Real Title Services
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



NALTEA 2007 Annual Conference - Robert Franco/OH
9/28/2006 2:24:32 PM (3135 views)

[+] New Abstractor - VANESSA GALLAGHER/FL (2 replies)
9/28/2006 1:22:36 PM (2807 views)

[+] Non payment advice?! - Kurt deVries/FL (11 replies)
9/27/2006 2:16:52 PM (2780 views)

[+] Need help re: New York -7 Q's - Jeanine Johnson/FL (1 reply)
9/27/2006 11:03:38 AM (2987 views)

[+] Just a reminder...... - George Booth/TX (5 replies)
9/26/2006 10:54:09 AM (4027 views)




[-] REO Titles slow pay - Tamara Henderson/GA (4 replies)
9/25/2006 7:17:21 AM (2849 views)
Re: REO Titles slow pay - Scott Perry/PA
9/25/2006 8:20:04 AM (3950 views)
Re: REO Titles slow pay - Ricky Farrow/FL
9/27/2006 7:53:02 PM (3764 views)
Re: REO Titles slow pay - Robert Franco/OH
9/28/2006 11:11:32 AM (3729 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 (3640 views)

[+] BEWARE OHIO ABSTRACTORS - Pete Kisan/OH (12 replies)
9/25/2006 6:44:08 AM (2916 views)

[+] How to get paid . . . - Michaela Urban/OH (3 replies)
9/24/2006 6:25:30 PM (2860 views)

Start up - Paul  /MI
9/24/2006 1:46:39 PM (2201 views)

[+] DocEdge.com - DF/NV (1 reply)
9/22/2006 5:37:31 PM (3393 views)

[+] MY FIRST NON PAYMENT COMPANY - LAWANDA  MCMILLIAN/AR (1 reply)
9/21/2006 9:29:21 PM (3030 views)

[+] Another Non Payer - Heather Arndt/MN (2 replies)
9/21/2006 3:47:11 PM (2794 views)

[+] Copy Fees - Kim Cowles/WI (15 replies)
9/21/2006 8:11:33 AM (2942 views)

[+] Meddler - Tammy Knight/MO (9 replies)
9/20/2006 11:47:24 PM (3004 views)

[+] What about.... - mason haas/NY (9 replies)
9/19/2006 7:27:30 PM (2913 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 8977 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:

Practical Obscurity, Revisited
Blurbs from the Bossman
2026/08/06
0 comments

Beneath Every Closing Lies a Story
Michael Stelzer's Blog
2026/07/18
0 comments

Residential Appraisers: Reclaim Your Time
Will Duncan 's Blog
2026/07/09
0 comments

Articles

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

MBA Offers Cybersecurity Benefit to Help Members Reduce Risk and Respond to Incidents
The Mortgage Bankers Association (MBA) today announced an important new MBA member benefit designed to help mortgage com...
Remodeling Market Sentiment Remains Stable in Third Quarter Despite Headwinds
“Remodeler sentiment remained stable in the third quarter, although remodelers in certain parts of the country con...
First American Mortgage Solutions Launches equiLiteT, a Title Insurance Policy within its equiSolutionsT Home Equity Lending Product Suite
First American Mortgage Solutions LLC, a part of the First American family of companies, today announced the launch of i...
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates moved to their highest level in almost three years last week, with the 30-year fixed rate reaching...
MBA Opens Doors Foundation Kicks Off 2027 Fundraising Season with More than $3 Million in Donations
The MBA Opens Doors Foundation (Opens Doors) today announced it received $3,093,500 in corporate and individual donation...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.