Curious here; when I first started out independent, I did title work for a company that paid on a percentage basis upon the recommendation of another abstractor. This company covered you under their E & O and told me up front that if the loan didn't close or they did not got pd., I would not get pd. Well, after about 6 mos., I no longer would do work for them; they were mostly full searches--the payments were poor. I believe about 40% of the searches I did were not paid. Thank goodness I got paid for the commercial title work I did! The other abstractor has hired a collections atty. as this corporation owes him many thousands of dollars,, while they may owe me 2K. (I did not do a lot of work for them but quickly learned not to). I have already written it off; he wants to include me in his lawsuit. It won't cost me anything but I think it is a lost cause. He is a very nice guy but I don't see how how he will get any money if he was told the same thing I was. Just wanted some opinions here!
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