Title company scams

[HarryWho?]

Originally Posted by algia

I hope you're joking. How would you like it if we said the same about YOUR job? or service you provide? that is no work, and it shouldn't be paid for?

They provide a service; if everyone could be doing this, then everyone would.

This is an awful disease that people have developed; this denigration of professions as if unless someone is a lawyer or doctor, everyone else should not be paid for their work. Insulting is what I call it. In my field people seem to believe gas stations and stores accept "photo credit" for payment!

Very ignorant mentality, and very disappointing that people chose to dis-evolve to this point!

Not cool!

Read closely.I said that I got the closing service part. It's a lot of work and responsibility. I have issue with the fees for searches and the insurance itself. I did title searches back when a searcher sat at the courthouse and got details over the phone. I got $5 a search. The charge was $100. The Ins, co. wouldn't write the policy if there was the slightest problem with the title. Not much risk. Cash Cow.

[algia]

That is a great way to keep unemployment high.

My hubby's office just hired three more ppl. This is specialized work, and if you're an idiot looking for an easy job, this is not it!

Originally Posted by bentlebee

The company we usually work with is run by the owners and they only have someone who answers the hones and does a little other work since it became to much of a liability with employees as they had in the booming years and they were not very happy with the level of skills the employees had and due to house bubble they had to do it by themselves but that is also why they can work cheaper and more efficient and keep customers happy with lower costs.

Of course if they get too much work they will need to hire other people but so far they can deal with it this way and we are having happy customers which makes our life's and job easier.

[gulfer]

This thread went on the fritz!

On one hand you have someone defending thier spouses job on the other you have someone that actually requires that business service providing good, useful information.

I actually have NEVER seen insurance so vigorously defended! Makes me laugh a little.

[algia]

Frankly, this thread should be moved to the Real Estate board.

[gulfer]

I was thinking about saying that yesterday before my post and should have.

[bentlebee]

I believe the thread is perfect in this spot since I don't know if this is a local issue or is happening else where.

As far as my knowledge goes it is local and only happening recently since investors we work with have started to complain about the high fees some title companies in the area are charging for CASH closings!

This has nothing to do with more work or less work since every cash deal requires the same work. I'm not comparing a bad title company who doesn't do their job with a good title company.

We believe it started when more and more investors started to buy lower priced properties and title companies are taking advantage of them but they have to keep in mind that investors will pay that once, but next time they will not fall for that!

[TampaKaren]

BB, were you able to get the fees reduced and close at the $$$ title company? I ask because I had a title agent tell me recently that their fees for a cash closing were $200 + the cost of recording the deed. This is a huge difference between what you were quoted. I hope it was a miscommunication. At a minimum, you should have been showered with blue-ink pens and served some expensive wine and cheese while the closing occurred.