This topic reminds me of the old adage:
A bookkeeper approaches his boss and says "I've just done the books and we are losing a few dollars on EVERY transaction." The boss looks at him and says, "Relax, we'll make it up in volume."
It is tough for a professional abstractor, or search firm, to compete with these "discount" searchers. They don't spend the time to do the job right, they don't have E&O and often times they have no office overhead (no employees, no heath care coverage, no utilities, etc...); of course they can do it for next to nothing. I know if we tried to compete with these prices we would have more work than we could handle and lose a few dollars on each search - can't do it, won't do it.
Robert A. Franco
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