Posted by A-1 Signing Agents, LLC on 2/6/08 2:51pm
Msg #234321

Contracts--

Just a thought here. Most of the companies want a bunch of info from us and we give it without much thought. With the exception of the DL. I know for most of mine, i've had to sign and Independent Contractors Agreement. I was thinking if we could collectively come up with some ICA for them from us for the new companies we come across. We promise to close the loan without error and in a timely manner, they should sign an agreement to pay us in a timely manner. It would seem we'd have more recourse with them in the event a non payment goes to small claims. Any thoughts? I don't word things well so for me to make up that type of contract wouldn't work.

Carol

Reply by Michyt_CA on 2/6/08 3:01pm
Msg #234323

I like that. It might work if we kept it simple to 1 page so they can't complain about not having time to deal with it.

Reply by ZeeCA on 2/6/08 3:39pm
Msg #234331

if you and YOUR company want some type of contract... then come up with one that states what you want and etc. why do you need a bunch of us if this is what you and YOUR company desire?

Reply by A-1 Signing Agents, LLC on 2/6/08 3:55pm
Msg #234337

Zee, what the heck makes you think I have any hidden agenda. Did "I" state anywhere that I wanted "anyone" to create a thing for me? Talk about paranoid. It was just a thought for all those of us who aren't getting paid to possible come up with some wording.

To all that may think like Zee, I have no agenda here. It was nothing for than an idea.

Reply by ZeeCA on 2/6/08 4:56pm
Msg #234350

"I was thinking if we could collectively come up with some ICA for them from us for the new companies we come across. "

paranoid NO, see your quote above. if it is YOUR company then you need to structure it as such and go with it. No reason to get another company involved.

Reply by Les_CO on 2/6/08 3:52pm
Msg #234335

IMO. A contract is only as good as the intent of the parties thereto. Most NSA’s I know use/hold the “confirmation” as at least a written affirmation of an existing (verbal) contract. Any legitimate SS or Title Company wants you to be an ‘independent contractor’ and will be happy to provide such documentation to you.
The PROBLEM rests with the thieves. They are most happy to provide you with whatever. They have no intention of paying anyone anything. They KNOW that it is almost impossible, and not worth the effort to try and collect small out-of-state debts. They themselves (if you can ever pierce their company BS and find out who they really are) are mostly judgment proof. (Meaning they have no assets to go after) Everything they own that is of any value is either hidden, or (most likely) doesn’t exist. Most are just broke low-life scum trying to steal a few bucks. If they are in the State you are in, it is a relatively simple and inexpensive matter to go after them. You use Small Claims Court, and get a judgment…collecting is another matter. I see people say “ruin their credit” etc. etc. Half of these people just got out of stir. They don’t care!!!! There are ONLY two ways to be SAFE in this business. 1) Ask for payment in advance. (In other words let them TRUST you, rather than you trusting them) 2) ONLY work for people you have (or others you trust) worked for before. That’s it! Sorry!
You ain’t alone, and these boards help, but it ain’t easy, and it sure ain’t guaranteed.

Reply by sue_pa on 2/6/08 4:19pm
Msg #234342

Carol - don't know how long you've been reading these boards but there never has been and there never will be "we could collectively" anything. An 'iron clad' contract means nothing if the parties aren't willing to enforce it and from what yuo see here, many aren't willing. I'll never understand why notaries don't go after companies in their own state - out of state may require some thought and legal help but in state? a no brainer to me. My 'contract' is my written confirmation of an order and that's all that's necessary to start a small claims case. 10 more pages of written jibberish aren't necessary.

What I want and what others want are entirely different. What your state wants/requires and what mine does in a contract are probably different.

Reply by A-1 Signing Agents, LLC on 2/6/08 4:28pm
Msg #234345

Very true Sue. It was just a thought more than anything. May just be something I attempt for myself. And something for others to consider. I was thinking along the line's of a 1 page deal. Nothing wordy. Just what is expected of them just as they expect certain things from us.

Reply by Les_CO on 2/6/08 5:21pm
Msg #234354

So if you get a call from YYY Title Company to do a closing near you, for them tomorrow at 6 PM, for $ XXX, email docs to you (hopefully) within the hour. This is from the “closer” that is working up the docs. (Some {good} Title Companies let their closers also schedule closings when it’s slow. What do you say? Yes I can do that! Send me a confirmation. And… by the way, I need you to sign a CONTRACT between your Title Company and me guaranteeing payment, and delineating our respective responsibilities, I’ll just fax it to you!!!
She of course, has no authority to sign any such contract, and it would take the Title Companies lawyers several days to look at the document, and consider it, then refuse to have anyone sign it for whatever reason (It’s called justifying their jobs/fees) Nope! I think It’s a great idea…but with millions of notaries out there, and more every day (thanks NNA) and a slow market. It just won’t work. Rather than trying to compose, and think about contracts, (that the deadbeats won’t honor anyway) I suggest you spend your time finding honest companies, and work with them