ASSERO becoming insolvent? - REO Property Preservation Forum
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post #1 of 24 (permalink) Old 12-29-2016, 10:35 AM Thread Starter
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ASSERO becoming insolvent?

It's been observed that Assero isn't paying their contractors or taking time to. Seems their behavior is following the same path as AMS, since most of the people running Assero are from AMS
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post #2 of 24 (permalink) Old 12-29-2016, 12:47 PM
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Anyone who went to work for this company at those prices was begging to get screwed anyway.
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post #3 of 24 (permalink) Old 12-30-2016, 12:25 AM
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Anyone who went to work for this company at those prices was begging to get screwed anyway.

I think you forgot about volume

Stay away from fools, for you won't find knowledge on their lips.
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post #4 of 24 (permalink) Old 01-03-2017, 08:15 PM
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Anyone who went to work for this company at those prices was begging to get screwed anyway.
Unless you're going direct with some realtors and the like, there are no companies with "significantly" better prices. I still don't get how anyone pretends to believe otherwise.
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post #5 of 24 (permalink) Old 01-03-2017, 11:10 PM
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Unless you're going direct with some realtors and the like, there are no companies with "significantly" better prices. I still don't get how anyone pretends to believe otherwise.
Because we are out there doing the work every single day.

Most companies pay Significantly better. Also don't they don't they do "package pricing"? We charge for every service we provide.
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post #6 of 24 (permalink) Old 01-04-2017, 01:38 AM
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Yeah, they have an initial packaged price

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Because we are out there doing the work every single day.

Most companies pay Significantly better. Also don't they don't they do "package pricing"? We charge for every service we provide.

Similar to AMS, you can cherry pick them and make out OK. I did a few for them within a couple miles with no junk or very little. If I couldn't fit it in a few contractor bags or a small load on a pick-up, I told them I was too busy. There is always someone with poor math skills willing to do it for free, so they didn't give me any trouble over it.



I did take about 40 routines from them and negotiated a little better pricing when they had no one to cover my area. I needed to fill in some areas, and it worked out for me, sort of OK.

I bailed on them right after wint. season and all the $500 pre-approved plumbing repairs. Just because all I wanted were the grass cuts. Mostly 10-15 minute weed whacker or push mower stuff.

They paid me every penny right on time, as agreed.

Not an endorsement, but there is a way use them, they are not quite at the bottom of the barrel, at least not at the time.

Of course, I was doing the pre-forclosure on most of them, and I was my own inspector for a while, that all helps.

I am near 100% out of P&P and REO right now. But am into some rental turn-overs and repairs. It works well with my own rentals.
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post #7 of 24 (permalink) Old 01-04-2017, 10:15 AM
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Similar to AMS, you can cherry pick them and make out OK. I did a few for them within a couple miles with no junk or very little. If I couldn't fit it in a few contractor bags or a small load on a pick-up, I told them I was too busy. There is always someone with poor math skills willing to do it for free, so they didn't give me any trouble over it.



I did take about 40 routines from them and negotiated a little better pricing when they had no one to cover my area. I needed to fill in some areas, and it worked out for me, sort of OK.

I bailed on them right after wint. season and all the $500 pre-approved plumbing repairs. Just because all I wanted were the grass cuts. Mostly 10-15 minute weed whacker or push mower stuff.

They paid me every penny right on time, as agreed.

Not an endorsement, but there is a way use them, they are not quite at the bottom of the barrel, at least not at the time.

Of course, I was doing the pre-forclosure on most of them, and I was my own inspector for a while, that all helps.

I am near 100% out of P&P and REO right now. But am into some rental turn-overs and repairs. It works well with my own rentals.
Ha ha good for you man. You have been on here for a while and you are smarter than most contractors.

These guys aren't getting better pricing because they aren't asking for it. I met with a contractor in Arizona last week for lunch. He was working off of other people's price sheets.

I'm invoicing a job right now and I see things we aren't charging enough for.
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post #8 of 24 (permalink) Old 01-04-2017, 06:48 PM
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I have been working for them about a year, I only do the JP Morgan work in my area for them, maybe an occasional Carrington when it works out on my run.

However the pay is getting slower and slower, I may be pulling the plug on them very soon. There JP Morgan work is very nice, no discount and so on, however there payment's are slow and now even slower.
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post #9 of 24 (permalink) Old 01-11-2017, 05:29 PM
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Because we are out there doing the work every single day.

Most companies pay Significantly better. Also don't they don't they do "package pricing"? We charge for every service we provide.

That is why, because of "package pricing. FNMA allowable for flat fee is around $2100 for a huge list of items. The contract is a lottery and you cant make it work. SG makes it work because they screw their vendors. The other companies such as Cyprexx has states with a lot of condos and one story houses on slab. With that scenario, there is a chance. The rest is just absolute BS with huge expectations and FNMA barking up their butt with scorecards and a demanding field staff. Most nationals don't bother going after it. Only the greedy companies go after the FNMA contract.
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post #10 of 24 (permalink) Old 01-12-2017, 07:19 AM
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That is why, because of "package pricing. FNMA allowable for flat fee is around $2100 for a huge list of items. The contract is a lottery and you cant make it work. SG makes it work because they screw their vendors. The other companies such as Cyprexx has states with a lot of condos and one story houses on slab. With that scenario, there is a chance. The rest is just absolute BS with huge expectations and FNMA barking up their butt with scorecards and a demanding field staff. Most nationals don't bother going after it. Only the greedy companies go after the FNMA contract.
We get calls every year and when I hear Fannie Mae the call is over. I've yet to make any real money on a Fannie Mae job. They only pay $40.00 a cyd for debris when all of my other clients pay $50.00. Just one example of how they are an inferior proposition.
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