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Guarantees
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Guarantees
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Posted by Les_CO on 8/1/08 11:48am
Msg #258140

Guarantees

Guarantees? For all you self employed Signing Agents out there that want guarantees.
I’ll give you one…you’re in the wrong business!

This business is totally unregulated.
This business is mostly interstate (making it almost impossible to collect monies owed)
This business is based on trust.

There have been, and are now crooks/scam artists/and just plain thieves that have started (some many times) Signing Services, NOT in order to conduct honest business, but to get unsuspecting notaries to work for them, and deliberately not pay for their services.

There are also others, like us NSA’s trying to be honest, fair, and do business in a professional manner. Given the convolutions of this business, and the totally unfair competition (the above mentioned deadbeats get paid, but do not pay the notaries,equals 100% profit) but it’s tough.

Now we have major banks, lenders, and title companies going under leaving BILLIONS of unpaid debts.

You want a guaranty? Go to work for GM….uh...no wait… maybe no guaranty there either? Try Ford?…nope! I guess that leaves Mobil-Exxon, or the Government? And I ain’t to sure about the Government.

OR you could DEMAND payment in front? You’ll get maybe one signing a fortnight. If you’re lucky.

Go do something else, or UNDERSTAND the risks involved. Try to make your best call, do business with those that have treated you honorably in the past (no guaranty!) and Accept this business for what it is TODAY. Or leave it to those who can, and will.


Reply by Ilene C. Seidel on 8/1/08 11:55am
Msg #258142

Here Ye Here Ye
You go Les
Guarantee's went out the door long ago, everything is a risk.

Reply by Nancy M. Misenar on 8/1/08 12:04pm
Msg #258147

Very well said...indeed

Reply by sue_pa on 8/1/08 1:37pm
Msg #258166

SO agree

The risks are one of the reasons those of us who charge higher fees don't fuss as much as those that charge lower fees. We calculate the every day risks into our payments.

Reply by Lee/AR on 8/1/08 3:58pm
Msg #258195

Right on, Les. n/m


 
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