Posted by Hart - Marilyn on 11/6/09 9:30pm
Msg #310153

maryland closings

Anyone from Maryland?

Reply by Loretta on 11/6/09 9:51pm
Msg #310155

I am from Maryland. I did closings in Maryland for 13 years.

Reply by Ilene C. Seidel on 11/7/09 6:04am
Msg #310166

No longer Loretta? How come?

Reply by Ilene C. Seidel on 11/7/09 6:04am
Msg #310165

Yup I'm in Baltimore

Reply by Loretta on 11/7/09 8:30am
Msg #310180

One of the many reasons is that I couldn't compete with the $65 notaries that were doing closings. It use to matter to attorneys who they hired and now it's not quality-it's quantity.


My title business fell apart with the economy when most of the attorneys/title companies are doing the title searches online (I ran an abstracting company for 13 years too). My biggest clients were Beneficial (out of business), Centex Homes (they hired an "in-house" closer). I remember getting my schedule from Centex when settlements were scheduled every hour from 9am to 7pm and I charged them $125 per closing and they had the docs ready and the borrowers at their office. Why pay me $900 a day or more so they hired a girl to sit in there for $10 an hour and also made her type the HUD and other closing docs. She would get mad when I would come in to help with the over flow because she would have to cut my check and knew I was making in one hour what she made in 12 hours. Most of the title companies I worked for hired in house abstractors and closers.

Needless to say, I moved the title business to Delaware, their land records are not online and I am trying to start over again after losing our home in foreclosure in August of this year. My husband was in the same business with me so he lost his job too. We cashed in our IRA and lived off that for a while and we may be sort of down, but we are not out!
Sorry, I went off the deep end for a minute.

Reply by MW/VA on 11/7/09 8:37am
Msg #310183

Sorry to hear of all your woes, Loretta. Best of luck in DE. They are an "attorney only" state.
Will that help you?

Reply by Loretta on 11/7/09 9:49am
Msg #310192

I knew when I moved here that Delaware is an attorney state so that won't help me here but I am very good when it comes to title work so I don't see a problem getting started in Delaware. I only lived 20 minutes from Maryland so I plan on offering recording services for title companies.

Reply by Alice/MD on 11/7/09 3:41pm
Msg #310220

Re: Maryland closings

Yes, I am in Hagerstown Maryland. Just renewed my $150K Surety Bond and TPL. Glad to hear from you, Loretta. Hope all goes well for you from this point on in Delaware.

Reply by Pete/MD on 11/9/09 2:20pm
Msg #310369

I am located in SE Baltimore City.

Reply by Yowheelz on 11/9/09 6:23pm
Msg #310401

Eastern shore

would have replied earlier but I've been down with the flu. Have been doing closings 15 years and don't intend to quit.