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SJC Ruling provides boost for those in eviction - Leigh Attridge/MA
8/4/2011 3:00:04 PM (3359 views)

[+] Software question - F P/VA (3 replies)
8/4/2011 7:48:24 AM (2693 views)

[+] Foreclosure in VA - michael rafferty/VA (2 replies)
8/3/2011 10:09:02 AM (2601 views)

[+] Another Random Question - Brad Bradbury/PA (16 replies)
8/1/2011 8:39:51 PM (3042 views)

[+] Random Question... - Branden Rodgers/OH (3 replies)
8/1/2011 4:29:33 PM (3953 views)


Real Title Services


[+] This is not really about fishing..... - F P/VA (3 replies)
7/31/2011 7:45:20 PM (2880 views)

Paying for Title Insurance - Leigh Attridge/MA
7/31/2011 10:29:11 AM (3519 views)

[+] Optional History Classes in Public Schools? - William Pattison /CA (3 replies)
7/29/2011 7:02:10 PM (4135 views)

[+] BOA Demolishing Homes - Leigh Attridge/MA (1 reply)
7/28/2011 6:42:24 PM (3889 views)

[+] Software advice - Rebecca Cowart/MS (7 replies)
7/28/2011 3:49:41 PM (2859 views)

[-] Guaranteed Payment System - Scott Aduddell/MO (14 replies)
7/27/2011 11:07:56 AM (3005 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/27/2011 11:59:06 AM (4152 views)
Re: Guaranteed Payment System - Kym/NJ
7/27/2011 1:21:25 PM (4109 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/27/2011 5:19:26 PM (4237 views)
Re: Guaranteed Payment System - Randolph/VT
7/27/2011 10:08:53 PM (4200 views)
Re: Guaranteed Payment System - Branden Rodgers/OH
7/28/2011 3:27:05 PM (4100 views)
Re: Guaranteed Payment System - Scott Aduddell/MO
7/28/2011 8:38:00 PM (4149 views)
Re: Guaranteed Payment System - Patrick Scott/IL
7/28/2011 11:45:07 PM (4152 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 (3953 views)
Re: Guaranteed Payment System - Branden Rodgers/OH
8/1/2011 3:36:40 PM (3997 views)
Re: Guaranteed Payment System - Nils Nelson/ME
7/29/2011 10:43:01 AM (4134 views)
Re: Guaranteed Payment System - William Pattison /CA
8/1/2011 11:47:23 AM (3911 views)
Re: Guaranteed Payment System - John Campbell/CA
2/6/2012 8:16:07 PM (2901 views)
Re: Guaranteed Payment System - Scott Perry/PA
2/8/2012 9:25:08 AM (2739 views)
Re: Guaranteed Payment System - Robert Franco/OH
2/8/2012 10:34:24 AM (2774 views)

[+] Update on New Millenium Title - Leigh Attridge/MA (2 replies)
7/27/2011 8:50:37 AM (3161 views)

[+] Day Late & A Dollar Short - New Millenium Title - Leigh Attridge/MA (2 replies)
7/26/2011 8:48:33 AM (3487 views)

Massachusetts single family home sales post worst June in two decades - Leigh Attridge/MA
7/26/2011 8:31:39 AM (3450 views)

[+] Nxt Generation Title Services - Theresa Ritz/WV (2 replies)
7/25/2011 2:51:21 PM (2951 views)


<< get older messagesget newer messages >>

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