out there! - Gary Capello/OH
10/27/2008 9:03:44 AM (6158 views)
Re: Leeches are still out there! - Miriam Rolles/IN
10/27/2008 1:08:45 PM (5882 views)

 

 
My belief on this is that the abstractor may not be an independent abstractor...They may be an Abstract Company that hires in-house salary abstractors @ say $12 to 15 per hour...not per order like we do.
This type of searching company squashes out the independent researchers; because they have so much volume they are able to give quite a discounted price to the Title Company. 
I have been told - the Title Company / client is told they will only get the reduced discounted fees if they give them ALL of the counties that they do research in. 
So, if the Abstract Company that hires a SALARY employee to go into a county ALL day @ 12 to 15 dollars per hour; the daily cost is aprox. $96.00 to $120.00 a day. The Abstract Company covers - say 8 counties; and their salary searcher is in 2 or 3 counties everyday; & say they could get maybe 10 to 20 orders completed in a day...
Cost to the Abstract Company is aprox. $96.00 to $120.00 bucks. 
The Bill to the Title Company is $ 320.00 for 20 orders @$ 16.00. >  Or the more common rate is around $30 dollars per order...that is $600.00 per day .
$320.00 for 20 orders @$ 16.00 minus  - $120.00 is still a profit of 200 dollars a day for the Searching Company based on that one Salary researcher. So if they have more than say - even 4 on staff.  We independents will continue to fight this losing battle with our pricing.
 
Maybe I’m wrong but you do the math…
I continue to have faith that if you do a good job, have outstanding customer service and your client knows you care about their needs - they eventually will come back.
Most large searching companies don’t train their Abstractors well - they train them too quickly and the Carpetbaggers will screw up , cause their client a lien and you will be getting a call back because they miss your exceptional service…
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[+] Social Security & DL info in recordings - Glenda Hodge/TN (4 replies)
10/16/2008 5:58:46 PM (3935 views)

[+] Washington Mutual Thief amoung us! - Miriam Shoaff/IN (5 replies)
10/16/2008 10:40:45 AM (5896 views)

[+] Government BailOut - Work???? - Scott Aduddell/MO (43 replies)
10/16/2008 10:03:06 AM (3999 views)

[+] Beware of Mid-Atlantic Title - Bruce Murch/VA (2 replies)
10/15/2008 10:20:46 PM (4329 views)




[+] Can we file liens? - Kurt deVries/FL (1 reply)
10/15/2008 10:09:00 AM (4121 views)

[+] Pro Title - Barbara Kelley/PA (3 replies)
10/15/2008 8:32:12 AM (4258 views)

[+] Oil&Gas-Mineral - Kevin Curtiss/AL (2 replies)
10/14/2008 8:32:34 PM (4025 views)

[+] Freedom Search & Settlement, PA - JOSEPH EMERSON/MN (3 replies)
10/14/2008 3:50:43 PM (5024 views)

[+] Ireport contest-vote for us! - Kurt deVries/FL (1 reply)
10/14/2008 2:00:11 PM (5712 views)

[+] Examnet - shame on us! - Kurt deVries/FL (53 replies)
10/14/2008 1:55:48 PM (4700 views)

[+] National 1 Source - Joyce/NM (4 replies)
10/14/2008 11:48:56 AM (4289 views)

[+] Collection Agencies - Danielle Nelson/WI (3 replies)
10/10/2008 5:06:18 PM (4211 views)

[+] two abstract errors, alot of extra work and a consumer who had to wait it out - Diane Cipa/PA (24 replies)
10/8/2008 8:03:45 PM (4440 views)

[+] Source of Title Maintenance Notice - Robert Franco/OH (1 reply)
10/8/2008 10:02:55 AM (4152 views)


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