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Seeking Feedback on a Company - Brad Bradbury/PA
9/8/2008 4:31:38 PM (3079 views)

[+] WHO NOT TO DO WORK FOR - Brian  Worthington/OH (2 replies)
9/8/2008 9:24:07 AM (4090 views)

NACA/ Bruce Marks - KH/NC
9/8/2008 7:48:34 AM (3571 views)

abstract realty, turnersville, nj DOES NOT PaY - KIMBERLY  FALCONE/PA
9/8/2008 5:56:17 AM (3103 views)

Jury Duty Scam - Scott Perry/PA
9/8/2008 12:58:32 AM (4732 views)




[+] At last, solution to industry crisis!? - Jan Forster/NC (10 replies)
9/5/2008 11:47:55 PM (5555 views)

Broadway Abstract Corp. - CARRIE DOZIER/NY
9/5/2008 12:46:55 PM (2936 views)

[+] Your Tax Dollars at Work - Scott Perry/PA (164 replies)
9/5/2008 10:51:13 AM (5104 views)

[-] STOP STOP STOP - . APS/NY (14 replies)
9/4/2008 3:35:36 PM (3759 views)
Re: STOP STOP STOP - Robert Breakell/CT
9/4/2008 5:23:29 PM (4210 views)
Re: STOP STOP STOP - . APS/NY
9/4/2008 10:00:54 PM (4275 views)
Re: STOP STOP STOP - Helene /GA
9/15/2008 10:29:49 PM (3859 views)
This is one of the best posts I have ever seen! - Jean Allen/NC
9/18/2008 8:13:59 AM (3817 views)
Re: This is one of the best posts I have ever seen! - Helene /GA
9/18/2008 11:46:49 PM (3817 views)
Cheap Un-Searches in CT - Bobbi Shorthouse, Notary Public/CT
9/5/2008 8:10:33 AM (4192 views)
Re: STOP STOP STOP - ANTHONY MUZIO/NY
9/4/2008 6:09:17 PM (4124 views)
Re: STOP STOP STOP - rw/VA
9/6/2008 8:40:02 PM (4002 views)
Re: STOP STOP STOP - J Nisonger/CA
9/11/2008 6:54:13 PM (3806 views)
Absolute Property Service? - Matt Papsch/MD
9/9/2008 9:25:14 PM (3938 views)
Re: Absolute Property Service? - . APS/NY
9/10/2008 8:56:25 PM (3946 views)

Matt,

 

When we asked abstractors to do work for us, we would send them an engagement package that they voluntarily filled out.  You offered us the following;

Current Owner -40
Inst Lender -50
Recording -25
Contin -20-30
Deed -20
Mort Search -20
Deed/Mort-30
Judg/lien -20
UCC -20
Copies .50

The industry standard in your area is what it is.  It does vary from place to place.  If is simple to do, you may charge 40.00.  If it is a difficult county to search in, the standard may be much higher.  We did not routinely call abstractors to cut prices.  In fact it would have been rare.  I have actually had searchers offer me discounts of up to 25% to send them work.  I have never accepted those offers because it is not fair.  Rather than take an opprtunity to bash me, why not stick to the point.  If all abstractors would have a spine and demand a fair wage for what they do, maybe we would all be better off.  I dont see any attorneys offering rock bottom prices for their services.  

I will give a classic example of what happens when abstractors stick together.  All of the vermont abstractors know each other and keep their pricing high.  They will, as a group, blacklist a bad customer.  Marthas Vinyard...they all have high rates.  These are just two examples of how we can stick together.  Matt, I was just an independent abstractor in the early 90's.  I searched in 54 counties.  I know what its like to be in their position.  Many companies have ruined the pricing structure that existed back then.  I used to get 125-150 for a current owner.  Now there are lowlife scrappers doing the work for 25.00.  They only barely get by and have ruined it for everyone else.  Sound familiar?

 

Rob    

 

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Re: Absolute Property Service? - Matt Papsch/MD
9/11/2008 5:33:37 PM (3760 views)
Re: Absolute Property Service? - . APS/NY
9/15/2008 8:12:15 PM (3826 views)
Re: Absolute Property Service? - Robert Franco/OH
9/15/2008 10:15:53 PM (3877 views)

[+] CMS-Consumer Marketing Services - Patrick /NY (2 replies)
9/4/2008 1:26:57 PM (5633 views)

Ohio Sick-day Ballot Initiative Pulled! - Robert Franco/OH
9/4/2008 1:01:46 PM (2942 views)

Dynamic Signings - Ilene Seidel/MD
9/3/2008 10:15:28 PM (2905 views)

[+] Owners Title Policy Tells Consumer Nothing - Jeanine Johnson/FL (11 replies)
9/3/2008 5:05:25 PM (3654 views)

GMAC Streamlining of Mortgage Operation - Rochelle Finci/MD
9/3/2008 1:34:54 PM (3130 views)

[+] ProTitle USA - Virginia Capps/TN (7 replies)
9/3/2008 10:27:29 AM (4936 views)


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