Posted by DianeCipa on 11/15/07 10:05am
Msg #221402

grapevine - big meeting monday at NREIS

Just a heads up in case this is another Express Financial situation.

Reply by JohnnyB on 11/15/07 10:41am
Msg #221408


Could be announcement of a merger or something? Why would you think this is an Express Financial situation?

Reply by R and R Notary on 11/15/07 11:05am
Msg #221413

Why scare anyone when you have no idea if there is a direct connection?

Reply by DianeCipa on 11/15/07 12:58pm
Msg #221440

The grapevine was looking for a job. A secondary grapevine source said the actual loss of jobs thus far including joint ventures is probably 1500. The expectation is that the announcement is not good.

Reply by DianeCipa on 11/15/07 1:00pm
Msg #221442

I do hope that is not the case but I think a few days heads up on the Express Financial move may have helped some folks avoid some damage.

Reply by Laura Vestanen on 11/15/07 1:13pm
Msg #221446

Thank you, Diane

Very kind of you to post an alert for us.

Reply by CF on 11/15/07 2:09pm
Msg #221464

Re: Thank you, Diane

Not to happy to hear this one...I have 3 open invoices for them right now. I know that HFC is in trouble but that is IREP- the other division.

Reply by DianeCipa on 11/15/07 2:41pm
Msg #221475

You are welcome.

Let's hope it's not a shutdown. They may like the rest of us just be reorganizing to survive but it doesn't hurt to keep all eyes open.

Reply by Stamper_WI on 11/15/07 7:40pm
Msg #221526

Oh%#$@$

I had a no sign with them tonight and going back tomorrow with the acceptable doc's.

Reply by DianeCipa on 11/15/07 7:52pm
Msg #221531

Re: Oh%#$@$

Shame you couldn't ask for payment at the time services are rendered like many appraisers and surveyors. I've often wondered if that was an option for NSAs to go POC on the HUD.

You know, now that I'm thinking about that, why not? Why should a title company care if you are paid directly by the borrower at the table?

I've never understood the practice of considering notary services as contingent upon closing or even subject to RTC rules.

Just a thought.