Posted by DianeCipa on 7/30/08 10:10am
Msg #257642

Mercury Companies closing offices

Wine Dog has the letter posted. http://pinkbunnyears.com/?p=859

Reply by Les_CO on 7/30/08 10:29am
Msg #257645

At one time something like 26 Title Companies, 6000 employees, a couple of corporate jets, now ??? Maybe it really is slow out there? Well lets all be optimistic! Perhaps that bounced check from LFC wasn't because they changed banks?

Reply by BrendaTx on 7/30/08 10:54am
Msg #257650

Re: Mercury Companies closing offices - LOL

Clicked over to the "Pink Bunny Ears" blog and low and behold, the ad served at the top in BIG bold letters was:

PET ANAL GLAD REMEDY.

Reply by MistarellaFL on 7/30/08 10:56am
Msg #257653

Re: Mercury Companies closing offices - LOL

I think you meant GLAND remedy....LOL
But I am sure pet's are GLAD for the remedy...

Reply by Loretta on 7/30/08 11:06am
Msg #257654

Re: Mercury Companies closing offices - LOL

I think that the way this company told their employees is just plain wrong! This effects everyone and they should have been given notice. It looks like they got an email telling them to pack up and leave immediately.

I hope the owners get what they deserve.

Reply by Les_CO on 7/30/08 11:15am
Msg #257656

Re: Mercury Companies closing offices - LOL

Many people here in Denver got one day notice, said we are closing this office don't come in tomorrow. No severance, no separation pay, nada. No thanks for the last 20 years, just by-by.

Reply by Les_CO on 7/30/08 12:39pm
Msg #257667

Just as an update. Looks like LFC is closing their CO office also.

Reply by SheilaSJCA on 7/30/08 12:47pm
Msg #257671

Financial Title closed it doors today

Just got an email from an escrow officer here in San Jose. Effective
immediately, Financial Title will cease doing business in Northern CA-
maybe elsewhere? Just a heads up in case you have $$ coming from them.

Reply by ML/PA on 7/30/08 1:06pm
Msg #257674

I've been trying to reach the LFC Texas and Florida offices regarding payment on a closing and I can't reach anyone, only getting voicemail.

Reply by Marcus Farley on 7/30/08 1:56pm
Msg #257690

Your worried about 1 signing, I have over $2100 outstanding with them.........Looks like many of us got screwed.

Reply by ML/PA on 7/30/08 2:45pm
Msg #257719

Yes Marcus I am worried about 1 closing. I don't like to work for free. It's the same thing. And the reason I'm only out for 1 is because I stopped doing business with them when they lowered their fees. That was the first indication that there were problems. The only time I did a closing was when they couldn't find a $65 signing agent and had to pay my fee. Sorry anyone is out ANY money. I don't think any of us can afford not to be paid for each closing we complete.

Reply by BrendaTx on 7/30/08 5:01pm
Msg #257796

thanks, Diane. That's going to cut back on some of

those far reaching title companies.

But we all knew eventually there would be a bottom to this well.

Reply by DianeCipa on 7/31/08 6:20am
Msg #257897

paradigm shift

Not so sure about that, Brenda. This is a massive market correction. Where we end up is anybody's guess at this point. When it's over, survivors will pick up the pieces and figure that one out.