Posted by CARID on 2/11/08 9:05pm
Msg #234990

Linear Title has new conditions regarding notary payment.

Just wanted to give everyone a heads up. I have only done 2 closings for them. And the 2nd one rescinded which I new nothing about until I got my check.

completed closing quoted fee
rescinded closing 1/2 the quoted fee
signed documents but not funded 1/2 the quoted fee
unsigned documents 1/2 the quoted fee
subseqent closing on the same file quoted fee
closing cancelled prior to scheduled time nothing

No problem with these

incorrectly signed document reduction of $50.00
incorrectly shipped documens 1/2 the quoted fee
instructions completely disregarded nothing

Reply by ME/NJ on 2/11/08 9:20pm
Msg #234991

Great company, I have no problem with the conditions.

Reply by LKT/CA on 2/11/08 9:52pm
Msg #234992

I would have a problem not being paid the full fee if I've done the job. The fact that the loan doesn't fund or is rescinded has no baring on my part of the agreement, which is to get the docs signed correctly and returned timely. If the borrower(s) sign and I return the docs, then my contract with the TC or SS is fulfilled and I expect full payment. If the borrower refuses to sign or is a no show, then trip & print fees are in order. If they want to pay me full payment, that's fine too.

Reply by CARID on 2/11/08 10:17pm
Msg #234994

I agree !!! That is why I wanted to give a heads up for

anybody that works for them.

Reply by LKT/CA on 2/11/08 11:27pm
Msg #234999

Re: I agree !!! That is why I wanted to give a heads up for

Oops! Meant to respond to ME/NJ

Reply by KBLedgard_CA on 2/12/08 7:57am
Msg #235004

Re: I agree !!! That is why I wanted to give a heads up for

Well, since they are not part of "Signing Central" yet, can someone post their address, phone, web site so we can link this thread to it? Someone in the future might find this helpful.

Reply by CopperheadVA on 2/12/08 6:06am
Msg #235003

rescinded closing 1/2 the quoted fee
signed documents but not funded 1/2 the quoted fee

I agree with LKT that I have a problem with these two issues. In the past I've traveled pretty far distances for Linear and wouldn't be too happy with 1/2 fee on those deals, especially on a rescind or no-fund on signed and returned docs. And I have run into some screwy docs with them so the possibility of a no-sign is there.

It's interesting that they demand perfection from the notary or we get significant reductions on our fee, but when I jump through hoops to help them fix their errors at the table, they don't offer any compensation or even pay the FedEx Kinkos fees I incurred even though they had told me they would over the phone. (OK, another story for another day...)

Reply by CARID on 2/12/08 8:13am
Msg #235005

This file I did was 152 copies (one copy) and a 35 miles one

way. I will get them posted on signing central.

Reply by SReis on 2/12/08 8:27am
Msg #235007

If these are new policies....

Did they make you aware of the changes in rates BEFORE you took the closing? If not, you may be able to argue for your full fee.

Reply by cal2az on 3/26/08 7:31pm
Msg #240860

Re: Linear Title has new conditions regarding notary payment

Over 30 days.

I have not been paid for a 2/22/08 signing in which I printed docs, made trip, and borrower canceled while I was on his front door. Repeated inquires have net: Zero.