Posted by ME/NJ on 12/27/07 3:31pm
Msg #227810

Transtar title Plano TX

Did a closing for them on 12/1 and no payment as of yet. Has anyone done work for them and what is there payment turn around time. Most TCs pay within 14-21 days and this loan did fund and the borrower put out almost 10K out of there pocket.

I sent a reminder invoice today, its not late per my invoice but TC don't take this long to pay out.

Reply by CaliNotary on 12/27/07 3:35pm
Msg #227811

I would never send a reminder invoice before 30 days are up, title company or not. Why run the risk of looking pushy and unreasonable and possibly losing out on future work because of it?

Reply by ME/NJ on 12/27/07 3:52pm
Msg #227815

You're correct, past I would never do this but todays climate Here today gone tomorrow.. I want my money.

Reply by janie/vt on 12/27/07 10:35pm
Msg #227907

I think it was about 3 weeks for me to get my check.

Reply by Phillip/TX on 12/28/07 9:15am
Msg #227948

As I recall, they pay once a month in the month following your closing. I would not be alarmed, this title company is a respected company. I know this because I have personal friends that work there. And I would never send a reminder or second notice before 30 days are up. You prolly just shot yourself in the foot on that one!