Posted by Becca_FL on 12/23/08 2:47pm
Msg #272687

Richmond Title closing tonight

Well, my fee was approved and I have worked with them for many years without a payment issue, but with the current climate of the TC business, I have requested that I be paid in advance. We'll see how that plays out. I'm just not willing to give them a freebie like I did with Archer a few months ago. Based on recent posts, it seems that all the signs indicate that Richmond could be the next to bite the dust.

Reply by Linda Juenger on 12/23/08 4:09pm
Msg #272695

I have worked for Richmond many times. They have never been the fastest payer on the block, but they do pay. I just got paid for one I did in late Oct and have 1 outstanding that I did middle of Nov. I'm not worried at all.

Reply by Becca_FL on 12/24/08 10:36am
Msg #272746

Linda,

I had your same attitude about EFS and Archer and look where that got me....stiffed for $725 with EFS and $125 with Archer. I have worked for Richmond for at least four years and have only had one payment issue, but the recent posts seem to follow the same pattern of an ailing business. Good TC lowers rates they are willing to pay, they used to pay in 2-3 weeks now it's more like 45-60 days, next you see multiple posts of no pay. IMO, the writing is on the wall. I try to learn from my mistakes.