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[-] Another Fee Reduction Request - Scott Perry/PA (12 replies)
10/6/2008 4:47:25 PM (4660 views)
Re: Another Fee Reduction Request - Joyce/NM
10/6/2008 4:55:46 PM (6566 views)
Re: Another Fee Reduction Request - Robert Franco/OH
10/6/2008 5:22:15 PM (6500 views)
Re: Another Fee Reduction Request - Helene /GA
10/6/2008 9:49:49 PM (6486 views)
Re: Another Fee Reduction Request - george Hubka/MI
10/7/2008 5:53:14 AM (6508 views)
Re: Another Fee Reduction Request - Scott Perry/PA
10/7/2008 6:47:35 AM (6524 views)
Re: Another Fee Reduction Request - Helene /GA
10/12/2008 2:54:11 PM (6563 views)

George,   If one didn't get the email then the fee reduction didn't directly affect them so it doesn't matter who it was.  It wasn't a pymnt. issue. Having done work for numerous VM's over the years, I understand that many will usually go with someone cheaper no matter how much they praise your work and even if you're not the one causing them problems.  It doesn't even matter how good a relationship you might have had with those, or how matter years you have been doing their work.  Most require E & O so I would think it doesn't matter to them whom they use as long as they get what they want when they want it!  Many companies have asked  for fee reductions or just outright stated them.  It's up to each to decide whether or not to accept them.  In this case, I didn't feel the fee decrease was justified for me to agree to it.  It wasn't worth it.  I know what I have to charge in order to make a profit.  I've learned not to take the VM's decisions personally. I treat their work the same as local clients.  I stick to my fees with them because even If I accept the cut, there will always be another who'll do it cheaper and so where would it end?  So if they dump me for someone cheaper, then they dump me!  If they come back and accept my fees, then I'll still return the same work caliber of work  I did before.

I know of many who accept fee cuts because these days they are hurtng worse than some; because running titles is all they have ever done and that is how they take care of their family.  I don't blame them for accepting cuts and I hope those are the ones who get the work others decline. The ones I do begrudge are those who call companies knowing others are doing the work and purposely cut the fee.  They are usually those who only got into the industry in the couple of years ago to make a quick buck and couldn't do a full search if their life depended on it.  There have also been some recent upstarts who charge 1/2 the fee knowing full well what the average is in each locality.   I don't care for them either.  To them a fee cut for me is an increase for them. 

I assure you I'm not "spineless".  I was probably too harsh; too general though.  And now I am getting long-winded.  I'll tell you though, it is my experience that when contact is made w/this or any other VM, they will  send  a form asking for your fees.  If you don't hear from them, chances are someone is already doing your counties for the same or cheaper.  I don't follow up and tell them I'll do it cheaper.  I wish you good luck. 

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Re: Another Fee Reduction Request - george Hubka/MI
10/13/2008 4:13:24 AM (6412 views)
Re: Another Fee Reduction Request - Helene /GA
10/14/2008 12:09:47 AM (6576 views)
Re: Another Fee Reduction Request - Robert Breakell/CT
10/7/2008 10:39:44 AM (6540 views)
Personal thought with no factual basis - Bobbi Shorthouse, Notary Public/CT
10/7/2008 1:16:40 PM (6473 views)
Re: Another Fee Reduction Request - Anita Backlund/MN
10/8/2008 9:29:30 PM (6440 views)
Re: Another Fee Reduction Request - george Hubka/MI
10/9/2008 6:16:51 AM (6455 views)

JC Abstracting - Barbara Hamilton/CA
10/4/2008 4:36:04 PM (3821 views)

Upgrade notice for sourceoftitle.com - Slade Smith/OH
10/3/2008 4:48:37 PM (3707 views)

[+] The AfBA battle is on! - Robert Franco/OH (1 reply)
10/3/2008 4:27:46 PM (6008 views)

[+] Bankers Title Company - Gone - Frank NAVARRO/IL (1 reply)
10/2/2008 6:50:11 PM (4598 views)




[+] Any info on Abstractor listing websites? - Erin Carraway/NY (11 replies)
10/2/2008 1:11:58 PM (4819 views)

[+] Questions on title companies & Leads - Erin Carraway/NY (9 replies)
10/2/2008 9:09:47 AM (4587 views)

[+] Info on Abstractors A Go Go - george Hubka/MI (10 replies)
10/1/2008 6:27:14 PM (4945 views)

[+] Bail Out Bill Defeated - Kevin Ahern/CT (19 replies)
9/29/2008 3:14:47 PM (4330 views)

Reminder for Independent Agents - Robert Franco/OH
9/29/2008 11:46:39 AM (5148 views)

[+] Beware of Huntington Title & Contemporary Realty Solutions - Tiffany Abramowski/VA (1 reply)
9/28/2008 9:25:00 PM (4168 views)

[+] Class action case vs Titlestream - . APS/NY (5 replies)
9/26/2008 7:52:40 PM (4474 views)

[+] Have you heard of Hedge Fund Groups not allowing for verification of their Title/Closing Agent - jerry pennant/CA (2 replies)
9/26/2008 4:41:13 PM (4025 views)

[+] Question about Global Title Reporting Services - Richard Davis/TN (8 replies)
9/25/2008 5:22:21 PM (4338 views)

[+] ESS - Jason Knowles/AL (2 replies)
9/25/2008 4:53:33 PM (4145 views)


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