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abstract realty, turnersville, nj DOES NOT PaY - KIMBERLY  FALCONE/PA
9/8/2008 5:56:17 AM (2915 views)

Jury Duty Scam - Scott Perry/PA
9/8/2008 12:58:32 AM (4505 views)

[+] At last, solution to industry crisis!? - Jan Forster/NC (10 replies)
9/5/2008 11:47:55 PM (5260 views)

Broadway Abstract Corp. - CARRIE DOZIER/NY
9/5/2008 12:46:55 PM (2762 views)

[+] Your Tax Dollars at Work - Scott Perry/PA (164 replies)
9/5/2008 10:51:13 AM (4868 views)


Real Title Services


[-] STOP STOP STOP - . APS/NY (14 replies)
9/4/2008 3:35:36 PM (3577 views)
Re: STOP STOP STOP - Robert Breakell/CT
9/4/2008 5:23:29 PM (3638 views)
Re: STOP STOP STOP - . APS/NY
9/4/2008 10:00:54 PM (3696 views)
Re: STOP STOP STOP - Helene /GA
9/15/2008 10:29:49 PM (3265 views)
This is one of the best posts I have ever seen! - Jean Allen/NC
9/18/2008 8:13:59 AM (3241 views)
Re: This is one of the best posts I have ever seen! - Helene /GA
9/18/2008 11:46:49 PM (3274 views)
Cheap Un-Searches in CT - Bobbi Shorthouse, Notary Public/CT
9/5/2008 8:10:33 AM (3581 views)
Re: STOP STOP STOP - ANTHONY MUZIO/NY
9/4/2008 6:09:17 PM (3559 views)
Re: STOP STOP STOP - rw/VA
9/6/2008 8:40:02 PM (3450 views)
Re: STOP STOP STOP - J Nisonger/CA
9/11/2008 6:54:13 PM (3221 views)
Absolute Property Service? - Matt Papsch/MD
9/9/2008 9:25:14 PM (3298 views)
Re: Absolute Property Service? - . APS/NY
9/10/2008 8:56:25 PM (3275 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 (3164 views)
Re: Absolute Property Service? - . APS/NY
9/15/2008 8:12:15 PM (3188 views)
Re: Absolute Property Service? - Robert Franco/OH
9/15/2008 10:15:53 PM (3322 views)

[+] CMS-Consumer Marketing Services - Patrick /NY (2 replies)
9/4/2008 1:26:57 PM (5384 views)

Ohio Sick-day Ballot Initiative Pulled! - Robert Franco/OH
9/4/2008 1:01:46 PM (2674 views)

Dynamic Signings - Ilene Seidel/MD
9/3/2008 10:15:28 PM (2718 views)

[+] Owners Title Policy Tells Consumer Nothing - Jeanine Johnson/FL (11 replies)
9/3/2008 5:05:25 PM (3455 views)

GMAC Streamlining of Mortgage Operation - Rochelle Finci/MD
9/3/2008 1:34:54 PM (2893 views)

[+] ProTitle USA - Virginia Capps/TN (7 replies)
9/3/2008 10:27:29 AM (4688 views)

[+] Workmans Comp and Abstractors - . APS/NY (5 replies)
9/2/2008 10:36:23 PM (3323 views)

[+] Clear Vision Grand Rapids Michigan - Robin Ramberg/MI (2 replies)
9/2/2008 9:43:27 PM (3410 views)

[+] american abstract - Robin Ramberg/MI (2 replies)
9/2/2008 9:40:15 PM (3664 views)


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