HUD And REO Property Preservation

a1propertyclean

Okay, folks. This is going to be a lesson in ethics. Please, please, please don't allow it to happen to you. Going along with something like this can make or break your reputation in the industry, not to mention you could be the target for numerous lawsuits.

The conversation is likely to get even more interesting as new posts are added and you'll get the chance to see responses about an unethical broker by ETHICAL brokers.

"Broker Interfered w/Trashout ~ Unethical Conduct? Conflict of Interest?"

http://www.agentsonline.net/forums/u...tml#Post261799

It's even likely that the unethical broker will be provoked to defend himself, although I haven't mentioned any names. And it will be interesting to see what kind of dirt he'll throw back on me.

If he does, it will almost assuredly be libelous in nature. If you post, be careful what you post. This is a very strong forum.

Enjoy!

Linda

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Linda @ All REO Preservation
http://allreopreservation.com
allreo.vendor.review@gmail.com [experienced vendors only - please list state and counties if you're looking for work]

BKFranks

What do you think about marketing service to real estate agents or RE firms for REO repairs or say an agent has a client ready to purchase an REO, but needs repairs? Could there be an opportunity there?

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a1propertyclean

One of the producers at the Fox Network in Chicago has asked me to find a preservation contractor in their local area to interview.

Anyone interested? Just send your information to me via e-mail, along with a brief background of how you got started and where the industry has taken you. This way I can forward it to the producer.

This could be a good opportunity for the right vendor. I look forward to watching [or reading] the interview.

Linda

__________________
Linda @ All REO Preservation
http://allreopreservation.com
allreo.vendor.review@gmail.com [experienced vendors only - please list state and counties if you're looking for work]

Tammylj

Hi all, i was wondering if anyone could give me the info=
on how to get on with hud for property preservation?=A0 I have been trying=
to figure out how for about 6 months now and i found this site which some =
of the conversation have answered so many questions i had.=A0 My soon to be=
husband has been doing this for about 6 six years and honestly he doesnt k=
now anything i ask him.=A0 I want technicals and he left all that up to his=
mom and she got her answers from her boss which is a broker and well ya kn=
ow it is crazy!=A0 As it has for everyone work has slowed down so we are ju=
st trying to pick up some extras and that info would be greatly appreciated=

Tammy

billybl35

Hey every body,

Wondering if anyone can help out real quick. Under an initial secure order per hud guidelines are we the contractor authorized to remove personals automatically? I see alot says yes alot sys depending..Anyone know for sure what the protocol is??? Thanks alot for all the help........Bill

jspur

Alot of the information on property preservation includes evictions as a service offered/required...What exactly would be required for a pp company to perform this service? Would the pp company be required to notify police etc to physically remove the tenant/homeowner? We are a FL Certified Building Contractor doing remodels and additions, also a InterNachi certied inspector, and see a need for pp in our area due to the large amount of foreclosures. Any advice on getting started in pp would be appreciated. Thanks in advance for any info...Have a great day

Brickie

Go to HUD site, all the info is there for you. You also need insurance, a truck and lots of tools that real contractors would have

__________________
“Ron Paul is one of the outstanding leaders fighting for a stronger national defense. As a former Air Force officer, he knows well the needs of our armed forces, and he always puts them first. We need to keep him fighting for our country.” – Ronald Reagan

lawndart

This is like a shark feeding frenzy. I wonder how many people with no contracting experience are trying to get into this now, because of the current economic conditions.

Brickie

From what I've read here and in other forums, quite a bit. Just like the goofs that watch a few episodes of "Flip this House" and then decide that they are now "experts" on contracting, they're all in for a rude awakening.

__________________
“Ron Paul is one of the outstanding leaders fighting for a stronger national defense. As a former Air Force officer, he knows well the needs of our armed forces, and he always puts them first. We need to keep him fighting for our country.” – Ronald Reagan

lawndart

I've considered getting into this business Brickie, as you well know I've got all the big boy tools lol. Can you offer me any type of advice? Is this business really worth it? Is there a bunch of paperwork involved? What should I look out for when approaching a company for work?

Thanks in advance

Brickie

I wouldn't quit my daytime job if I were you.

Here's what it supposedly pays in your neck of the woods:

http://www.hud.gov/offices/hsg/sfh/r...ate.&x=21&y=12


Keep in in mind, the allowables listed above doesn't include any "fees" (usually around 25-30%) that are deducted off the top from the big boys for turning you on to the gigs.

As someone previously posted, the big boys like to take forever to pay, or they short pay and your admin costs go thru the roof trying to collect from them

If you decide to to do PP Lawndart, I would recommend doing it to enhance your existing business.

__________________
“Ron Paul is one of the outstanding leaders fighting for a stronger national defense. As a former Air Force officer, he knows well the needs of our armed forces, and he always puts them first. We need to keep him fighting for our country.” – Ronald Reagan

lawndart

Thanks for the info Brickie .

D.A.S.Anthony

Oh my! Feeding Frenzy! Someone quick, where is my local hud agency located.

Bravo to you Linda, sounds like you have a good business out there in CALI.

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Anthony
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www.dasassociates.com Building from Greenwich to Fairfield and Westchester Counties.

a1propertyclean

LOL. Thank you for that. And to Lawndart and Brickie, thanks for the entertainment.

Okay, just a quick update on the ethics issue. I'm doing the interiew with NBC tomorrow to talk about "conduct unbecoming a broker" and will explain personal property guidelines, among a few other things.

I don't know when the interview will air. I don't know how the media will present the story. I don't know, and am not concerned, how the interview will affect my reputation or business in the future.

Right now, all I'm concerned with is making sure other vendors [yeah, you guys here] just getting into the business don't get put in a position such as the one I just went through.

So off I go to get my beauty rest. I have a feeling they might be a little rough on me during the interview if they want a good story.

Wish me luck tomorrow!

Linda

__________________
Linda @ All REO Preservation
http://allreopreservation.com
allreo.vendor.review@gmail.com [experienced vendors only - please list state and counties if you're looking for work]

jmorton

This is quite the popular thread! I found this site by accident, like a lot of others, while searching for info on property preservations. Currently Safeguard has a zone available in my area which I am interested in. I am little hesitant though, and would love to speak with someone who has done business with this company. I have a few questions which I would feel more comfortable hearing answered from another contractor.

jacilynt

morton, what would you like to know? We've been doing P&P with Safeguard for awhile, love it.

bob2455

Hi have anyone ever worked for Five Brothers Mortgage Services out of Michigan? Do they pay you on time?
let me know, they want to hire me.

bob2455

Hi have anyone ever worked for this company, if so, do they pay you on time.

They want to hire my service as a field inspector and contractor.

If anyone know anything about this company let me know
thanks

adv.building.el

Good Afternoon Linda,

I too am a woman owned contracting company in PA. I was wondering if we could talk by email sometime on how I can go about adding this type of service to our portfolio. I know we have the insurances and of course all the tools and experience, but I dont quite know where to go from there.

Any help would be awsome.....

Thanks in advance and have a great day!

Angie

__________________
Jesse Zimmerman
Director of Operations
Advanced Building Elements
Annville, PA

a1propertyclean

Hi, Jesse ~

I was going to send an e-mail to you but your address is not listed. Go ahead and contact me at allreopreservation@gmail.com.

Linda

__________________
Linda @ All REO Preservation
http://allreopreservation.com
allreo.vendor.review@gmail.com [experienced vendors only - please list state and counties if you're looking for work]