AbstractorPro (Real Title Services)
Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Discussion
<< get older messagesget newer messages >>
to post a message: login - or - register | search messages | show all replies



POSTING RE: BAD PAYS/ETC - Heidi Gemeling/FL
10/3/2015 7:25:36 PM (2131 views)

[+] SATISFYING A MORTGAGE AND THEN RE-RECORDING IT TO CORRECT - Heidi Gemeling/FL (2 replies)
10/3/2015 6:51:07 PM (2196 views)

[-] Copy fees, etc. - Marian Severance/PA (47 replies)
10/1/2015 8:59:18 PM (3364 views)
Re: Copy fees, etc. - george Hubka/MI
10/1/2015 9:08:32 PM (2316 views)
Re: Copy fees, etc. - Marian Severance/PA
10/1/2015 11:28:17 PM (2237 views)
Re: Copy fees, etc. - Michael Madden/RI
10/2/2015 10:50:36 AM (2188 views)
Re: Copy fees, etc. - Robert Franco/OH
10/2/2015 1:33:54 PM (2158 views)
Re: Copy fees, etc. - Michael Madden/RI
10/2/2015 2:32:10 PM (2161 views)
Re: Copy fees, etc. - Jay Duncan/MO
10/2/2015 5:12:37 PM (2217 views)
Re: Copy fees, etc. - Michael Madden/RI
10/4/2015 8:15:15 AM (2043 views)
Re: Copy fees, etc. - Lynda Cooke/VA
10/4/2015 9:14:28 AM (2082 views)

Mr. Madden’s ignorance of the job is showing. He knows not of what he speaks. His conception is far from reality, or good practice.

His suggestion to add the cost of producing more than customary copies to the search fee would be truly deceptive. If you are seeking a truly itemized bill, confusing examination fees with copy production costs IS deceptive. The search costs are X. Its X all day long, every day for that category of work. The fact that the client wants “ADDITIONAL” billable services doesn’t belong in the search fee. Not on a residential order. 

You want to explain to a HUD investigator why you charge customer “A” $15 more for a current owner than you do customer “B”? Watch his eyes roll when you say it’s because you know customer “A” always wants extra copies. That it’s just “assumed”. Good luck with that.  Even worse is an across the board increase charging customer A and B the higher costs when only customer A is generating the extra work. Hope you enjoy your baloney sandwich while you spend some time in the Federal system thinking about it. 

 Most of us are independent contractors. Our true product is our time and expertise. It’s called billable hours. There are only so many hours in a day. We have to use them wisely. We have overhead costs to cover before we make the first nickel in income. Too much uncompensated time can wreak your week if you let it. 

It would be interesting to know if Mr. Madden’s employer shows the price they paid for the search and what the client will pay in mark up for the “value added” they brought to the product separately so that their clients have full knowledge of who did what for what amount of compensation . Hmmmm? Don’t think so. And if they don’t, why not? It’s a far better illustration of the term deceptive pricing. 

In my neck of the woods it’s customary to charge only the pass through copy price for residential work. Yes; we are a dumb lot in that regard. It’s just how the practice evolved. Examiners get the raw end of the deal. 

Commercial work is a different animal in that it’s billed by the hour. The bill is for hours worked rather than search type. Pass throughs are billed as separate line items. The time to gather, make and assemble copies and put them into useable form is counted in the total hours billed. I’ve had more than a few cases where the time spent on copies, and their costs to assemble, exceeded the time spent actually examining the title. At least I’m compensated for the time spent to bring the whole requested product to the table. 

to post a reply: login - or - register


Re: Copy fees, etc. - David Bloys/TX
10/4/2015 10:18:58 AM (2006 views)
Re: Copy fees, etc. - WAYNE QUICK/NC
10/5/2015 8:31:17 AM (1901 views)
Re: Copy fees, etc. - Scott Perry/PA
10/3/2015 3:57:45 PM (2033 views)
Re: Copy fees, etc. - Michael Madden/RI
10/4/2015 8:12:52 AM (1898 views)
Re: Copy fees, etc. - Constance Foye/VA
10/5/2015 9:56:16 AM (1896 views)
Re: Copy fees, etc. - Michael Madden/RI
10/4/2015 8:12:55 AM (1877 views)
Re: Copy fees, etc. - Rita Killary/NY
10/4/2015 9:43:24 AM (2004 views)
Re: Copy fees, etc. - Scott Perry/PA
10/4/2015 12:40:56 PM (2018 views)
Re: Copy fees, etc. - Lu Rivera/PA
2/21/2016 11:28:13 PM (1341 views)
Re: Copy fees, etc. - Lu Rivera/PA
2/21/2016 11:28:18 PM (1444 views)
Re: Copy fees, etc. - Michael Madden/RI
2/22/2016 5:17:00 PM (1396 views)
Re: Copy fees, etc. - David Bloys/TX
10/4/2015 12:11:53 PM (4586 views)
Re: Copy fees, etc. - David Bloys/TX
10/2/2015 8:00:04 PM (1962 views)
Re: Copy fees, etc. - Joyce Obrien/PA
10/2/2015 10:49:46 PM (1899 views)
Re: Copy fees, etc. - Marian Severance/PA
10/4/2015 7:45:01 PM (1844 views)
Re: Copy fees, etc. - george Hubka/MI
10/5/2015 9:11:30 AM (1701 views)
Re: Copy fees, etc. - Robert Franco/OH
10/5/2015 9:25:42 AM (1781 views)
Re: Copy fees, etc. - Jean Lurtsema/AK
10/15/2015 12:05:46 PM (1799 views)
Re: Copy fees, etc. - REBECCA RIZZONELLI/PA
12/21/2015 1:24:11 PM (1511 views)
Re: Copy fees, etc. - Allen Bruce/OH
2/13/2016 6:17:23 PM (1430 views)
Re: Copy fees, etc. - WAYNE QUICK/NC
10/5/2015 8:23:37 AM (1727 views)
Re: Copy fees, etc. - Bruce Lutz/PA
12/14/2015 3:19:24 PM (1552 views)
Re: Copy fees, etc. - Serena Stout/VA
10/5/2015 10:25:53 AM (1821 views)
Re: Copy fees, etc. - george Hubka/MI
10/5/2015 12:57:18 PM (1806 views)
Re: Copy fees, etc. - Serena Stout/VA
10/5/2015 1:09:03 PM (1878 views)
Re: Copy fees, etc. - Lu Rivera/PA
10/5/2015 4:27:57 PM (1728 views)
Re: Copy fees, etc. - Marian Severance/PA
10/5/2015 6:44:45 PM (1697 views)
Re: Copy fees, etc. - Aaron Thorpe/NY
10/5/2015 4:37:50 PM (1824 views)
Re: Copy fees, etc. - Mark Rasnick/OH
10/6/2015 9:51:16 AM (1781 views)
Re: Copy fees, etc. - David  Umphenour/MO
10/5/2015 5:06:46 PM (1693 views)
Re: Copy fees, etc. - Randi Erickson/MN
10/6/2015 10:24:47 AM (1799 views)
Re: Copy fees, etc. - Marian Severance/PA
10/7/2015 7:59:05 AM (1786 views)
Re: Copy fees, etc. - Leigh Attridge/MA
10/8/2015 8:08:29 AM (1933 views)
Re: Copy fees, etc. - Allen Bruce/OH
1/25/2016 12:11:14 PM (1374 views)
Re: Copy fees, etc. - Marian Severance/PA
1/25/2016 5:45:07 PM (1341 views)
Re: Copy fees, etc. - Allen Bruce/OH
1/25/2016 6:08:58 PM (1244 views)
Re: Copy fees, etc. - Marian Severance/PA
1/25/2016 8:28:42 PM (1319 views)
Re: Copy fees, etc. - Allen Bruce/OH
1/25/2016 6:14:15 PM (1332 views)
Re: Copy fees, etc. - REBECCA RIZZONELLI/PA
2/15/2016 11:25:44 AM (1278 views)

[+] CLS Direct, Inc. (aka) - Wayne Brown/VA (5 replies)
9/30/2015 12:37:22 PM (2495 views)

[+] TRID and the encryption issues - Alix Ott/MI (5 replies)
9/30/2015 11:43:00 AM (2150 views)


Real Title Services


[+] Atlantic Title Abstract ??? - M Adams/KY (1 reply)
9/29/2015 10:58:04 AM (2105 views)

[+] You Have Got To Be Kidding - Please Read - Kenneth Signor/SC (20 replies)
9/28/2015 7:01:30 PM (4402 views)

[+] Foreclosure on an affordable unit - what a mess - Leigh Attridge/MA (2 replies)
9/28/2015 6:52:04 PM (2013 views)

[+] String Information Services - jess barker/IL (2 replies)
9/28/2015 4:50:09 PM (2372 views)

[+] Capstone Title Services LLC - KAREN ROBERTS/PA (29 replies)
9/28/2015 9:13:34 AM (3283 views)

[+] MERS in Court - Lisa Ramsey/TX (1 reply)
9/26/2015 8:12:44 PM (2067 views)

Not getting paid by offshore co's. - Randi Erickson/MN
9/25/2015 6:24:12 PM (3734 views)

[+] KonkaSoft, LLC ???? - Brandy Cook/VA (10 replies)
9/25/2015 11:16:25 AM (5007 views)

[+] USA-TITLE(Loosing clients from unkown postings) - Murphy Alex/NJ (5 replies)
9/22/2015 11:20:22 PM (2838 views)

[+] usa-title(universal search american title llc) - David Thomas/NJ (1 reply)
9/22/2015 11:15:51 PM (2616 views)


<< get older messagesget newer messages >>

DISCLAIMER: These Message Forums are un-moderated and Source of Title does not endorse the content of any of the posts. Source of Title discourages libelous comments and you, as the sole creator of the content, take full responsibility for your remarks.
Directory

The Source of Title Business directory has 8917 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Unveiling the Costs: Why Commercial Title Searches Command a Premium
Security American's Blog
2024/04/17
0 comments

Protecting Your Home: The Ins and Outs of Deed Theft and How to Shield Yourself
Security American's Blog
2024/03/21
0 comments

Exploring the Implications of Eliminating Mandatory Title Insurance
Security American's Blog
2024/03/11
0 comments

Articles

Source of Title articles help to keep you informed on the state of the title industry.

Higher Interest Rates Keep Single-Family Housing Starts Flat in April
“While the start of the year has seen an expansion for single-family home building because of a lack of existing h...
MBA President and CEO Bob Broeksmit, CMB, Takes Aim at Basel III, Overregulation; Calls for a "National Housing Director" in Exchequer Club Speech
"Taken as a whole, the administrative state is creating what I call 'regulatory knots.' As these knots grow, they restri...
Mortgage Applications Increase in Latest MBA Weekly Survey
“While the downward move in rates benefits prospective homebuyers, mortgage rates are still much higher than they ...
Higher Mortgage Rates Hammer Builder Confidence in May
“The market has slowed down since mortgage rates increased and this has pushed many potential buyers back to the s...
April New Home Purchase Mortgage Applications Increased 22.1 Percent
“New home purchase activity increased at a healthy pace in April 2024 after a slight pause in March. Applications ...

Search Articles:
browse...

Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.