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[-] Going out of Business - Jay Duncan/MO (16 replies)
11/10/2005 9:09:52 AM (2856 views)
Re: Going out of Business - Michaela Urban/OH
11/10/2005 12:17:09 PM (3771 views)
Re: Going out of Business - Robert Franco/OH
11/10/2005 1:32:35 PM (3785 views)
Re: Going out of Business - Michaela Urban/OH
11/10/2005 5:03:55 PM (3740 views)
Re: Going out of Business - J Nisonger/CA
11/10/2005 5:37:13 PM (3784 views)
Re: Going out of Business - Douglas Gallant/OH
11/10/2005 7:09:06 PM (3696 views)
Re: Going out of Business - J Nisonger/CA
11/10/2005 9:30:18 PM (3751 views)
Re: Going out of Business - Robert Franco/OH
11/11/2005 10:38:05 AM (3679 views)
Re: Going out of Business - Kevin Ahern/CT
11/12/2005 7:29:36 AM (3670 views)
Re: Going out of Business - Lisa Ramsey/TX
11/12/2005 1:34:48 PM (3746 views)

Well here are my comments, take them or leave them, and are based purely on comments made as I have not read the article either.  People have gone out of business just like people in other businesses go out of business when they fail to have a future plan in place.  The ones that I know went out of business, performed one function such as document retrieval only.  Sure they were hit and hit hard because they never had a future plan.  Abstracting is still necessary and if proper direction is made, perhaps could be more profitable than before. 

As I stated, marketing efforts should change to enable this.  It takes a real business person to achieve these goals.  It used to be someone said "I want to be an abstractor" and called up VMs and they were in business.  They didn't think past that with future plans for business and expansion.  That is why they failed.  True abstracting businesses allow for growth, not only financial but personal growth, the ability to grow, change, and relate with people and companies under any condition.  The ability to relate with people without becoming irrational over little irritations which would ultimately be the demise of the smallest abstractor to the largest company.  

I have been through the same thoughts of alot of you, but only for a moment.  I chose to not focus on the negative but focus on what is still marketable out there.  We are expanding into notary closings, inspections, etc - there is nothing wrong with that - it is changing as the market changes.  It is providing more full-services, nothing wrong with that - the VMs didn't say we are no longer VMs cause we are full-service now. 

Along with all these changes, opened up another opportunity for us - to go directly to the banks and savings institutions.  It is being done, and with E&O in your lap, they are going directly to the abstractors for lien searches, document retrievals, and current owners when they don't want a title policy.  It is an advantage in your hands to indicate the fact that you will be at the courthouse, not online doing their searches, that they cannot guarantee right now the VMs they are sending the work to are.  That you are an expertise in the records in your area, you know the little quirks of the county indexes, the different computers located within the courthouse and not online that need to be accessed to complete your searches properly.

If you are able to be proficient at easement and rights-of-way restrictions and easements, you can always be employed.  Direct your marketing towards governmental agencies and corporations.  Everyone local is the best way to go - but don't exclude the nationwide companies - just don't depend on them totally.  I work for alot of nationwide companies and enjoy working for them.  Of course, to me the ones that are my clients are ones that don't want the online searching- I guess that makes a difference.  Maybe they were  the first to find out they aren't so reliable - I don't know.

Just have a plan - see what direction everyone is going and figure out what they haven't achieved yet - make that your plan.  I don't think we need to stop trying to get records offline because it has certainly had a terrible effect on the lives and security of the American citizens - but to continue to focus on the negativity of the abstractor's future will certainly bring demise to our occupation.  I chose to find other ways of marketing and using technology to my advantage. 

One of our first and foremost problems is you have to stop worrying about what the other one charges, if you need more money to operate your business, then raise your prices.  There is a difference between abstracting company to abstracting company, seen it time and time again - don't let anyone talk you into anything different.  Just be the difference and go forward.

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Re: Going out of Business - David Bloys/TX
11/12/2005 12:58:17 PM (3661 views)
Re: Going out of Business - J Nisonger/CA
11/13/2005 4:24:01 AM (3730 views)
Re: Going out of Business - Lisa Ramsey/TX
11/13/2005 4:02:37 PM (3697 views)
Re: Going out of Business - Becky Kale/IL
11/16/2005 6:13:07 PM (3657 views)
Re: Going out of Business - J Nisonger/CA
11/17/2005 2:17:46 PM (3653 views)
Re: Going out of Business - Tammy Knight/MO
11/18/2005 12:54:40 AM (3679 views)
Re: Going out of Business - J Nisonger/CA
11/19/2005 1:41:56 AM (3630 views)

[+] Scanner.. - J Nisonger/CA (4 replies)
11/10/2005 12:17:48 AM (3714 views)

[+] I Am Sorry Smitty! - J.T. Shoemaker/NY (3 replies)
11/9/2005 8:03:20 PM (2717 views)

[+] Scanner issues... again! - J Nisonger/CA (5 replies)
11/8/2005 11:22:27 PM (2718 views)

Release Tracking - Shannon Blatt/VA
11/8/2005 10:37:04 PM (2326 views)




[+] New To the Industry - Katrina Harris/GA (1 reply)
11/8/2005 12:09:28 PM (2665 views)

[+] FINALLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! - J.T. Shoemaker/NY (6 replies)
11/7/2005 3:33:07 PM (3896 views)

[+] Where is Triad Title Searching? - Kurt deVries/FL (2 replies)
11/7/2005 1:26:31 PM (2837 views)

[+] Search methods - Kelli Gorman/TX (3 replies)
11/6/2005 2:58:47 AM (2798 views)

[+] Insurance - Janet Woods/TN (13 replies)
11/5/2005 3:35:08 PM (2805 views)

[+] New Twist on an Old Con - Jay Duncan/MO (4 replies)
11/3/2005 8:01:20 PM (2879 views)

[+] Employee gas expenses - Deborah Manion/VA (7 replies)
11/3/2005 11:12:44 AM (3048 views)

[+] Any input on this company?? - Michaela Urban/OH (5 replies)
11/2/2005 10:37:08 PM (2918 views)

[+] TO KURT DeVRIES - Scott Perry/PA (1 reply)
11/2/2005 5:11:31 PM (2988 views)

[+] Doesn't anyone read the Replies ??? - Mike Giordano/NY (5 replies)
11/2/2005 1:56:34 PM (2873 views)


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