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The Closing Company of PA - PATRICIA PALMER-ILKO/PA
9/10/2008 12:42:42 PM (3519 views)

[+] FM and FM under the G-Man - Jay Duncan/MO (5 replies)
9/10/2008 10:55:38 AM (3488 views)

[+] OMG - Janis Talbot/SC (5 replies)
9/10/2008 5:31:41 AM (3685 views)

[+] Money owe for search work for Virginia Settlement Group - Teresa Melvin/VA (6 replies)
9/9/2008 3:07:56 PM (3636 views)

[+] Direct Settlement Services - DSS - Kurt deVries/FL (1 reply)
9/9/2008 2:21:34 PM (4032 views)




[+] Seeking Info on US Title Solutions - Smitty Strickland/SC (6 replies)
9/8/2008 6:10:40 PM (4226 views)

Seeking Feedback on a Company - Brad Bradbury/PA
9/8/2008 4:31:38 PM (3054 views)

[+] WHO NOT TO DO WORK FOR - Brian  Worthington/OH (2 replies)
9/8/2008 9:24:07 AM (4054 views)

NACA/ Bruce Marks - KH/NC
9/8/2008 7:48:34 AM (3515 views)

abstract realty, turnersville, nj DOES NOT PaY - KIMBERLY  FALCONE/PA
9/8/2008 5:56:17 AM (3044 views)

Jury Duty Scam - Scott Perry/PA
9/8/2008 12:58:32 AM (4654 views)

[+] At last, solution to industry crisis!? - Jan Forster/NC (10 replies)
9/5/2008 11:47:55 PM (5493 views)

Broadway Abstract Corp. - CARRIE DOZIER/NY
9/5/2008 12:46:55 PM (2881 views)

[+] Your Tax Dollars at Work - Scott Perry/PA (164 replies)
9/5/2008 10:51:13 AM (5031 views)

[-] STOP STOP STOP - . APS/NY (14 replies)
9/4/2008 3:35:36 PM (3718 views)
Re: STOP STOP STOP - Robert Breakell/CT
9/4/2008 5:23:29 PM (4085 views)
Re: STOP STOP STOP - . APS/NY
9/4/2008 10:00:54 PM (4146 views)
Re: STOP STOP STOP - Helene /GA
9/15/2008 10:29:49 PM (3737 views)
This is one of the best posts I have ever seen! - Jean Allen/NC
9/18/2008 8:13:59 AM (3685 views)
Re: This is one of the best posts I have ever seen! - Helene /GA
9/18/2008 11:46:49 PM (3704 views)
Cheap Un-Searches in CT - Bobbi Shorthouse, Notary Public/CT
9/5/2008 8:10:33 AM (4070 views)
Re: STOP STOP STOP - ANTHONY MUZIO/NY
9/4/2008 6:09:17 PM (4009 views)
Re: STOP STOP STOP - rw/VA
9/6/2008 8:40:02 PM (3882 views)
Re: STOP STOP STOP - J Nisonger/CA
9/11/2008 6:54:13 PM (3675 views)
Absolute Property Service? - Matt Papsch/MD
9/9/2008 9:25:14 PM (3813 views)
Re: Absolute Property Service? - . APS/NY
9/10/2008 8:56:25 PM (3788 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 (3639 views)
Re: Absolute Property Service? - . APS/NY
9/15/2008 8:12:15 PM (3683 views)
Re: Absolute Property Service? - Robert Franco/OH
9/15/2008 10:15:53 PM (3747 views)


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