Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[+] Onondaga Abstract - Candis Richter/NJ (1 reply)
9/29/2006 10:31:15 AM (2783 views)

[+] ABSOLUTE PROPERTY SERVICES - Becky Kale/IL (39 replies)
9/28/2006 2:29:53 PM (3048 views)

[+] LSD LENDER SERVICES DIRECT OK - Becky Kale/IL (9 replies)
9/28/2006 2:28:16 PM (2797 views)

NALTEA 2007 Annual Conference - Robert Franco/OH
9/28/2006 2:24:32 PM (2998 views)

[+] New Abstractor - VANESSA GALLAGHER/FL (2 replies)
9/28/2006 1:22:36 PM (2670 views)




[+] Non payment advice?! - Kurt deVries/FL (11 replies)
9/27/2006 2:16:52 PM (2613 views)

[+] Need help re: New York -7 Q's - Jeanine Johnson/FL (1 reply)
9/27/2006 11:03:38 AM (2631 views)

[+] Just a reminder...... - George Booth/TX (5 replies)
9/26/2006 10:54:09 AM (3805 views)

[-] REO Titles slow pay - Tamara Henderson/GA (4 replies)
9/25/2006 7:17:21 AM (2707 views)
Re: REO Titles slow pay - Scott Perry/PA
9/25/2006 8:20:04 AM (3420 views)
Re: REO Titles slow pay - Ricky Farrow/FL
9/27/2006 7:53:02 PM (3180 views)
Re: REO Titles slow pay - Robert Franco/OH
9/28/2006 11:11:32 AM (3161 views)

I have done some work in Ohio for the federal government on properties that they have seized.  I actually did the whole thing... search, title insurance, closing, etc.  I routinely did the searches when they initiated their federal forfeiture suit and I didn't get paid on anything until they closed.  Some of them took more than three years!

Since these were scattered all over the state, I used contacts on Source of Title to do many of the searches for me.  Even though I didn't get paid until the closing, I still paid the examiner when I got their bill (within 30 days). 

It is certainly not the examiner's fault that these files take so long to close, nor is it the examiner's fault that their client agreed to take the work knowing that they wouldn't be paid until the closing.  Paying for the searches is a cost of doing business - if they have to wait until they get paid to pay you, then they are under capitalized and should not be doing the work to begin with.

In my opinion, that is no excuse to not pay the examiner in a timely manner.  They took the work knowing the situation, they ordered the searches knowing the examiner's billing terms.  Now it would be different if they offered a substantially higher fee and the examiner agreed to wait for the closing to get it.  After all, that is why I took those jobs that I knew I wouldn't get paid on for three years - I was able to charge what I felt was a good enough fee to make it worth while.

Best,
Robert A. Franco
SOURCE OF TITLE

to post a reply: login - or - register


Re: REO Titles slow pay - Tamara Henderson/GA
9/29/2006 4:01:14 PM (3119 views)

[+] BEWARE OHIO ABSTRACTORS - Pete Kisan/OH (12 replies)
9/25/2006 6:44:08 AM (2777 views)

[+] How to get paid . . . - Michaela Urban/OH (3 replies)
9/24/2006 6:25:30 PM (2699 views)

Start up - Paul  /MI
9/24/2006 1:46:39 PM (2077 views)

[+] DocEdge.com - DF/NV (1 reply)
9/22/2006 5:37:31 PM (3247 views)

[+] MY FIRST NON PAYMENT COMPANY - LAWANDA  MCMILLIAN/AR (1 reply)
9/21/2006 9:29:21 PM (2857 views)

[+] Another Non Payer - Heather Arndt/MN (2 replies)
9/21/2006 3:47:11 PM (2644 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8961 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Shared Driveway Agreements
Marissa Berends's Blog
2025/12/10
0 comments

Explain It Like I’m 5: FIRPTA Edition
Marissa Berends's Blog
2025/12/03
0 comments

Home buyers are more active this fall.....
Michael Stelzer's Blog
2025/11/27
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Purlin and Final Offer Merge to Create Real Estate's First AI Platform Unifying Real Estate, Mortgage, and Title
Purlin®, the AI platform powering enterprise real estate operations, and Final Offer™, the industry's only co...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Application volume was down last week, led by a 14 percent drop in purchase applications. Winter Storm Fern likel...
Home Prices Increased in 73% of Metro Areas in Fourth Quarter of 2025
Home prices rose in 73% of metro markets (168 out of 230) during the fourth quarter of 2025, according to the National A...
NAR Opens Applications for 2026 Good Neighbor Awards
“Service is at the heart of what it means to be a REALTOR®,” said NAR President Kevin Brown. “The...
Advocus National Title Insurance Company Announces Expanded Leadership Team to Support National Growth of Attorney-First Underwriting Platform
Advocus National Title Insurance Company (Advocus), an attorney-focused national title insurance underwriter and industr...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.