Our Choose & Save program has gotten off the ground with a big bang.
It absolutely proves to me that consumers have NO PROBLEM paying a non-refundable deposit to cover abstract costs in exchange for a reduction in fees.
It's a valuable exchange for my company. We are incenting consumers to give us complete info in legible form with a deposit in exchange for lower closing costs.
We're more productive. Cash flow is better since we don't have to front the money for the abstract and lien letters.
I see it as a win-win.