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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 (5832 views)
STUCK ON "STUPID" - Scott Perry/PA
10/16/2005 1:06:12 PM (5889 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 (6041 views)
Re: Here's my rant - Kurt deVries/FL
10/14/2005 9:36:24 AM (6052 views)
Re: Here's my rant - Jay Duncan/MO
10/14/2005 1:44:49 PM (6026 views)
Re: Here's my rant - Matt Papsch/MD
10/13/2005 5:35:02 PM (5949 views)
Re: Here's my rant - Loretta Reed/MD
10/14/2005 11:47:19 AM (6153 views)
Re: Here's my rant - Robert Franco/OH
10/14/2005 12:12:08 PM (5967 views)
Re: Here's my rant - Wendi See/SC
10/15/2005 10:24:17 PM (5997 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 (5862 views)
Re: Refaxing - Robert Franco/OH
10/12/2005 3:28:29 PM (9440 views)
Re: Refaxing - Larry Crooks/OH
10/13/2005 8:45:13 AM (5875 views)
Re: Refaxing - Danielle Nelson/WI
10/13/2005 11:38:05 AM (6602 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 (5886 views)
Re: Refaxing - Robert Franco/OH
10/13/2005 2:38:26 PM (5946 views)
Re: Refaxing - Susan Matson/MN
10/17/2005 9:31:57 AM (6249 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 (5683 views)
Re: Rant! - Robert Franco/OH
10/12/2005 3:11:23 PM (5748 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 (5591 views)
Re: Rant! - Kevin Ahern/CT
10/12/2005 5:06:42 PM (5624 views)
Re: Rant! - LAWANDA MCMILLIAN/AR
10/12/2005 8:21:41 PM (5639 views)
Re: Rant! - Scott Perry/PA
10/12/2005 10:02:17 PM (5604 views)
Re: Rant! - Robert Franco/OH
10/13/2005 12:26:35 AM (5675 views)
Re: Rant! - Tammy Knight/MO
10/13/2005 1:22:50 AM (5626 views)
Re: Rant! - Lisa Ramsey/TX
10/14/2005 10:02:18 AM (5653 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 (5570 views)
Re: Rant! - Kevin Ahern/CT
10/13/2005 4:56:56 AM (5508 views)
Re: Rant! - Iris Buchman/FL
10/13/2005 4:44:01 PM (5554 views)
Re: Rant! - Kevin Ahern/CT
10/14/2005 8:06:47 AM (5598 views)
Re: Rant! - Tammy Knight/MO
10/16/2005 10:08:48 PM (5636 views)
Re: Rant! - Kevin Ahern/CT
10/17/2005 8:21:44 AM (5971 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 (5500 views)
Re: Erevna? - Becky Kale/IL
10/17/2005 2:15:26 PM (5797 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 (5468 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 (5385 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 (5373 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/7/2005 7:39:40 AM (5250 views)
Re: WORKING CONDITIONS - monica froese/ME
10/7/2005 9:20:14 PM (5337 views)
Re: WORKING CONDITIONS - Kelli Gorman/TX
10/10/2005 10:32:58 PM (5299 views)
Re: WORKING CONDITIONS - george Hubka/MI
10/7/2005 10:37:13 PM (5445 views)
Re: WORKING CONDITIONS - Helene/GA
10/8/2005 12:36:52 AM (5230 views)
Re: WORKING CONDITIONS - Anne Gilbert/VT
10/8/2005 7:29:57 AM (5356 views)
Re: WORKING CONDITIONS - Kelli Gorman/TX
10/10/2005 10:34:58 PM (5368 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 (5259 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/10/2005 3:31:03 PM (5311 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/10/2005 9:01:36 PM (5208 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/10/2005 9:45:44 PM (5187 views)
Re: WORKING CONDITIONS - David Bloys/TX
10/10/2005 11:03:28 PM (5199 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/10/2005 11:15:25 PM (5103 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/10/2005 11:13:11 PM (4978 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 (5073 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 (5052 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/12/2005 9:01:09 AM (5031 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/12/2005 9:59:41 PM (5076 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 (4856 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/13/2005 6:27:31 PM (4944 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 (4998 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/15/2005 2:17:00 PM (5038 views)
Re: WORKING CONDITIONS - george Hubka/MI
10/11/2005 9:09:22 PM (5301 views)
Re: WORKING CONDITIONS - STEVE MEINECKE/VA
10/11/2005 10:50:27 PM (5004 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 (4990 views)
Re: WORKING CONDITIONS - Robert Franco/OH
10/11/2005 1:20:16 PM (5142 views)
Re: WORKING CONDITIONS - Scott Perry/PA
10/12/2005 7:38:19 AM (5018 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 (5298 views)
Re: ATA - Iris Buchman/FL
10/6/2005 4:09:20 PM (5295 views)
Re: ATA - Anne Gilbert/VT
10/7/2005 6:18:04 AM (5384 views)
Re: ATA - Iris Buchman/FL
10/7/2005 8:08:38 AM (5142 views)
Re: ATA - michelle foskey/GA
10/24/2005 2:05:34 PM (5302 views)


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