Posted by Arthur Georgelas on 10/8/08 11:23am
Msg #266620

Failure to Pay

I have had a problem with Interstate Closeings as they only have paid a Trip Charge for a closeing that did not complete due to errors on the part of the lender. I requested payment in full as I had turned down other jobs that I could not accept as I had committed to their job. Beware this company

Reply by ChristineHI on 10/8/08 6:24pm
Msg #266679

Are you talking about Interstate Escrow? If so, it is pretty common if you are dealing with only a title company and not a signing agency, to not be paid if a closing/funding of a loan does not occur.
I like working directly with a title company because I get paid quickly, and sometimes more, however, since title does not get paid it is not uncommon for just a trip fee or even nothing. Errors occur on the part of lenders a lot unfortunately and that can cause the loan to cancel. So many things can cause that to happen. I spent 15 years underwriting loans so I have seen it happen a lot over the years.
I think I should be paid not matter what as well, but I know that not being paid is becoming even more common now unfortunately. If I have an established relationship with the company I will talk to them as well and tell them how I feel and see if we can work something out. Many times they will pay me out of their pocket to avoid losing me as a notary. It depends on the company and your relationship with them. That has worked sometimes for me as well. If they know I won't work with them again because I just cannot operate my business like that, sometimes they are willing to help me out.
Anyway, Interstate Escrow has been good to me in the past so if it is them, my experience has been that they will do whatever they can to help.
Good luck! Sorry that happened to you.....=-(

Reply by Jack Tri on 10/9/08 12:03am
Msg #266694

Tell them you are going to report them to the IRS See how fast you will get paid.
How Do You Report Suspected Tax Fraud Activity?

If you suspect or know of an individual or company that is not complying with the tax laws, you may report this activity by completing Form 3949-A. You may fill out Form 3949-A online, print it and mail it to:

Internal Revenue Service
Fresno, CA 93888

If you do not wish to use Form 3949-A, you may send a letter to the address above. Please include the following information, if available:

Name and address of the person you are reporting
The taxpayer identification number (social security number for an individual or employer identification number for a business)
A brief description of the alleged violation, including how you became aware of or obtained the information
The years involved
The estimated dollar amount of any unreported income
Your name, address and daytime telephone number
Although you are not required to identify yourself, it is helpful to do so. Your identity can be kept confidential.


http://www.irs.gov/individuals/article/0,,id=106778,00.html