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NACA/ Bruce Marks - KH/NC
9/8/2008 7:48:34 AM (3279 views)

abstract realty, turnersville, nj DOES NOT PaY - KIMBERLY  FALCONE/PA
9/8/2008 5:56:17 AM (2849 views)

Jury Duty Scam - Scott Perry/PA
9/8/2008 12:58:32 AM (4422 views)

[+] At last, solution to industry crisis!? - Jan Forster/NC (10 replies)
9/5/2008 11:47:55 PM (5153 views)

Broadway Abstract Corp. - CARRIE DOZIER/NY
9/5/2008 12:46:55 PM (2695 views)




[+] Your Tax Dollars at Work - Scott Perry/PA (164 replies)
9/5/2008 10:51:13 AM (4733 views)

[-] STOP STOP STOP - . APS/NY (14 replies)
9/4/2008 3:35:36 PM (3509 views)
Re: STOP STOP STOP - Robert Breakell/CT
9/4/2008 5:23:29 PM (3332 views)
Re: STOP STOP STOP - . APS/NY
9/4/2008 10:00:54 PM (3403 views)
Re: STOP STOP STOP - Helene /GA
9/15/2008 10:29:49 PM (2957 views)

Lately I have found that there are many fellow abstractors who have undercut my fees for title services.  Sadly, I have to acknowledge that even those who have stellar reputations and are well respected have reduced their fees so as to make a living even at the expense of others while undermining the importance of charging a fee that is well worth it for the work that we do.  I haven't reduced my fees and while it has cost me some clients, I have no plans to do so.  One good thing, many of the "newbies" are gone (those that had no real title experience and were just in it for the buck). 

One of my main concerns is how many rely on online records.  I am receiving more and more "current owner" searches that are older than the available online records or family owned land.   I cannot tell you how many searches I have done lately that have the wrong legal description.  Recently I ran one that secured a crypt in a cemetery instead of the property intended - 2 loans over $200,000.00.  Countless ones where it is evident one relied on online records - surveys weren't verified - numerous errors in the legal description - strips of land, easements - all secured instead of the actual property - missed mortgages, assignments, liens, etc. I could go on and on.   It's no wonder some companies like LFC go out of business.  Perhaps relying on online records and inexperienced abstractors results in claims that they cannot pay.

I try to no longer begrudge the fellow, respected abstractor who has undercut me.  They are doing what they can to survive.  Rather, I will just plug along and do my best to return quality work in a timely manner.  I am in this for the long run and when the market turns around I intend to still be here.  Maybe then I will raise my fees for searches that are "old", etc.!   I am loyal to those who respect what I do and don't dump me for the cheapest.  I look forward to the day when once again, we are respected for the work we do and are paid appropriately. 

 

 

 

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This is one of the best posts I have ever seen! - Jean Allen/NC
9/18/2008 8:13:59 AM (2948 views)
Re: This is one of the best posts I have ever seen! - Helene /GA
9/18/2008 11:46:49 PM (2980 views)
Cheap Un-Searches in CT - Bobbi Shorthouse, Notary Public/CT
9/5/2008 8:10:33 AM (3294 views)
Re: STOP STOP STOP - ANTHONY MUZIO/NY
9/4/2008 6:09:17 PM (3266 views)
Re: STOP STOP STOP - rw/VA
9/6/2008 8:40:02 PM (3177 views)
Re: STOP STOP STOP - J Nisonger/CA
9/11/2008 6:54:13 PM (2926 views)
Absolute Property Service? - Matt Papsch/MD
9/9/2008 9:25:14 PM (3015 views)
Re: Absolute Property Service? - . APS/NY
9/10/2008 8:56:25 PM (2981 views)
Re: Absolute Property Service? - Matt Papsch/MD
9/11/2008 5:33:37 PM (2890 views)
Re: Absolute Property Service? - . APS/NY
9/15/2008 8:12:15 PM (2929 views)
Re: Absolute Property Service? - Robert Franco/OH
9/15/2008 10:15:53 PM (3033 views)

[+] CMS-Consumer Marketing Services - Patrick /NY (2 replies)
9/4/2008 1:26:57 PM (5265 views)

Ohio Sick-day Ballot Initiative Pulled! - Robert Franco/OH
9/4/2008 1:01:46 PM (2527 views)

Dynamic Signings - Ilene Seidel/MD
9/3/2008 10:15:28 PM (2649 views)

[+] Owners Title Policy Tells Consumer Nothing - Jeanine Johnson/FL (11 replies)
9/3/2008 5:05:25 PM (3331 views)

GMAC Streamlining of Mortgage Operation - Rochelle Finci/MD
9/3/2008 1:34:54 PM (2819 views)

[+] ProTitle USA - Virginia Capps/TN (7 replies)
9/3/2008 10:27:29 AM (4578 views)

[+] Workmans Comp and Abstractors - . APS/NY (5 replies)
9/2/2008 10:36:23 PM (3201 views)

[+] Clear Vision Grand Rapids Michigan - Robin Ramberg/MI (2 replies)
9/2/2008 9:43:27 PM (3295 views)


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