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Okay, another question. - Tammy Knight/MO
10/16/2005 10:18:06 PM (3526 views)
Re: Okay, another question. - Scott Perry/PA
10/16/2005 10:40:01 PM (6226 views)
Re: Okay, another question. - Kim Cowles/FL
10/17/2005 11:27:03 AM (6431 views)
Re: Okay, another question. - Bo Hope/AR
10/17/2005 6:25:38 PM (6518 views)
Re: Okay, another question. - Tammy Knight/MO
10/19/2005 3:13:32 PM (6454 views)

Fed up! - Spencer Kinsey/AR
10/15/2005 12:36:11 PM (3629 views)
Re: Fed up! - Kevin Ahern/CT
10/15/2005 5:48:16 PM (6096 views)
Re: Fed up! - Jay Duncan/MO
10/16/2005 4:30:53 PM (6105 views)
Re: Fed up! - Kevin Ahern/CT
10/16/2005 4:54:24 PM (6094 views)
Re: Fed up! - Jay Duncan/MO
10/17/2005 12:16:19 PM (6375 views)
Re: Fed up! - Kevin Ahern/CT
10/17/2005 3:56:17 PM (6351 views)

indexing - Douglas Gallant/OH
10/15/2005 12:31:46 PM (3387 views)
Re: indexing - Scott Perry/PA
10/15/2005 3:07:59 PM (6026 views)
Re: indexing - monica froese/ME
10/15/2005 6:40:24 PM (5896 views)
Re: indexing - Robert Franco/OH
10/15/2005 8:05:07 PM (5903 views)
Re: indexing - monica froese/ME
10/15/2005 11:18:03 PM (5833 views)
STUCK ON "STUPID" - Scott Perry/PA
10/16/2005 1:06:12 PM (5890 views)
Re: indexing - Larry Crooks/OH
10/17/2005 3:34:21 PM (6231 views)

Questions about VMC's - Donna Grady/NC
10/14/2005 10:32:19 PM (2802 views)

Anyone heard of this company.... - Loretta Reed/MD
10/14/2005 1:16:42 PM (3560 views)
Re: Anyone heard of this company.... - Kurt deVries/FL
10/19/2005 12:12:30 PM (6463 views)




A word about prices... - Robert Franco/OH
10/13/2005 5:40:44 PM (3981 views)
Re: A word about prices... - Kurt deVries/FL
10/14/2005 9:39:16 AM (6045 views)
Re: A word about prices... - Robert Breakell/CT
10/14/2005 9:50:44 AM (6100 views)
Re: A word about prices... - Robert Franco/OH
10/14/2005 12:03:18 PM (6134 views)
Re: A word about prices... - Scott Perry/PA
10/14/2005 5:24:10 PM (6051 views)
Re: A word about prices... - Bo Hope/AR
10/16/2005 1:55:51 AM (6027 views)

Here's my rant - Loretta Reed/MD
10/13/2005 11:05:00 AM (3318 views)
Re: Here's my rant - Iris Buchman/FL
10/13/2005 4:50:59 PM (6042 views)
Re: Here's my rant - Kurt deVries/FL
10/14/2005 9:36:24 AM (6053 views)
Re: Here's my rant - Jay Duncan/MO
10/14/2005 1:44:49 PM (6027 views)
Re: Here's my rant - Matt Papsch/MD
10/13/2005 5:35:02 PM (5950 views)
Re: Here's my rant - Loretta Reed/MD
10/14/2005 11:47:19 AM (6154 views)
Re: Here's my rant - Robert Franco/OH
10/14/2005 12:12:08 PM (5968 views)
Re: Here's my rant - Wendi See/SC
10/15/2005 10:24:17 PM (5998 views)

Refaxing - Danielle Nelson/WI
10/12/2005 2:14:31 PM (3336 views)
Re: Refaxing - STEVE MEINECKE/VA
10/12/2005 3:00:22 PM (5863 views)
Re: Refaxing - Robert Franco/OH
10/12/2005 3:28:29 PM (9441 views)
Re: Refaxing - Larry Crooks/OH
10/13/2005 8:45:13 AM (5876 views)
Re: Refaxing - Danielle Nelson/WI
10/13/2005 11:38:05 AM (6603 views)
Re: Refaxing - Lisa Ramsey/TX
10/14/2005 9:55:23 AM (5877 views)
Re: Refaxing - Kelly Chamblee/OH
10/13/2005 1:37:01 PM (5887 views)
Re: Refaxing - Robert Franco/OH
10/13/2005 2:38:26 PM (5947 views)
Re: Refaxing - Susan Matson/MN
10/17/2005 9:31:57 AM (6250 views)

Rant! - Tammy Knight/MO
10/12/2005 12:49:24 AM (3222 views)
Re: Rant! - Kurt deVries/FL
10/12/2005 2:02:22 PM (5684 views)
Re: Rant! - Robert Franco/OH
10/12/2005 3:11:23 PM (5749 views)

Excellent topic for discussion...  It is unfortunate that abstractors do not have an efficient course of action when clients fail to make payments.   There are several options, but they all have some level of difficulty or risk associated with them.

LEGAL ACTION - As Kevin Ahern has pointed out, the law provides for remedies in such cases.  However, the legal fees associated often make the use of the court system cost prohibitive.  Even if you win, you are still in a position of having to expend further efforts collecting on a judgment.

COLLECTION AGENCIES - This often is unsatisfying because even if the collection agency is successful, they are going to take a large portion of the amount collected.  Sometimes, collection agencies offer services with up-front fees that could be wasted if payment is not obtained.

RANSOM - Some abstractors have held work hostage for payment of delinquent accounts.  This can be risky.  In the case where the abstractor holds a filing, if an intervening lien is filed while the abstractor is holding the documents I would imagine that there would be some liability involved.  This also affects the borrower, or homeowner, and not just the client.  I never recommend holding filings - either file them or return them to the client immediately.  Holding new search orders is not as risky in this regard, as long as you let the client know that you are not completing the order until their account is paid, however, they are likely to cancel the order and place it elsewhere; which is ineffective in trying to collect a delinquent account.

PUBLIC POSTING OF NON-PAYMENT - This is what has been referred to in the previous post by Tammy.  It costs the abstractor nothing, and could hurt the non-paying client by making it difficult for them to find other abstractors willing to take the same risks.  It seems to have been effective, as we have seen on this forum.  However, one of these days it could spawn a lawsuit by the client for libel.  Source of Title has been threatened with lawsuits in the past for not removing these posts and I cringe every time I see one.  However, this is a public forum and Source of Title disclaims any liability for the content of the posts.  The forums are not censored and the person posting the information accepts full liability for the content.  Still, I do not encourage this type of posting. 

BLACK-LISTING - Creating lists of "dead-beat" clients has been suggested many times on this forum.  It would serve the purpose of letting other clients know what clients have a reputation of not paying their abstractors, however, there is no good way to verify the information.  We have all had clients that we have had good experiences with that others complain about, and vice versa.  Even more so than a single posting on the forum, this type of behavior could result in a lawsuit. I certainly would not be willing to participate in such a list.

Unfortunately, there is no good way to collect from a client that is just not willing to step-up and pay for the work they order.  Due to the nature of the business, abstractors are in a very weak bargaining position.  There are always going to be other abstractors willing to take on new business and accept the risk of not being paid.

Cut clients off early, before they owe too much.  Don't do any more work for them and consider it a learning experience.  If it is truly a large balance, it may be worth pursuing legal action.

I wish I had better advice... if anyone else does, please share it.

Best,
Robert A. Franco
SOURCE OF TITLE

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Re: Rant! - Scott Perry/PA
10/12/2005 6:03:33 PM (5592 views)
Re: Rant! - Kevin Ahern/CT
10/12/2005 5:06:42 PM (5625 views)
Re: Rant! - LAWANDA MCMILLIAN/AR
10/12/2005 8:21:41 PM (5640 views)
Re: Rant! - Scott Perry/PA
10/12/2005 10:02:17 PM (5605 views)
Re: Rant! - Robert Franco/OH
10/13/2005 12:26:35 AM (5676 views)
Re: Rant! - Tammy Knight/MO
10/13/2005 1:22:50 AM (5627 views)
Re: Rant! - Lisa Ramsey/TX
10/14/2005 10:02:18 AM (5654 views)
Re: Rant! - Kevin Ahern/CT
10/14/2005 12:29:44 PM (5494 views)
Re: Rant! - Kevin Ahern/CT
10/14/2005 12:48:29 PM (5571 views)
Re: Rant! - Kevin Ahern/CT
10/13/2005 4:56:56 AM (5509 views)
Re: Rant! - Iris Buchman/FL
10/13/2005 4:44:01 PM (5555 views)
Re: Rant! - Kevin Ahern/CT
10/14/2005 8:06:47 AM (5599 views)
Re: Rant! - Tammy Knight/MO
10/16/2005 10:08:48 PM (5637 views)
Re: Rant! - Kevin Ahern/CT
10/17/2005 8:21:44 AM (5972 views)

Erevna? - Tammy Knight/MO
10/12/2005 12:28:49 AM (3318 views)
Re: Erevna? - Tammy Knight/MO
10/12/2005 12:29:48 AM (5501 views)
Re: Erevna? - Becky Kale/IL
10/17/2005 2:15:26 PM (5798 views)

United Document Services of East Northport - JENNIFER HOLZMAN/PA
10/11/2005 1:24:41 PM (3228 views)
Re: United Document Services of East Northport - Scott Perry/PA
10/11/2005 7:24:54 PM (5469 views)

Abstractor Educational Workshops!!! - Jay Duncan/MO
10/7/2005 8:06:03 AM (3805 views)

Are you going to vote? - Jay Duncan/MO
10/7/2005 8:03:07 AM (2940 views)
Re: Are you going to vote? - Robert Franco/OH
10/7/2005 3:44:19 PM (5386 views)

WORKING CONDITIONS - Scott Perry/PA
10/6/2005 11:33:25 PM (3263 views)
Re: WORKING CONDITIONS - Lou Legaspi/IL
10/7/2005 7:30:22 AM (5374 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/7/2005 7:39:40 AM (5251 views)
Re: WORKING CONDITIONS - monica froese/ME
10/7/2005 9:20:14 PM (5338 views)
Re: WORKING CONDITIONS - Kelli Gorman/TX
10/10/2005 10:32:58 PM (5300 views)
Re: WORKING CONDITIONS - george Hubka/MI
10/7/2005 10:37:13 PM (5447 views)
Re: WORKING CONDITIONS - Helene/GA
10/8/2005 12:36:52 AM (5231 views)
Re: WORKING CONDITIONS - Anne Gilbert/VT
10/8/2005 7:29:57 AM (5357 views)
Re: WORKING CONDITIONS - Kelli Gorman/TX
10/10/2005 10:34:58 PM (5369 views)
Re: WORKING CONDITIONS - David Jenkins/PA
10/9/2005 4:51:44 PM (5243 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/9/2005 6:41:11 PM (5260 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/10/2005 3:31:03 PM (5312 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/10/2005 9:01:36 PM (5209 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/10/2005 9:45:44 PM (5188 views)
Re: WORKING CONDITIONS - David Bloys/TX
10/10/2005 11:03:28 PM (5200 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/10/2005 11:15:25 PM (5105 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/10/2005 11:13:11 PM (4979 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/11/2005 10:57:24 AM (5145 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/11/2005 9:49:57 PM (5074 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/11/2005 11:14:15 PM (5025 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/12/2005 12:03:15 AM (5053 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/12/2005 9:01:09 AM (5032 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/12/2005 9:59:41 PM (5077 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/13/2005 9:39:27 AM (4947 views)
Re: WORKING CONDITIONS - Robert Franco/OH
10/13/2005 10:43:45 AM (4857 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/13/2005 6:27:31 PM (4945 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/14/2005 9:10:26 PM (4936 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/14/2005 11:38:36 PM (4999 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/15/2005 2:17:00 PM (5039 views)
Re: WORKING CONDITIONS - george Hubka/MI
10/11/2005 9:09:22 PM (5302 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/11/2005 10:50:27 PM (5005 views)
Re: WORKING CONDITIONS - Robert Franco/OH
10/11/2005 11:29:28 PM (5015 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/12/2005 8:46:58 AM (4992 views)
Re: WORKING CONDITIONS - Robert Franco/OH
10/11/2005 1:20:16 PM (5143 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/12/2005 7:38:19 AM (5019 views)

ATA - Iris Buchman/FL
10/6/2005 1:17:26 AM (3200 views)
Re: ATA - Kurt deVries/FL
10/6/2005 11:21:11 AM (5299 views)
Re: ATA - Iris Buchman/FL
10/6/2005 4:09:20 PM (5296 views)
Re: ATA - Anne Gilbert/VT
10/7/2005 6:18:04 AM (5385 views)
Re: ATA - Iris Buchman/FL
10/7/2005 8:08:38 AM (5143 views)
Re: ATA - michelle foskey/GA
10/24/2005 2:05:34 PM (5303 views)


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