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Fed up! - Spencer Kinsey/AR
10/15/2005 12:36:11 PM (3410 views)
Re: Fed up! - Kevin Ahern/CT
10/15/2005 5:48:16 PM (5355 views)
Re: Fed up! - Jay Duncan/MO
10/16/2005 4:30:53 PM (5364 views)
Re: Fed up! - Kevin Ahern/CT
10/16/2005 4:54:24 PM (5422 views)
Re: Fed up! - Jay Duncan/MO
10/17/2005 12:16:19 PM (5711 views)
Re: Fed up! - Kevin Ahern/CT
10/17/2005 3:56:17 PM (5663 views)

indexing - Douglas Gallant/OH
10/15/2005 12:31:46 PM (3186 views)
Re: indexing - Scott Perry/PA
10/15/2005 3:07:59 PM (5349 views)
Re: indexing - monica froese/ME
10/15/2005 6:40:24 PM (5212 views)
Re: indexing - Robert Franco/OH
10/15/2005 8:05:07 PM (5209 views)
Re: indexing - monica froese/ME
10/15/2005 11:18:03 PM (5196 views)
STUCK ON "STUPID" - Scott Perry/PA
10/16/2005 1:06:12 PM (5207 views)
Re: indexing - Larry Crooks/OH
10/17/2005 3:34:21 PM (5607 views)

Questions about VMC's - Donna Grady/NC
10/14/2005 10:32:19 PM (2661 views)

Anyone heard of this company.... - Loretta Reed/MD
10/14/2005 1:16:42 PM (3383 views)
Re: Anyone heard of this company.... - Kurt deVries/FL
10/19/2005 12:12:30 PM (5818 views)

A word about prices... - Robert Franco/OH
10/13/2005 5:40:44 PM (3683 views)
Re: A word about prices... - Kurt deVries/FL
10/14/2005 9:39:16 AM (5339 views)
Re: A word about prices... - Robert Breakell/CT
10/14/2005 9:50:44 AM (5410 views)
Re: A word about prices... - Robert Franco/OH
10/14/2005 12:03:18 PM (5413 views)
Re: A word about prices... - Scott Perry/PA
10/14/2005 5:24:10 PM (5334 views)
Re: A word about prices... - Bo Hope/AR
10/16/2005 1:55:51 AM (5314 views)


Real Title Services


Here's my rant - Loretta Reed/MD
10/13/2005 11:05:00 AM (3074 views)
Re: Here's my rant - Iris Buchman/FL
10/13/2005 4:50:59 PM (5307 views)
Re: Here's my rant - Kurt deVries/FL
10/14/2005 9:36:24 AM (5315 views)
Re: Here's my rant - Jay Duncan/MO
10/14/2005 1:44:49 PM (5318 views)
Re: Here's my rant - Matt Papsch/MD
10/13/2005 5:35:02 PM (5263 views)
Re: Here's my rant - Loretta Reed/MD
10/14/2005 11:47:19 AM (5467 views)
Re: Here's my rant - Robert Franco/OH
10/14/2005 12:12:08 PM (5279 views)
Re: Here's my rant - Wendi See/SC
10/15/2005 10:24:17 PM (5233 views)

Refaxing - Danielle Nelson/WI
10/12/2005 2:14:31 PM (3097 views)
Re: Refaxing - STEVE MEINECKE/VA
10/12/2005 3:00:22 PM (5201 views)
Re: Refaxing - Robert Franco/OH
10/12/2005 3:28:29 PM (8768 views)
Re: Refaxing - Larry Crooks/OH
10/13/2005 8:45:13 AM (5206 views)
Re: Refaxing - Danielle Nelson/WI
10/13/2005 11:38:05 AM (5907 views)
Re: Refaxing - Lisa Ramsey/TX
10/14/2005 9:55:23 AM (5236 views)
Re: Refaxing - Kelly Chamblee/OH
10/13/2005 1:37:01 PM (5178 views)
Re: Refaxing - Robert Franco/OH
10/13/2005 2:38:26 PM (5226 views)
Re: Refaxing - Susan Matson/MN
10/17/2005 9:31:57 AM (5541 views)

Rant! - Tammy Knight/MO
10/12/2005 12:49:24 AM (3025 views)
Re: Rant! - Kurt deVries/FL
10/12/2005 2:02:22 PM (5039 views)
Re: Rant! - Robert Franco/OH
10/12/2005 3:11:23 PM (4992 views)

Excellent topic for discussion...  It is unfortunate that abstractors do not have an efficient course of action when clients fail to make payments.   There are several options, but they all have some level of difficulty or risk associated with them.

LEGAL ACTION - As Kevin Ahern has pointed out, the law provides for remedies in such cases.  However, the legal fees associated often make the use of the court system cost prohibitive.  Even if you win, you are still in a position of having to expend further efforts collecting on a judgment.

COLLECTION AGENCIES - This often is unsatisfying because even if the collection agency is successful, they are going to take a large portion of the amount collected.  Sometimes, collection agencies offer services with up-front fees that could be wasted if payment is not obtained.

RANSOM - Some abstractors have held work hostage for payment of delinquent accounts.  This can be risky.  In the case where the abstractor holds a filing, if an intervening lien is filed while the abstractor is holding the documents I would imagine that there would be some liability involved.  This also affects the borrower, or homeowner, and not just the client.  I never recommend holding filings - either file them or return them to the client immediately.  Holding new search orders is not as risky in this regard, as long as you let the client know that you are not completing the order until their account is paid, however, they are likely to cancel the order and place it elsewhere; which is ineffective in trying to collect a delinquent account.

PUBLIC POSTING OF NON-PAYMENT - This is what has been referred to in the previous post by Tammy.  It costs the abstractor nothing, and could hurt the non-paying client by making it difficult for them to find other abstractors willing to take the same risks.  It seems to have been effective, as we have seen on this forum.  However, one of these days it could spawn a lawsuit by the client for libel.  Source of Title has been threatened with lawsuits in the past for not removing these posts and I cringe every time I see one.  However, this is a public forum and Source of Title disclaims any liability for the content of the posts.  The forums are not censored and the person posting the information accepts full liability for the content.  Still, I do not encourage this type of posting. 

BLACK-LISTING - Creating lists of "dead-beat" clients has been suggested many times on this forum.  It would serve the purpose of letting other clients know what clients have a reputation of not paying their abstractors, however, there is no good way to verify the information.  We have all had clients that we have had good experiences with that others complain about, and vice versa.  Even more so than a single posting on the forum, this type of behavior could result in a lawsuit. I certainly would not be willing to participate in such a list.

Unfortunately, there is no good way to collect from a client that is just not willing to step-up and pay for the work they order.  Due to the nature of the business, abstractors are in a very weak bargaining position.  There are always going to be other abstractors willing to take on new business and accept the risk of not being paid.

Cut clients off early, before they owe too much.  Don't do any more work for them and consider it a learning experience.  If it is truly a large balance, it may be worth pursuing legal action.

I wish I had better advice... if anyone else does, please share it.

Best,
Robert A. Franco
SOURCE OF TITLE

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Re: Rant! - Scott Perry/PA
10/12/2005 6:03:33 PM (4910 views)
Re: Rant! - Kevin Ahern/CT
10/12/2005 5:06:42 PM (4948 views)
Re: Rant! - LAWANDA MCMILLIAN/AR
10/12/2005 8:21:41 PM (4925 views)
Re: Rant! - Scott Perry/PA
10/12/2005 10:02:17 PM (4952 views)
Re: Rant! - Robert Franco/OH
10/13/2005 12:26:35 AM (4944 views)
Re: Rant! - Tammy Knight/MO
10/13/2005 1:22:50 AM (4917 views)
Re: Rant! - Lisa Ramsey/TX
10/14/2005 10:02:18 AM (4963 views)
Re: Rant! - Kevin Ahern/CT
10/14/2005 12:29:44 PM (4887 views)
Re: Rant! - Kevin Ahern/CT
10/14/2005 12:48:29 PM (4903 views)
Re: Rant! - Kevin Ahern/CT
10/13/2005 4:56:56 AM (4820 views)
Re: Rant! - Iris Buchman/FL
10/13/2005 4:44:01 PM (4870 views)
Re: Rant! - Kevin Ahern/CT
10/14/2005 8:06:47 AM (4844 views)
Re: Rant! - Tammy Knight/MO
10/16/2005 10:08:48 PM (4905 views)
Re: Rant! - Kevin Ahern/CT
10/17/2005 8:21:44 AM (5257 views)

Erevna? - Tammy Knight/MO
10/12/2005 12:28:49 AM (3121 views)
Re: Erevna? - Tammy Knight/MO
10/12/2005 12:29:48 AM (4830 views)
Re: Erevna? - Becky Kale/IL
10/17/2005 2:15:26 PM (5142 views)

United Document Services of East Northport - JENNIFER HOLZMAN/PA
10/11/2005 1:24:41 PM (3026 views)
Re: United Document Services of East Northport - Scott Perry/PA
10/11/2005 7:24:54 PM (4872 views)

Abstractor Educational Workshops!!! - Jay Duncan/MO
10/7/2005 8:06:03 AM (3615 views)

Are you going to vote? - Jay Duncan/MO
10/7/2005 8:03:07 AM (2731 views)
Re: Are you going to vote? - Robert Franco/OH
10/7/2005 3:44:19 PM (4709 views)

WORKING CONDITIONS - Scott Perry/PA
10/6/2005 11:33:25 PM (2976 views)
Re: WORKING CONDITIONS - Lou Legaspi/IL
10/7/2005 7:30:22 AM (4765 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/7/2005 7:39:40 AM (4639 views)
Re: WORKING CONDITIONS - monica froese/ME
10/7/2005 9:20:14 PM (4721 views)
Re: WORKING CONDITIONS - Kelli Gorman/TX
10/10/2005 10:32:58 PM (4669 views)
Re: WORKING CONDITIONS - george Hubka/MI
10/7/2005 10:37:13 PM (4771 views)
Re: WORKING CONDITIONS - Helene/GA
10/8/2005 12:36:52 AM (4613 views)
Re: WORKING CONDITIONS - Anne Gilbert/VT
10/8/2005 7:29:57 AM (4670 views)
Re: WORKING CONDITIONS - Kelli Gorman/TX
10/10/2005 10:34:58 PM (4733 views)
Re: WORKING CONDITIONS - David Jenkins/PA
10/9/2005 4:51:44 PM (4617 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/9/2005 6:41:11 PM (4602 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/10/2005 3:31:03 PM (4627 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/10/2005 9:01:36 PM (4574 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/10/2005 9:45:44 PM (4539 views)
Re: WORKING CONDITIONS - David Bloys/TX
10/10/2005 11:03:28 PM (4555 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/10/2005 11:15:25 PM (4498 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/10/2005 11:13:11 PM (4398 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/11/2005 10:57:24 AM (4506 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/11/2005 9:49:57 PM (4397 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/11/2005 11:14:15 PM (4394 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/12/2005 12:03:15 AM (4416 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/12/2005 9:01:09 AM (4411 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/12/2005 9:59:41 PM (4421 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/13/2005 9:39:27 AM (4265 views)
Re: WORKING CONDITIONS - Robert Franco/OH
10/13/2005 10:43:45 AM (4234 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/13/2005 6:27:31 PM (4312 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/14/2005 9:10:26 PM (4294 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/14/2005 11:38:36 PM (4357 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/15/2005 2:17:00 PM (4416 views)
Re: WORKING CONDITIONS - george Hubka/MI
10/11/2005 9:09:22 PM (4711 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/11/2005 10:50:27 PM (4349 views)
Re: WORKING CONDITIONS - Robert Franco/OH
10/11/2005 11:29:28 PM (4374 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/12/2005 8:46:58 AM (4334 views)
Re: WORKING CONDITIONS - Robert Franco/OH
10/11/2005 1:20:16 PM (4514 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/12/2005 7:38:19 AM (4372 views)

ATA - Iris Buchman/FL
10/6/2005 1:17:26 AM (2956 views)
Re: ATA - Kurt deVries/FL
10/6/2005 11:21:11 AM (4681 views)
Re: ATA - Iris Buchman/FL
10/6/2005 4:09:20 PM (4658 views)
Re: ATA - Anne Gilbert/VT
10/7/2005 6:18:04 AM (4704 views)
Re: ATA - Iris Buchman/FL
10/7/2005 8:08:38 AM (4498 views)
Re: ATA - michelle foskey/GA
10/24/2005 2:05:34 PM (4696 views)

Be Clear with your Client - Wanda Steudel/OH
10/5/2005 5:13:39 PM (2754 views)
Re: Be Clear with your Client - David Bloys/TX
10/5/2005 5:36:10 PM (4397 views)
Re: Be Clear with your Client - Scott Perry/PA
10/5/2005 7:17:55 PM (4461 views)
Re: Be Clear with your Client - David Bloys/TX
10/5/2005 8:26:52 PM (6038 views)
Re: Be Clear with your Client - Scott Perry/PA
10/5/2005 10:30:11 PM (4555 views)
Re: Be Clear with your Client - Kurt deVries/FL
10/6/2005 11:25:11 AM (4512 views)
Re: Be Clear with your Client - Robert Franco/OH
10/6/2005 11:38:24 AM (4414 views)
Re: Be Clear with your Client - Wanda Steudel/OH
10/6/2005 1:02:20 PM (4449 views)
Re: Be Clear with your Client - Larry Crooks/OH
10/10/2005 5:01:33 PM (4370 views)


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