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



[+] Southern Land & Title in KY - Carla Curry/KY (3 replies)
10/1/2006 5:10:59 PM (2687 views)

[+] Rush orders? - Rebecca Barney/FL (9 replies)
9/29/2006 11:21:24 AM (3027 views)

[+] Onondaga Abstract - Candis Richter/NJ (1 reply)
9/29/2006 10:31:15 AM (2874 views)

[+] ABSOLUTE PROPERTY SERVICES - Becky Kale/IL (39 replies)
9/28/2006 2:29:53 PM (3144 views)

[+] LSD LENDER SERVICES DIRECT OK - Becky Kale/IL (9 replies)
9/28/2006 2:28:16 PM (2898 views)




NALTEA 2007 Annual Conference - Robert Franco/OH
9/28/2006 2:24:32 PM (3080 views)

[+] New Abstractor - VANESSA GALLAGHER/FL (2 replies)
9/28/2006 1:22:36 PM (2756 views)

[+] Non payment advice?! - Kurt deVries/FL (11 replies)
9/27/2006 2:16:52 PM (2717 views)

[+] Need help re: New York -7 Q's - Jeanine Johnson/FL (1 reply)
9/27/2006 11:03:38 AM (2850 views)

[+] Just a reminder...... - George Booth/TX (5 replies)
9/26/2006 10:54:09 AM (3945 views)

[-] REO Titles slow pay - Tamara Henderson/GA (4 replies)
9/25/2006 7:17:21 AM (2791 views)
Re: REO Titles slow pay - Scott Perry/PA
9/25/2006 8:20:04 AM (3755 views)
Re: REO Titles slow pay - Ricky Farrow/FL
9/27/2006 7:53:02 PM (3567 views)
Re: REO Titles slow pay - Robert Franco/OH
9/28/2006 11:11:32 AM (3535 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 (3448 views)

[+] BEWARE OHIO ABSTRACTORS - Pete Kisan/OH (12 replies)
9/25/2006 6:44:08 AM (2869 views)

[+] How to get paid . . . - Michaela Urban/OH (3 replies)
9/24/2006 6:25:30 PM (2793 views)

Start up - Paul  /MI
9/24/2006 1:46:39 PM (2151 views)

[+] DocEdge.com - DF/NV (1 reply)
9/22/2006 5:37:31 PM (3344 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 8973 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:

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

ATTENTION CIOs, CTOs, VENDOR MANAGERS, AND SUPPLIER MANAGERS
Will Duncan 's Blog
2026/06/15
0 comments

What Is Title Insurance & Benefits
Michael Stelzer's Blog
2026/03/14
0 comments

Articles

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

ALTA Celebrates 21st Century ROAD to Housing Act Becoming Law
“ALTA congratulates Chairman Tim Scott, Ranking Member Elizabeth Warren, Chairman French Hill, Ranking Member Maxi...
New NAR Survey Finds Americans Value Neighborhood Walkability
A new survey by the National Association of REALTORS® shows that Americans value walkability, mixed-used neighborho...
MISMO Publishes White Paper, Roadmap for Scaling Digital Mortgage Adoption Through eClosing
MISMO®, the real estate finance industry's standards organization, today announced the release of its new white pap...
NAR Existing-Home Sales Report Shows 2.4% Decrease in June
“The median home price has reached an all-time high. Even so, affordability is better than a year ago because wage...
Remodeling Market Sentiment Remains in Positive Territory in Second Quarter
“Remodeler sentiment has been positive and stable over the past year,” said NAHB Remodelers Chair Elliott Pi...

Search Articles:
browse...

Classifieds

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

© 2020, Source of Title.