Posted by Anon1 on 11/11/05 11:36am
Msg #75893

It just gets better and better.........

I have a title company who wants me to do back to back hud purchases in their office a few days out of the month. But, here's the catch...........they want to pay $25 per closing. Are they on CRACK?!

Reply by Joseph Miller on 11/11/05 12:01pm
Msg #75908

I had an email from a signing service who is also a signing agent telling me they have contracted with First title to find notaries in my area to do closings for Ryland homes and they would pay $30 per closing. WOW I had to recheck the email to make sure I read it right.
They said they may have multiples in 1 day and the packeages are 30-50 pages and no prepping needed.

I feel this is not woth the time because I can get at leasdt 4100 to do one and not spend all day in one place besides I dont leave the house if its under $75

Joe/NC

Reply by Anon1 on 11/11/05 12:15pm
Msg #75911

EXACTLY! It wouldn't be so bad if it wasn't a purchase, those take forever and a day. But $25 bucks!? COME ON!

It's one thing to take the 40-50 dollar closings to gain reputation and then ask for more but I thought this lady was out of her mind offering $25.

Reply by PAW_Fl on 11/11/05 12:48pm
Msg #75920

Builder purchases are a snap. There is no "seller", per se. The buyers are usually pretty keen on their new home. But, the packages, especially if there is a loan/mortgage, are about the same as a regular refi, so there's no $$ difference in my book. (Unless the TC can guarantee that you will only be closing cash deals! )

I do these at the end of the month for a local title company, builder and lender. I charge a flat 'day' rate, so I'm paid if I only do one or 20 in a day.

(Just so I'm not asked, I do not discuss my fees and contracts with anyone except my clients and customers.)

Reply by Anon1 on 11/11/05 1:00pm
Msg #75922

Ya I agree Paw but the hud purchases are different as I'm sure you know. But you know, that's actually not a bad idea charging a "per day" fee! I knew I liked this board for a reason!