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Guaranteed Payment System - Scott Aduddell/MO
7/27/2011 11:07:56 AM (3589 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/27/2011 11:59:06 AM (5861 views)
Re: Guaranteed Payment System - Kym/NJ
7/27/2011 1:21:25 PM (5778 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/27/2011 5:19:26 PM (5902 views)
Re: Guaranteed Payment System - Randolph/VT
7/27/2011 10:08:53 PM (5847 views)
Re: Guaranteed Payment System - Branden Rodgers/OH
7/28/2011 3:27:05 PM (5734 views)
Re: Guaranteed Payment System - Scott Aduddell/MO
7/28/2011 8:38:00 PM (5828 views)
Re: Guaranteed Payment System - Patrick Scott/IL
7/28/2011 11:45:07 PM (5806 views)

I think I may be missing something here.  Is the client actually releasing funds into an escrow account, to be held until the agreed upon payment date?  And, if so, who controls the escrow account(s)?  Is that how the client commits to payment?

If the client is required to release funds prior to downloading the search, then the money's gone.  So why not pay the abstractor right then and there?  Why wait until some future date?  Unless, that's how you would earn your profit, from interest on the account(s), in which case, I applaud your ingenuity.

I doubt, however, that it will ever get off the ground.  There are any number of reasons why the client does not pay the abstractor up front.  And I don't think adding an extra step for them to get their product is going to do much to induce them to turn their accounting systems upside down, as well as their order production and management systems - which often involve the abstractor typing the report directly into their system. 

I would not be the first to sign on to your program, because then I, and those who join me as your clients, are going to lose half of our customers right off the bat. 

And what about this?  If you control all that money destined for abstractors, what's to stop you from running off with it at some point?  Wouldn't be the first time an escrow account was raided.

Nice idea.  And good for you, thinking outside the box.  Unless I'm misunderstanding how it would work, which would not be the first time, it ain't gonna happen.

 

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Re: Guaranteed Payment System - Scott Aduddell
8/1/2011 4:45:24 PM (5687 views)
Re: Guaranteed Payment System - Branden Rodgers/OH
8/1/2011 3:36:40 PM (5672 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/29/2011 10:43:01 AM (5887 views)
Re: Guaranteed Payment System - William Pattison /CA
8/1/2011 11:47:23 AM (5607 views)
Re: Guaranteed Payment System - John Campbell/CA
2/6/2012 8:16:07 PM (4659 views)
Re: Guaranteed Payment System - Scott Perry/PA
2/8/2012 9:25:08 AM (4413 views)
Re: Guaranteed Payment System - Robert Franco/OH
2/8/2012 10:34:24 AM (4420 views)

Update on New Millenium Title - Leigh Attridge/MA
7/27/2011 8:50:37 AM (3751 views)
Re: Update on New Millenium Title - steve-o title/TX
8/2/2011 4:03:20 PM (5457 views)
Re: Update on New Millenium Title - Stephenie Page/RI
9/7/2011 7:48:20 PM (5068 views)

Day Late & A Dollar Short - New Millenium Title - Leigh Attridge/MA
7/26/2011 8:48:33 AM (3983 views)
Re: Day Late & A Dollar Short - New Millenium Title - Stephen Williams/MO
8/1/2011 6:00:54 PM (5341 views)
Re: Day Late & A Dollar Short - New Millenium Title - Leigh Attridge/MA
8/2/2011 7:57:19 AM (5409 views)

Massachusetts single family home sales post worst June in two decades - Leigh Attridge/MA
7/26/2011 8:31:39 AM (3968 views)

Nxt Generation Title Services - Theresa Ritz/WV
7/25/2011 2:51:21 PM (3468 views)
Re: Nxt Generation Title Services - Chris Meier/OH
7/31/2011 12:00:17 PM (5641 views)
Re: Nxt Generation Title Services - Theresa Ritz/WV
8/23/2011 2:15:56 PM (4955 views)




American Abstract - Jason Knowles/AL
7/25/2011 1:07:22 PM (4213 views)
Re: American Abstract - rod hefner/KS
7/25/2011 2:03:21 PM (5634 views)
Re: American Abstract - William Pattison /CA
7/25/2011 2:36:22 PM (5487 views)
Re: American Abstract - Suzi Wallace/CA
7/25/2011 6:36:22 PM (5560 views)
Re: American Abstract - Ron McPherson/IA
7/25/2011 8:13:41 PM (5538 views)
Different Firms; similar names verified - William Pattison /CA
8/1/2011 11:51:30 AM (5276 views)

Comment on "Foreclosure Mills Create Title Problems That Can Be Difficult To Cure or Insure" - Source of Title/OH
7/25/2011 12:20:02 PM (3134 views)
Hard to believe - Kristine Bjorge/OR
7/25/2011 12:20:02 PM (4891 views)

Ameristar - WAYNE QUICK/NC
7/25/2011 10:42:57 AM (3708 views)
Re: Ameristar - Kristine Bjorge/OR
7/25/2011 1:03:21 PM (5286 views)
Re: Ameristar - Jason Knowles/AL
7/25/2011 1:09:45 PM (5119 views)
Re: Ameristar - Sharon Yahraes/ID
7/25/2011 1:16:12 PM (5408 views)
Re: Ameristar - WAYNE QUICK/NC
7/25/2011 2:28:54 PM (5141 views)

Payoff statement & title insurance - Amir Athari/TX
7/25/2011 10:07:32 AM (2898 views)

The Banks Still Want a Waiver - Leigh Attridge/MA
7/24/2011 5:54:27 PM (3624 views)

Docs RN - General Annoucement - Gerry/TN
7/24/2011 12:15:13 AM (5305 views)
Re: Docs RN - General Annoucement - Abstractor/AL
7/25/2011 1:23:27 PM (5000 views)
Re: Docs RN - General Annoucement - Abstractor/CA
2/6/2012 8:11:15 PM (3896 views)

Abstrax llc / Linear Title - LEO POVEDA/CA
7/22/2011 4:36:47 PM (4702 views)
Re: Abstrax llc / Linear Title - Leigh Attridge/MA
7/23/2011 12:58:23 PM (5665 views)
Re: Abstrax llc / Linear Title - LEO POVEDA/CA
7/23/2011 2:11:20 PM (6012 views)
Re: Abstrax llc / Linear Title - Kathleen Truax/WI
7/25/2011 10:36:12 AM (5355 views)
Re: Abstrax llc / Linear Title - Jason Knowles/AL
7/25/2011 1:03:01 PM (5374 views)
Re: Abstrax llc / Linear Title - Leigh Attridge/AK
7/25/2011 1:11:27 PM (5654 views)
Re: Abstrax llc / Linear Title - Kathleen Truax/WI
7/25/2011 3:17:33 PM (5472 views)
Re: Abstrax llc / Linear Title - Brandon/MI
7/27/2011 11:38:37 AM (5413 views)
Re: Abstrax llc / Linear Title - Ron McPherson/IA
7/25/2011 7:37:02 PM (5408 views)
Re: Abstrax llc / Linear Title - Brandon/MI
8/4/2011 11:17:10 AM (5194 views)
Re: Abstrax llc / Linear Title - MELISA LISK/MI
9/1/2011 12:28:21 PM (4882 views)

Countrywide to Repay Borrowers - Leigh Attridge/MA
7/21/2011 4:21:03 PM (3716 views)

Comment on "Robo-Signing: Business as usual" - Source of Title/OH
7/21/2011 3:12:11 PM (3044 views)
smoking gun - William Pattison /CA
7/21/2011 3:12:11 PM (4644 views)

What to pay a sales rep? - Ray Young/GA
7/20/2011 5:22:57 PM (3112 views)
Re: What to pay a sales rep? - Donna McCullough/SC
7/20/2011 7:07:28 PM (4801 views)
Re: What to pay a sales rep? - Ray Young/GA
7/21/2011 3:50:36 PM (4533 views)


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