It is unfortunate that we, as abstractors, are forced to deal with this issue.  Due to the nature of our businesses we don't have the resources to check out our clients and it has always been the custom to extend NET30 terms on our work.  Now with so many clients forcing NET45 (and worse) terms on us, they can rack up quite a substantial bill before we even realize there is a problem.  Then its off to the next abstractor...

I just got off the phone with an abstractor in Texas that says they are having an awful time with a company that has been through several name changes and they are burning the same abstractors over and over.  My advice was to organize your information with other abstractors and call the attorney general, and/or file a civil suit (which they are already discussing).   

If anyone has any specific information on this type of thing happening please email me.  We will consider writing an article on it.

Best,
Robert A. Franco
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