Posted by cassiewi on 11/20/07 11:29am
Msg #222148

Shout out to Interstate Closings out of Florida

Signing done 11/2/07. Payment received yesterday. Would accept work from them anytime.

Reply by Calnotary on 11/20/07 11:51am
Msg #222151

Per their website:


" Billing: Interstate Closings will pay each signing agent the all inclusive fee that was agreed upon, prior to taking the assignment, if in fact the closing is completed. If a closing is not completed due to no fault of the agent, Interstate agrees to pay half of the agreed upon fee (also known as a trip charge) upon our receipt of payment from our client. Please contact [e-mail address] with all billing issues. "


Why half if it's no fault to the agent?

Reply by Doris_CO on 11/20/07 12:18pm
Msg #222156

I noted what was in parenthesis after the "trip fee". They said they would pay 1/2 fee "Upon our receipt of payment from our client". Looks like you're chances of getting that trip fee is based on who the client is. If it's a title company, you're probably SOL.

Reply by cassiewi on 11/20/07 12:36pm
Msg #222159

It's up to each individual what they will accept.

I felt it was worth my while to accept the assignment. I was giving Kudos to the fact that I received payment in 17 days.

Reply by CaliNotary on 11/20/07 1:01pm
Msg #222165

"Looks like you're chances of getting that trip fee is based on who the client is."

And your chances of getting paid anything if you turn down the signing because of the trip fee is zero.

I'd have missed out on tens of thousands of dollars over the past 4 1/2 years if I turned down every signing where they weren't willing to pay full fee if the loan didn't close. Do I like trip fees? No. But I like cutting off my nose to spite my face even less.

Reply by cassiewi on 11/20/07 1:08pm
Msg #222166

Exactly n/m