Posted by Corinne/CO on March 19, 2008, 6:59 am, in reply to "opinions please"
207.200.116.195
The person who told you they have never heard of the practice of half fee for no show/no sign has their head in the sand. That is very standard. There are a few that pay full for no show, no sign. If I don't make a trip, I expect the print fee and get it. If a borrower is a no show, I would like half the signing fee and full print fee, but do accept half the total. If I meet with borrowers and they decide not to sign, I will negotiate based upon the time I spent. Last month, I met with borrowers who decided after nearly an hour not to sign and I was paid full fee.
--Previous Message--
: I'd like to hear from some of you about
: what is reasonable when after you
: print docs, spend time and money going
: on a closing appointment and the
: signer is a no show and later calls
: and says they are not going through
: with the loan? I've always charged
: half price on that and felt that's
: reasonable. I had one scheduler today
: that has just started sending me deals
: object to any fee at all when their
: signer cancelled, and said their
: office manager wasn't familiar with
: the practice of paying anything for a
: cancelation. Any comments?
: As independent contractors I think
: it's unreasonable to just let someone
: have us print up docs, spend money on
: gas and use up our time and then get
: paid nothing for it when their client
: cancels... What say you?
:
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