New HUD Mortgagee Letter - REO Property Preservation Forum
 
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post #1 of 6 (permalink) Old 02-09-2016, 11:19 AM Thread Starter
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New HUD Mortgagee Letter

Some new allowables added, some maximum allowables increased. First change to allowables since 2008. Grass cut prices look like they stay the same.

http://portal.hud.gov/hudportal/docu...id=16-02ml.pdf

What do you think? Is the industry now saved?

Iíve already told you more than I know.
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post #2 of 6 (permalink) Old 02-09-2016, 12:03 PM
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The one that jumps at me is winterization-one of the most important things you do to preserve an asset from damage.

$100 minus 20% at best....$80 wints to the majority of guys doing them.

Nope, the industry is not saved.
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post #3 of 6 (permalink) Old 02-09-2016, 01:00 PM
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The one that jumps at me is winterization-one of the most important things you do to preserve an asset from damage.

$100 minus 20% at best....$80 wints to the majority of guys doing them.

Nope, the industry is not saved.
Far from it, not being saved that is. You know SD I have always wondered how much Ali Klien and his merry band of thieves at SG have influenced HUD. I have heard many trips to DC he has taken. The dark side is strong in that one !
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post #4 of 6 (permalink) Old 02-09-2016, 03:26 PM
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Quote:
Originally Posted by PropPresPro View Post
Some new allowables added, some maximum allowables increased. First change to allowables since 2008. Grass cut prices look like they stay the same.

http://portal.hud.gov/hudportal/docu...id=16-02ml.pdf

What do you think? Is the industry now saved?
They combined and eliminated some of the lot sizes so some prices have gone down.

They changed the wording on lock changes and depending on how you interpret it they may have gone down as well.

Snow removal took a nice jump, too bad you SG guys won't see any of that increase!
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post #5 of 6 (permalink) Old 02-10-2016, 07:05 AM
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Originally Posted by disgusted View Post
Far from it, not being saved that is. You know SD I have always wondered how much Ali Klien and his merry band of thieves at SG have influenced HUD. I have heard many trips to DC he has taken. The dark side is strong in that one !
The Nationals have a strong lobby and take pride, even publicizing that they contribute to the legislation and guidelines put out by Washington.
Sort of like Grima and King Theoden for those who follow the Lord of The Rings.
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post #6 of 6 (permalink) Old 02-10-2016, 08:50 AM
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Quote:
Originally Posted by PropPresPro View Post
Some new allowables added, some maximum allowables increased. First change to allowables since 2008. Grass cut prices look like they stay the same.

http://portal.hud.gov/hudportal/docu...id=16-02ml.pdf

What do you think? Is the industry now saved?
it would be if we could get all the companies to use this -20% instead of there in house pricing. pretty clear what some of these companies are doing I know a client goes from SG to five brothers. SG pays $28 to mow the yard (10000-15000 Sq ft when five brothers mows it there contractor gets $68 after discount. you think SG isn`t charging there client the full $85 on the allowable. 5 brother has started is past few years to have all of us bid on the lawn cuts. I didn`t drop my prices at all the first year and lost most of my yards. next grass season I dropped all my lawn prices by $5 and my volume returned. I think to myself how long it will take 5 brothers to go the direction of SG so they take in more profits.
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