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Posted by  JanetK_CA on 7/16/18 8:44pm
Suit yourself... I just think that's a short-sighted attitude. Those who prepare contingency plans whether or not any of this comes to pass will probably be fine, and yes, we may all be fine, as it may not come to pass. But if it does, who knows about those who decide to wait until "a whole network of lenders and title companies go this route". It might be too late by then.
Ask yourselves if you have 12 - 18 months of cash reserves (or more) if the bottom falls out of this whole business. I'm not trying to be Henny Penny. I'm just saying that we're starting to see some handwriting on the wall and right now, we have a chance to be smart about the future - or foolish and short-sighted.
Some of us have seen downward cycles in our industry before. There were lots of notaries posting here and bemoaning their 'fate'. If we'd seen it coming sooner and if they'd planned ahead, at least some of the desperation we read about might have been avoided. It was heartbreaking...
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