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[+] Can you believe this?? - Michaela Urban/OH (15 replies)
7/25/2005 11:09:56 AM (2572 views)

[+] Shamrock Title, LLC - Smitty Strickland/SC (2 replies)
7/23/2005 6:45:29 PM (2636 views)

[+] Is Anyone Interested In? - Lisa Ramsey/TX (2 replies)
7/22/2005 5:15:21 PM (2520 views)

[+] TITLESEARCH USA - Marilyn Parker/IL (13 replies)
7/21/2005 12:23:11 PM (2625 views)

[+] ...ummm...dont be offended... - Ellen Malloy/MO (13 replies)
7/19/2005 3:34:59 PM (2601 views)


Real Title Services


[+] a better way to email doc? - Donna Grady/NC (14 replies)
7/17/2005 12:18:26 AM (2416 views)

[+] NALTEA Certification - Jodi Earls/MI (3 replies)
7/15/2005 1:40:32 PM (2402 views)

[+] An instant messaging idea.. - SHARON YAHRAES/ID (8 replies)
7/15/2005 2:11:08 AM (2353 views)

[+] Marc Davis Strikes Again! - J.T. Shoemaker/NY (9 replies)
7/13/2005 4:16:31 PM (2734 views)

[+] National Title Department Promotion - J.T. Shoemaker/NY (2 replies)
7/12/2005 9:02:02 PM (2483 views)

Frustrated Abstractors Should Speak Out - Jarrod Clabaugh/OH
7/12/2005 4:40:01 PM (1969 views)

[-] Anyone frustrated lately . . .??? - Michaela Urban/OH (13 replies)
7/12/2005 1:27:07 PM (2384 views)
Re: Anyone frustrated lately . . .??? - Robert Franco/OH
7/12/2005 1:39:41 PM (2990 views)
Re: Anyone frustrated lately . . .??? - Kevin Ahern/CT
7/12/2005 2:58:27 PM (3038 views)
Re: Anyone frustrated lately . . .??? - Michaela Urban/OH
7/12/2005 4:17:05 PM (2877 views)
Re: Anyone frustrated lately . . .??? - Matthew DeLand/NY
7/12/2005 4:23:07 PM (2710 views)
Re: Anyone frustrated lately . . .??? - Scott Perry/PA
7/12/2005 5:34:18 PM (2698 views)
Re: Anyone frustrated lately . . .??? - Kevin Ahern/CT
7/12/2005 6:09:23 PM (2750 views)

With respect to the VM's attempting to cut costs to attract new clients, therein lies the problem. They assume that the abstractor will do the same. As you have indicated they dangle the promise of volume in return for a discount. The volume usually does not last for more than a few weeks or months at most, and then declines. However, they expect the abstractor to continue the volume discount price when there is no volume to justify it. I am all for a free enterprise system, but this induistry seems to run contrary to Adam Smith's view of things in the "Wealth of Nations".

The abstractors in this area have had it. They are either leaving the field or widening the scope of the services they offer to make themselves less dependent on abstracting fees.The price of the current owner search that most of the VM's/Title Companys want is already at rock bottom. Add to that the insane price of gasoline, the prorated cost of e & o insurance and your administrative expenses, and there is no room for further price reduction. This is probably the only industry that I have seen which runs contrary to the price/wage inflationary spiral.

The problem is exascerbated when you add low end under capitalized title company's to the mix.( i.e. Companies which can't pay the abstractor because of cash flow problems and try to fault the abstractor to rationalize their position.)

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Re: Anyone frustrated lately . . .??? - Scott Perry/PA
7/12/2005 7:23:24 PM (2701 views)
Re: Anyone frustrated lately . . .??? - Michaela Urban/OH
7/12/2005 10:31:22 PM (2685 views)
Re: Anyone frustrated lately . . .??? - Rachel Malone/PA/PA
7/20/2005 5:34:11 PM (2642 views)
Re: Anyone frustrated lately . . .??? - Steve Schneider/IN
7/13/2005 1:53:34 PM (2654 views)
Re: Anyone frustrated lately . . .??? - Michaela Urban/OH
7/13/2005 5:12:24 PM (2625 views)
Re: Anyone frustrated lately . . .??? - Lisa Ramsey/TX
7/13/2005 10:51:26 PM (2715 views)
Re: Anyone frustrated lately . . .??? - Patrick Scott/IL
7/14/2005 11:09:15 AM (2683 views)

[+] Has Anyone had experience with these two companies? - Matt Papsch/MD (5 replies)
7/12/2005 8:30:18 AM (2928 views)

[+] E & O - Wendi See/SC (4 replies)
7/11/2005 8:29:33 PM (2444 views)

[+] ...and in the "Dumb Question Department"... - Scott Perry/PA (10 replies)
7/11/2005 6:11:00 PM (2439 views)


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