Posted by Ndwa on 9/19/07 6:46pm
Msg #212124

I'm not going to see this much $$$$

I heard what y'all are saying, the slow down is bad, but this is even worse. Currently I have about $1200 worth from outstanding invoices for signings done between Jul-Aug and all from companies who already went under BK.

Reply by janCA on 9/19/07 7:04pm
Msg #212129

I'm right about at that amount myself. And what ticks me off is the majority of these companies don't have the decency to return calls or emails to let you know what is going on. They just ignore you.

Reply by Steven Carter on 9/19/07 7:50pm
Msg #212145

I was speaking to the owner of a signing company today and he personally know 2 notaries that are owed 15 and 20K each from a service that they did a ton of business for. Sounds a little extreme but I guess its possible...

Reply by CJ on 9/19/07 7:54pm
Msg #212147

That is so evil.

These people must have known they were in trouble when they kept calling the notaries. They knew the notaries would never see a lot of their money. But the notaries went out in good faith, took time away from other jobs and their familys, politely and professionally put up with crap from the borrowers, and then never got what they earned.

We turn down work for low pay, but we don't know when we are doing it for $0. They could offer to pay us $250, and it doesn't matter what they say, because they know it is still $0.

Reply by CaliNotary on 9/19/07 8:45pm
Msg #212151

I don't see how how you think that's possible. I made about $25K from my best signing service in all of 2006. You simply cannot run up a $15K tab with a signing service unless you're working nonstop for several months without getting paid. And I can't imagine anyone being stupid enough to be doing that much work if they're not getting checks along with it.

Reply by Philip Johnson on 9/19/07 8:20pm
Msg #212149

Money in the bank, just not the right bank :(

Hopefully folks will now view this as a business where you cannot issue 45-60 day rides on accounts due. It ain't money in the bank till it's in your bank.

Reply by bigdog on 9/20/07 7:34am
Msg #212191

I think it's getting to the point where...

we have to start thinking of this business like any other. Pay as you go. Pay me first, then I'll go and do the signing. I know the SS, TC, and Lender's aren't gonna like it, but that's what we need to do. If everyone would do this, they would have no choice in the matter. But alas it won't happen. We aren't organized enough to effect that type of change. Too many newbies who don't understand the situation. We NEED to get organized!!!!!!

Reply by HARRY_PA on 9/20/07 8:39am
Msg #212198

Re: I think it's getting to the point where...

I think that you have independent business owners confused with union workers. You must be responsible for your own business decisions and failures. Good luck.

Harry

Reply by MelissaCT on 9/20/07 9:32am
Msg #212206

I agree, Harry_PA

like grocery stores, we don't need a union. There is no sense in giving our hard-earned dollars to an organization to *purportedly* represent our interests. If you like to do that, join the NNA.

The preceeding is strictly my opinion.

Reply by bigdog on 9/20/07 10:56am
Msg #212219

You misunderstand what I'm saying,

I am by no means a union man. I despise unions. All I'm saying is until we, as a group, change our way of getting paid, no one will do it for us and things will stay the same. We will continue to be at the mercies of unscrupulous SS, TC, etc, that will pay at their leisure or not pay at all. Yes, we are independant business owners, but does that mean we can't come together and effect change in our industry? No. The problem remains, that there are too many in our industry that don't care about what others in the same business are doing as long as they aren't affected. Problem here is, sooner or later, they will be.

I don't purport to know the answer to our dilemma, I'm just saying something needs to change. JMHO

Reply by docs1954CA on 9/20/07 11:13am
Msg #212221

Direct payment

From the borrowers is the only way I see this happening.After all the borrowers are the ones that pay us, after everyone else adds on to it.What if the borrowers were able to pick their own Notary, as I see some lenders do that, I've been called to several times to, and they pay us at the time of closing? It would cost them less, we would get paid right away, and every one would be happy, right? Except of course for the SS and TC's that want to gouge the borrowers for some "extra fees".

Reply by HARRY_PA on 9/20/07 11:13am
Msg #212222

bigdog n/m

Reply by HARRY_PA on 9/20/07 11:22am
Msg #212223

Re: bigdog

I think that what we are doing on this forum is the coming together you seek. We can exchange ideas and experiences and empathize with one another. We can't price fix or pressure anyone to pay us in any particular way. The marketplace has and will continue to dictate the way we do business. Good judgment and a lot of good fortune are needed in these perilous times. I wish us all the best.

Harry