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1 in 3 homeowners underwater? - Garret  Fitzgerald/VA
5/11/2011 12:07:14 PM (3669 views)
Re: 1 in 3 homeowners underwater? - Robert Franco/OH
5/11/2011 12:46:53 PM (2378 views)
Re: 1 in 3 homeowners underwater? - Kevin Ahern/CT
5/11/2011 1:09:14 PM (2253 views)
Re: 1 in 3 homeowners underwater? - William Pattison /CA
5/11/2011 1:26:14 PM (2389 views)
Re: 1 in 3 homeowners underwater? - Scott Perry/PA
5/11/2011 4:44:30 PM (2505 views)
Re: Thank you... - Robert Franco/OH
5/11/2011 4:58:32 PM (2348 views)
Re: Thank you... - Scott Perry/PA
5/11/2011 5:32:35 PM (2301 views)
Re: Thank you... - Slade Smith/OH
5/11/2011 8:04:58 PM (2339 views)
Re: Thank you... - Scott Perry/PA
5/14/2011 10:40:03 AM (3661 views)
Re: Thank you... - Slade Smith/OH
5/14/2011 6:20:59 PM (2325 views)
Re: 1 in 3 homeowners underwater? - Mark Pierson/FL
5/16/2011 9:48:14 AM (2065 views)
Re: 1 in 3 homeowners underwater? - Slade Smith/OH
5/11/2011 7:50:08 PM (2291 views)
Re: 1 in 3 homeowners underwater? - Scott Perry/PA
5/14/2011 11:39:31 AM (2272 views)
Re: 1 in 3 homeowners underwater? - Kevin McCarthy/AR
5/16/2011 1:46:22 AM (2135 views)
Re: 1 in 3 homeowners underwater? - Scott Perry/PA
5/16/2011 7:15:02 AM (2147 views)
Re: 1 in 3 homeowners underwater? - Robert Franco/OH
5/16/2011 8:24:11 AM (2151 views)
Re: 1 in 3 homeowners underwater? - Janis Talbot/SC
5/16/2011 8:56:12 AM (2135 views)

Round the Clock Docs - Sandra Harold/KS
5/11/2011 11:35:38 AM (4991 views)
Re: Round the Clock Docs - Nils Nelson/ME
5/11/2011 11:45:00 AM (2713 views)
Re: Round the Clock Docs - rod hefner/KS
5/17/2011 5:11:03 PM (2554 views)
Round the Clock Docs -- NOT Affiliated with Abstractors A Go Go - Charlie Reynolds/NJ
5/17/2011 5:54:14 PM (3022 views)

Fed Retreat on Bigger Loans Rattles Housing - Leigh Attridge/MA
5/11/2011 9:35:18 AM (2835 views)

No Mortgage Modification for me! - Paula Reynolds/FL
5/10/2011 5:56:32 PM (2637 views)
Re: No Mortgage Modification for me! - Garret  Fitzgerald/VA
5/11/2011 12:09:18 PM (2217 views)
Re: No Mortgage Modification for me! - john franz/NJ
5/16/2011 8:59:28 AM (2078 views)
Re: No Mortgage Modification for me! - Janis Talbot/SC
5/16/2011 9:04:02 AM (1972 views)

Comment on "Another County Looks to Recover Lost Fees from MERS" - Source of Title/OH
5/10/2011 2:59:01 PM (2461 views)
MERS - Lee Holzinger/CA
5/10/2011 2:59:01 PM (3743 views)


Real Title Services


What is Reasonable? - Carl Litchfield/SC
5/9/2011 7:54:04 PM (2609 views)
Re: What is Reasonable? - Jessica Talley/FL
5/10/2011 9:02:44 AM (2208 views)
Re: What is Reasonable? - Donna McCullough/SC
5/10/2011 9:06:42 PM (2188 views)
Re: What is Reasonable? - Kevin Ahern/CT
5/11/2011 8:27:04 AM (2197 views)

You have to be careful about assessing late charges. The law permitting them is state specific. In Connecticut you can not charge interest/ late fees unless there is a statute that permits it or you have a contract with the client that permits it.

You also have to be mindful of usuary laws in the forum state. Although I think that a commercial transaction such as you describe is not subject to these laws, it would be a good idea to consult the law of the forum state. In Connecticut usurious interest/late charges make both the principal and the late charge uncollectible.

In terms of collection...don't waste your time with collection agencies. All they can do is make threatening telephone calls which are limited by the Fair Credit Collection Act and write annoying letters. You are better off serving the client with a summons. Most of the time it is enough to get you paid, and you do not have to go to the expense of litigation. Sometimes just sending them a copy of the summons with a cover letter explaining that you will serve it if you are not paid is enough, but be prepared to follow through with serving it. There is something impressive about a marshal appearing in their place of business, flashing a badge and serving the papers.

Publishing your complaint on the internet or other media is not a good idea. It could lead to an ugly and expensive defamation or trade libel suit. While the truth of the statement is a defense, you would still have to go through the expense and aggtavation of defending yourself. By contrast the same statements that may be defamatory are covered in most states by a qualified/conditional privilege when alleged in a civil action. Statements made in court pleadings, depositions and testimony do not give rise to suits for defemation. However, the key word is qualified/conditional privilege. The privilege can be lost by over publication in the media. We had an ugly divorce case here in Connecticut a few years ago which apparently gained a high profile in the media. One of the litigants chose to publish remarks in the media while the case was pending, and lost the privilege through over publication.

 

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Re: What is Reasonable? - Carl Litchfield/SC
5/11/2011 11:31:16 AM (2161 views)
Re: What is Reasonable? - Dan Zook/NY
5/11/2011 3:08:17 PM (2145 views)
Re: What is Reasonable? - Janis Talbot
5/16/2011 9:14:12 AM (2021 views)

Comment on "Title Insurance Industry 2010 Performance-- in Graphs" - Source of Title/OH
5/7/2011 4:00:23 PM (2750 views)
Good Work! - Wyatt Bell/FL
5/7/2011 4:00:23 PM (2255 views)
Re: Good Work! - Slade Smith/OH
5/9/2011 2:46:07 PM (2104 views)

Home Prices Double Dip Down - Leigh Attridge/MA
5/6/2011 11:21:46 AM (3305 views)
Re: Home Prices Double Dip Down - Slade Smith/OH
5/6/2011 1:10:02 PM (2301 views)

Comment on "Ties Common Between Title Crimes and Out of Control Casino Gambling" - Source of Title/OH
5/4/2011 8:13:35 PM (2420 views)
Ho-Chunk? - J. H./OH
5/4/2011 8:13:35 PM (6283 views)
Re: Ho-Chunk? - James Powell/MI
5/5/2011 7:54:42 AM (7572 views)

Offering: current owners for $ 20! - MJDT/KS
5/4/2011 1:47:18 AM (3108 views)
Re: Offering: current owners for $ 20! - William Pattison /CA
5/5/2011 2:23:07 PM (2647 views)
Re: Offering: current owners for $ 20! - Garret  Fitzgerald/VA
5/10/2011 1:34:36 AM (2415 views)
Re: Offering: current owners for $ 20! - john franz/NJ
5/10/2011 9:40:16 AM (2357 views)
VENDOR Packages: Reject Them - William Pattison /CA
5/11/2011 1:36:37 PM (2331 views)
Re: VENDOR Packages: Reject Them - Paula Reynolds/FL
5/12/2011 3:03:33 PM (2143 views)
Re: VENDOR Packages: Reject Them - William Pattison /CA
5/31/2011 11:47:08 PM (2263 views)

ALTA's CEO is Chairman of the Board of MERS..? - Slade Smith/OH
5/3/2011 9:40:30 AM (2659 views)
Re: ALTA's CEO is Chairman of the Board of MERS..? - Robert Franco/OH
5/3/2011 11:10:40 AM (2440 views)
Re: ALTA's CEO is Chairman of the Board of MERS..? - john franz/NJ
5/10/2011 9:33:40 AM (2110 views)

Harvard University reports "affordability crisis for renters" - Leigh Attridge/MA
5/3/2011 8:34:15 AM (3325 views)
Re: Harvard University reports "affordability crisis for renters" - Abstractor/GA
5/3/2011 11:54:46 AM (2269 views)
Re: Harvard University reports "affordability crisis for renters" - Leigh Attridge/MA
5/3/2011 2:41:27 PM (3719 views)

Tri State Abstractions - Joyce Obrien/PA
5/2/2011 1:07:12 PM (3779 views)

New World - William Pattison /CA
5/2/2011 12:37:37 PM (2878 views)
Re: New World - Susan Grace/RI
5/2/2011 12:46:49 PM (2380 views)
Re: New World - Kevin Ahern/CT
5/2/2011 1:27:26 PM (2422 views)
Re: New World - Barbara Bennett/IN
5/2/2011 5:53:29 PM (2384 views)
Re: New World - Kevin Ahern/CT
5/2/2011 6:05:37 PM (2485 views)
Re: New World - William Pattison /CA
5/5/2011 2:31:00 PM (2373 views)

Off Shore Companies - Susan Grace/RI
5/2/2011 12:26:14 PM (2975 views)
Re: Off Shore Companies - William Pattison /CA
5/2/2011 12:29:56 PM (2655 views)
Re: Off Shore Companies - Susan Grace/RI
5/2/2011 12:36:32 PM (2757 views)
Re: Off Shore Companies - Barbara Bennett/IN
5/2/2011 5:55:10 PM (2800 views)
Re: Off Shore Companies - Nils Nelson/ME
5/2/2011 7:14:39 PM (3142 views)
Re: Off Shore Companies - Chris Mabie/VA
5/10/2011 3:38:29 PM (2498 views)
Dinosaur analogy - William Pattison /CA
5/11/2011 1:43:06 PM (3121 views)
Re: Dinosaur analogy - Paula Reynolds/FL
5/12/2011 3:05:16 PM (2412 views)


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