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NACA/ Bruce Marks - KH/NC
9/8/2008 7:48:34 AM (3397 views)

abstract realty, turnersville, nj DOES NOT PaY - KIMBERLY  FALCONE/PA
9/8/2008 5:56:17 AM (2943 views)

Jury Duty Scam - Scott Perry/PA
9/8/2008 12:58:32 AM (4538 views)

[+] At last, solution to industry crisis!? - Jan Forster/NC (10 replies)
9/5/2008 11:47:55 PM (5307 views)

Broadway Abstract Corp. - CARRIE DOZIER/NY
9/5/2008 12:46:55 PM (2785 views)


Real Title Services


[+] Your Tax Dollars at Work - Scott Perry/PA (164 replies)
9/5/2008 10:51:13 AM (4909 views)

[-] STOP STOP STOP - . APS/NY (14 replies)
9/4/2008 3:35:36 PM (3613 views)
Re: STOP STOP STOP - Robert Breakell/CT
9/4/2008 5:23:29 PM (3733 views)
Re: STOP STOP STOP - . APS/NY
9/4/2008 10:00:54 PM (3795 views)
Re: STOP STOP STOP - Helene /GA
9/15/2008 10:29:49 PM (3377 views)
This is one of the best posts I have ever seen! - Jean Allen/NC
9/18/2008 8:13:59 AM (3334 views)
Re: This is one of the best posts I have ever seen! - Helene /GA
9/18/2008 11:46:49 PM (3367 views)
Cheap Un-Searches in CT - Bobbi Shorthouse, Notary Public/CT
9/5/2008 8:10:33 AM (3692 views)
Re: STOP STOP STOP - ANTHONY MUZIO/NY
9/4/2008 6:09:17 PM (3662 views)
Re: STOP STOP STOP - rw/VA
9/6/2008 8:40:02 PM (3560 views)
Re: STOP STOP STOP - J Nisonger/CA
9/11/2008 6:54:13 PM (3324 views)
Absolute Property Service? - Matt Papsch/MD
9/9/2008 9:25:14 PM (3459 views)
Re: Absolute Property Service? - . APS/NY
9/10/2008 8:56:25 PM (3392 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 (3272 views)
Re: Absolute Property Service? - . APS/NY
9/15/2008 8:12:15 PM (3298 views)
Re: Absolute Property Service? - Robert Franco/OH
9/15/2008 10:15:53 PM (3419 views)

[+] CMS-Consumer Marketing Services - Patrick /NY (2 replies)
9/4/2008 1:26:57 PM (5420 views)

Ohio Sick-day Ballot Initiative Pulled! - Robert Franco/OH
9/4/2008 1:01:46 PM (2721 views)

Dynamic Signings - Ilene Seidel/MD
9/3/2008 10:15:28 PM (2752 views)

[+] Owners Title Policy Tells Consumer Nothing - Jeanine Johnson/FL (11 replies)
9/3/2008 5:05:25 PM (3483 views)

GMAC Streamlining of Mortgage Operation - Rochelle Finci/MD
9/3/2008 1:34:54 PM (2911 views)

[+] ProTitle USA - Virginia Capps/TN (7 replies)
9/3/2008 10:27:29 AM (4729 views)

[+] Workmans Comp and Abstractors - . APS/NY (5 replies)
9/2/2008 10:36:23 PM (3371 views)

[+] Clear Vision Grand Rapids Michigan - Robin Ramberg/MI (2 replies)
9/2/2008 9:43:27 PM (3448 views)


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