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My escrow officer was just laid off...

By
Real Estate Agent with Alain Pinel BRE 01367196

Another sign of the times....

Last Christmas season, we were shocked when title companies were were working with closed their doors in our area, and consolidated offices, followed by several reorganizations.

This afternoon, I just got the news that one escrow officer with whom I have active escrows (and there are others from my office working with her, too) was just laid off. This was totally unexpected, and she just got the note.

It's very disconcerting...although last year was tough, this year is showing promise. But with this recent economic turmoil, it looks like a lot of companies are getting ready to cut back where they can.

I am reminded of an adage, "When business is bad, it pays to advertise. When business is bad, you've got to advertise." So I have not pulled back --- yet --- on some of the things I do to stimulate business. But with credit card balances not getting paid off, this is making me nervous.

Comments (5)

Michael A. Caruso
Surterre Properties - Laguna Niguel, CA

We're all right there with you. This market is making most of us nervous.

Please remember me if you learn of anyone moving to "The OC."

Best Regards

Michael Caruso

Oct 01, 2008 08:13 AM
Tim Duvall
Area Manager at Guaranteed Rate, Inc - Colorado Springs, CO

Sad news... :(

Oct 01, 2008 08:18 AM
Salwa Rahim-Dillard
Frankfort, IL
NMLSR 225980

Yeah, the industry is making us all nervous. Have you started to diversify your income or incorporate a Plan B? It's the only way to ensure your financial freedom as this mess corrects itself over the next few years. Let's network  - http://www.GetTheMillionairesSecret.com

All the best,

Salwa

http://www.GetTheMillionairesSecret.com

 

 

Oct 01, 2008 09:53 AM
Mark Hall
Realty One Group Cascadia - Vancouver, WA
Homes for Sale Vancouver Washington

My Title Guy's office closed down a few months ago but he managed to make the cut. It would have been tough to lose someone I know and trust.

Oct 01, 2008 03:50 PM
John Cannata
214-728-0449 http://TexasLoanGuy.com - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

That is sad.  Hopefully they are able to find something quickly.

Oct 02, 2008 03:45 AM