Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



[+] VKM Title - Diane Sherrill/SC (1 reply)
5/24/2023 12:16:43 PM (1117 views)

[+] Robert Franco and sourceoftitle.com - Patty Baber/CA (7 replies)
5/23/2023 12:47:12 PM (1688 views)

[+] AVANZE/ FUGO/ VISTRO INFO - William Stuart/AL (20 replies)
5/15/2023 3:53:24 PM (1950 views)

States dumping the torrens registry system - Randi Erickson/MN
5/15/2023 10:23:51 AM (1118 views)

[+] Collection Agencies - Patty Baber/CA (6 replies)
5/15/2023 9:26:42 AM (1169 views)




Diverse Title - Jason Knowles/AL
5/11/2023 11:47:13 AM (1115 views)

Compexinc - Joyce Harper/OH
5/11/2023 8:35:34 AM (902 views)

[+] UPDATE TO AVANZE NON-PAYMENT - Mike Gottardi/TX (5 replies)
5/9/2023 6:52:59 PM (1456 views)

[-] Put a lien on properties we searched - Patty Baber/CA (10 replies)
5/9/2023 5:32:17 PM (1741 views)
Re: Put a lien on properties we searched - Kurt deVries/FL
5/10/2023 10:11:23 AM (1973 views)
Re: Put a lien on properties we searched - Victoria  Wertz/GA
5/11/2023 9:31:20 AM (1899 views)

I suspect you can't (nor can anyone else) because you don't have a contract with the homeowner.  They didn't ask you for any services.    You could take the company to court, get a judgment, however, collecting on that judgment will be tough.  Also, consider the expense involved, since I think you may be able to file where your company is located, however serving the other party may prove difficult and expensive.  Additionally, since it's a company, you will have a hard time trying to pierce the corporate veil, and you  have no personal guarantees from management as individuals.  Also if the company ceases to exist, your judgment is worthless. Bottom line, it's a risk we all take and sometime it does not end well.    The other potential issue may be in the vendor management package you may have signed that states you have to sit for arbitration vs. going to court. I hope you can take it as a loss write off against your taxes.

The other option that may be a possibility is that you could 1099 the company (i.e. to the IRS and you'd have to have their EIN) for the amount owed since you'd have to write it off and I believe they then have to pay taxes on it.  I seem to remember lenders doing this to foreclosed borrower for losses incurred vs. filing a deficiency judgment. 

to post a reply: login - or - register


Re: Put a lien on properties we searched - Paige Dunn/GA
5/15/2023 9:07:21 AM (1729 views)
Re: Put a lien on properties we searched - Patty Baber/CA
5/15/2023 9:17:03 AM (1723 views)
Re: Put a lien on properties we searched - Michael RAFFERTY/VA
5/22/2023 11:54:21 AM (1711 views)
Re: Put a lien on properties we searched - Diane Price/FL
5/22/2023 10:11:22 AM (1551 views)
Re: Put a lien on properties we searched - Constance Foye/VA
5/22/2023 11:30:10 AM (1523 views)
Re: Put a lien on properties we searched - Patty Baber/CA
5/23/2023 12:06:12 PM (1503 views)
Re: Put a lien on properties we searched - Michael Ebersole/PA
5/22/2023 11:37:03 AM (1568 views)
Re: Put a lien on properties we searched - Patty Baber/CA
5/23/2023 12:08:25 PM (1467 views)

SanRit Technologies - No Pay - Patty Baber/CA
5/9/2023 1:15:26 PM (940 views)

[+] Stellar Innovations - Randi Erickson/MN (6 replies)
5/8/2023 4:58:40 PM (1542 views)

[+] Avanze - Jay Duncan/MO (5 replies)
5/8/2023 10:01:57 AM (1213 views)

[+] At Home Title MN - Regina  Engebritson/MN (3 replies)
5/5/2023 8:04:08 AM (1210 views)

[+] Infinity International Processing Services NO PAY - Patty Baber/CA (7 replies)
5/3/2023 2:25:10 PM (1102 views)

[+] AVANZE NON-PAYMENT - Mike Gottardi/TX (2 replies)
5/1/2023 6:57:05 PM (1207 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8947 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

How Security American Title Supports Right of Way (ROW) Projects
Security American's Blog
2025/05/05
0 comments

USA-based Abstractors - Part 1
Denise. Williams.'s Blog
2025/01/31
0 comments

Title Search in Maryland
Security American's Blog
2025/01/23
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Remodeling Market Poised for Growth as the Age of Owner-Occupied Homes Increases
“The aging housing stock continues to drive remodeling projects as home owners are increasingly choosing to tap in...
Stewart Title Insurance Company Merges with Stewart Title Guaranty Company in New York
“Operating as STGC in New York will allow us to better serve our New York customers by accessing all of our underw...
Pending Home Sales Jumped 6.1% in March
"Home buyers are acutely sensitive to even minor fluctuations in mortgage rates," said NAR Chief Economist Lawrence Yun....
Mortgage Applications Decrease in Latest MBA Weekly Survey
“Mortgage rates were little changed last week with the 30-year fixed rate at 6.89 percent. Mortgage application ac...
Q1 GDP Commentary from MBA's Mike Fratantoni
"Economic growth went negative in the first quarter as businesses rushed to import goods before tariffs went into effect...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.