In reference to:

As far as what Robert or someone said below about competing with $25.00 searcher fees - that is what they are offering us Robert - not making on their end - it would be cutting out them and I am beginning to think that the reduction doesn't have to do with a reduction at their companies but holding on to a staff that is way to large for the influx of home equity loans to have passed. 

I realize that the $25 is what they are paying the abstractors, and they are making a nice profit.  However, my question is do you think there is enough profit in the search to operate a new company, compete for new business, and still pay the abstractors what they should be making?

Believe me, I understand the issue and I believe that there is a tremendous value in the services of the abstractors.  Abstractors do not charge anywhere near what they should - however can the new LLC compete with those other companies who have been successful in negotiating much lower prices?  Remember, the new LLC will still have considerable operating expenses.

You aren't really "cutting out" anything, you are just replacing the management with your own.  The new entity will still have to compete in the marketplace with companies that are not paying the abstractors a fair wage.  Obviously the higher fees for the abstractors will result in a lower profit for the company - my question is:  Is there enough profit in it to pay the fees the abstractors so rightly deserve?

Best,
Robert A. Franco
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