Saturday, February 26, 2005
Wednesday, February 23, 2005
My brother and I are unhappy with the escrow company our RE agent likes to use.
They suffer from Junk Fee Syndrome in our opinion and they are not very organized. Also, today, they announced that we have to pay them with a cashier's check "drawn on a California bank" (whatever that is). This, quite frankly, is bullshit. We felt perfectly justified in writing a check out of our LLC account.
As I put it to Paul, we are planning on doing regular business with all of these folks (agent, mortgage broker, insurance, escrow) and I expect a little consideration.
Some examples:
The escrow people send things out in dribs and drabs; a report approval here, a few days later another approval. FOr a while they were sending a form both of us had to sign to both of us at my address. We had to complain to our RE agent about that and then they sent things to both of us.
They refunded me $5K with the idea that I turn it right around and give it back to them (it's complicated). So, what did they do? They put it in the mail on Thursday, it arrived at my house on Friday, but they were closed Sat, closed Sun, closed Monday and we are scheduled to go in there tomorrow (Thursday) at noon to sign off. So, what was accomplished with that? Nada.
So, tomorrow we are putting our collective foot down and telling them that all future transactions will be with APK Properties LLC exclusively; no more "Alan and Paul" except as officers of APK. And we expect that a check from our company is acceptable just as we are supposed to accept a check from them.
We're in business. If I wanted to do things as private individuals we wouldn't have spent the $$ to LLC and open a business account, etc.
I came home tonight and put together a "bill" to the escrow company to present to them to make my point (as a joke). It has things like "report processing fee" and "report coordination fee" and "report delivery fee" plus I charge them $500 for a "non-standard payment method."
They suffer from Junk Fee Syndrome in our opinion and they are not very organized. Also, today, they announced that we have to pay them with a cashier's check "drawn on a California bank" (whatever that is). This, quite frankly, is bullshit. We felt perfectly justified in writing a check out of our LLC account.
As I put it to Paul, we are planning on doing regular business with all of these folks (agent, mortgage broker, insurance, escrow) and I expect a little consideration.
Some examples:
The escrow people send things out in dribs and drabs; a report approval here, a few days later another approval. FOr a while they were sending a form both of us had to sign to both of us at my address. We had to complain to our RE agent about that and then they sent things to both of us.
They refunded me $5K with the idea that I turn it right around and give it back to them (it's complicated). So, what did they do? They put it in the mail on Thursday, it arrived at my house on Friday, but they were closed Sat, closed Sun, closed Monday and we are scheduled to go in there tomorrow (Thursday) at noon to sign off. So, what was accomplished with that? Nada.
So, tomorrow we are putting our collective foot down and telling them that all future transactions will be with APK Properties LLC exclusively; no more "Alan and Paul" except as officers of APK. And we expect that a check from our company is acceptable just as we are supposed to accept a check from them.
We're in business. If I wanted to do things as private individuals we wouldn't have spent the $$ to LLC and open a business account, etc.
I came home tonight and put together a "bill" to the escrow company to present to them to make my point (as a joke). It has things like "report processing fee" and "report coordination fee" and "report delivery fee" plus I charge them $500 for a "non-standard payment method."
Subscribe to:
Posts (Atom)
