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Guaranteed Payment System - Scott Aduddell/MO
7/27/2011 11:07:56 AM (3662 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/27/2011 11:59:06 AM (6202 views)
Re: Guaranteed Payment System - Kym/NJ
7/27/2011 1:21:25 PM (6113 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/27/2011 5:19:26 PM (6236 views)
Re: Guaranteed Payment System - Randolph/VT
7/27/2011 10:08:53 PM (6175 views)
Re: Guaranteed Payment System - Branden Rodgers/OH
7/28/2011 3:27:05 PM (6055 views)
Re: Guaranteed Payment System - Scott Aduddell/MO
7/28/2011 8:38:00 PM (6158 views)
Re: Guaranteed Payment System - Patrick Scott/IL
7/28/2011 11:45:07 PM (6141 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 (6059 views)
Re: Guaranteed Payment System - Branden Rodgers/OH
8/1/2011 3:36:40 PM (6016 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/29/2011 10:43:01 AM (6238 views)
Re: Guaranteed Payment System - William Pattison /CA
8/1/2011 11:47:23 AM (5955 views)
Re: Guaranteed Payment System - John Campbell/CA
2/6/2012 8:16:07 PM (5002 views)
Re: Guaranteed Payment System - Scott Perry/PA
2/8/2012 9:25:08 AM (4751 views)
Re: Guaranteed Payment System - Robert Franco/OH
2/8/2012 10:34:24 AM (4749 views)

Update on New Millenium Title - Leigh Attridge/MA
7/27/2011 8:50:37 AM (3868 views)
Re: Update on New Millenium Title - steve-o title/TX
8/2/2011 4:03:20 PM (5849 views)
Re: Update on New Millenium Title - Stephenie Page/RI
9/7/2011 7:48:20 PM (5393 views)

Day Late & A Dollar Short - New Millenium Title - Leigh Attridge/MA
7/26/2011 8:48:33 AM (4059 views)
Re: Day Late & A Dollar Short - New Millenium Title - Stephen Williams/MO
8/1/2011 6:00:54 PM (5685 views)
Re: Day Late & A Dollar Short - New Millenium Title - Leigh Attridge/MA
8/2/2011 7:57:19 AM (5791 views)

Massachusetts single family home sales post worst June in two decades - Leigh Attridge/MA
7/26/2011 8:31:39 AM (4062 views)

Nxt Generation Title Services - Theresa Ritz/WV
7/25/2011 2:51:21 PM (3551 views)
Re: Nxt Generation Title Services - Chris Meier/OH
7/31/2011 12:00:17 PM (5984 views)
Re: Nxt Generation Title Services - Theresa Ritz/WV
8/23/2011 2:15:56 PM (5301 views)




American Abstract - Jason Knowles/AL
7/25/2011 1:07:22 PM (4304 views)
Re: American Abstract - rod hefner/KS
7/25/2011 2:03:21 PM (5984 views)
Re: American Abstract - William Pattison /CA
7/25/2011 2:36:22 PM (5986 views)
Re: American Abstract - Suzi Wallace/CA
7/25/2011 6:36:22 PM (5894 views)
Re: American Abstract - Ron McPherson/IA
7/25/2011 8:13:41 PM (5868 views)
Different Firms; similar names verified - William Pattison /CA
8/1/2011 11:51:30 AM (5634 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 (3211 views)
Hard to believe - Kristine Bjorge/OR
7/25/2011 12:20:02 PM (5205 views)

Ameristar - WAYNE QUICK/NC
7/25/2011 10:42:57 AM (3789 views)
Re: Ameristar - Kristine Bjorge/OR
7/25/2011 1:03:21 PM (5594 views)
Re: Ameristar - Jason Knowles/AL
7/25/2011 1:09:45 PM (5416 views)
Re: Ameristar - Sharon Yahraes/ID
7/25/2011 1:16:12 PM (5722 views)
Re: Ameristar - WAYNE QUICK/NC
7/25/2011 2:28:54 PM (5443 views)

Payoff statement & title insurance - Amir Athari/TX
7/25/2011 10:07:32 AM (3012 views)

The Banks Still Want a Waiver - Leigh Attridge/MA
7/24/2011 5:54:27 PM (3732 views)

Docs RN - General Annoucement - Gerry/TN
7/24/2011 12:15:13 AM (5370 views)
Re: Docs RN - General Annoucement - Abstractor/AL
7/25/2011 1:23:27 PM (5300 views)
Re: Docs RN - General Annoucement - Abstractor/CA
2/6/2012 8:11:15 PM (4198 views)

Abstrax llc / Linear Title - LEO POVEDA/CA
7/22/2011 4:36:47 PM (4804 views)
Re: Abstrax llc / Linear Title - Leigh Attridge/MA
7/23/2011 12:58:23 PM (5995 views)
Re: Abstrax llc / Linear Title - LEO POVEDA/CA
7/23/2011 2:11:20 PM (6367 views)
Re: Abstrax llc / Linear Title - Kathleen Truax/WI
7/25/2011 10:36:12 AM (5703 views)
Re: Abstrax llc / Linear Title - Jason Knowles/AL
7/25/2011 1:03:01 PM (5720 views)
Re: Abstrax llc / Linear Title - Leigh Attridge/AK
7/25/2011 1:11:27 PM (6014 views)
Re: Abstrax llc / Linear Title - Kathleen Truax/WI
7/25/2011 3:17:33 PM (5811 views)
Re: Abstrax llc / Linear Title - Brandon/MI
7/27/2011 11:38:37 AM (5782 views)
Re: Abstrax llc / Linear Title - Ron McPherson/IA
7/25/2011 7:37:02 PM (5745 views)
Re: Abstrax llc / Linear Title - Brandon/MI
8/4/2011 11:17:10 AM (5535 views)
Re: Abstrax llc / Linear Title - MELISA LISK/MI
9/1/2011 12:28:21 PM (5222 views)

Countrywide to Repay Borrowers - Leigh Attridge/MA
7/21/2011 4:21:03 PM (3829 views)

Comment on "Robo-Signing: Business as usual" - Source of Title/OH
7/21/2011 3:12:11 PM (3144 views)
smoking gun - William Pattison /CA
7/21/2011 3:12:11 PM (4996 views)

What to pay a sales rep? - Ray Young/GA
7/20/2011 5:22:57 PM (3180 views)
Re: What to pay a sales rep? - Donna McCullough/SC
7/20/2011 7:07:28 PM (5127 views)
Re: What to pay a sales rep? - Ray Young/GA
7/21/2011 3:50:36 PM (4875 views)


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