MCS Contract - REO Property Preservation Forum
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post #1 of 14 (permalink) Old 01-09-2013, 05:01 PM Thread Starter
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Wink MCS Contract

I have been in the preservation field for two years and I wanted to know what were the basic requirements MCS will want from my company to obtain a contract directly with them!!!!!

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post #2 of 14 (permalink) Old 01-09-2013, 08:52 PM
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Originally Posted by H & S Services LLC View Post
I have been in the preservation field for two years and I wanted to know what were the basic requirements MCS will want from my company to obtain a contract directly with them!!!!!

Thanks
EZ - fill out vendor app. couple day later they call us you are approved!
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post #3 of 14 (permalink) Old 01-09-2013, 09:17 PM
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We do very little volume with them, maybe 10-15 work orders in last 4 months, but they said they are going to a regional for my area, so I won't be getting any direct work anymore. Unsure whom they are going to.
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post #4 of 14 (permalink) Old 01-09-2013, 09:56 PM
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Only real requirement is GL and E&O insurance, not sure if they need contractors in your area though?? I signed up last year and they said they would hold my info if they ever needed anyone in my area. Never heard from them.......
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post #5 of 14 (permalink) Old 01-10-2013, 07:28 AM
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Apply and wait
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post #6 of 14 (permalink) Old 01-10-2013, 07:11 PM
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One of the recent policies we have adopted is to find out if the company were negotiating with has any type of volume...if they even have one property in the area the have coverage already...
If they don't have volume why sign up with them...
At first most were hesitant and when I explained...let's be real why waste everyone's time your's and theirs....

Aladay LLC
Property Preservation
New Business Consultant
Custom Glass&Wood
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post #7 of 14 (permalink) Old 01-10-2013, 09:59 PM
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They are the Chargeback Queen....Safeguard is king.

BE double dang sure to be a LLC or a INC when you work for them since they will use your insurance policy as an ATM and you will be paying many many deductibles on your E&O Policy.

Seen "attempted" chargebacks from them from 4-5 years ago. No notice, No opportunity to appeal, No NOTHING but a bill from the law firm that collects the deductible amount from ex-slaves.

Some think I'm blowing smoke? We get 1 to 2 of these per month and ALL are normally on properties 2++ years ago. This 1 is a property that was a duplex: Our work order was for 5219 address (lockchange completed by others and was empty--we only mowed and did the inside inspection) but apparently should have been for 5217 (occupied verified by the young man talking to us)

Whos fault with putting a wrong address on the work order? Who are they attempting to collect from for that mistake? You know the answer.

This old business name, fortunately an LLC, has now filed for business bankruptcy to stop the nonsense.

MCS was OK to work with for the first 10 years than slowly went downhill. When we decided to quit them in 2011 that is when all hell broke loose.

Good luck.
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post #8 of 14 (permalink) Old 01-11-2013, 04:17 AM
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What the Wannabe said is all true. We know from other subs and from personal experience. With those two jags, it wasn't about being at fault, it was about being liable.
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post #9 of 14 (permalink) Old 01-11-2013, 05:09 AM
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I've heard stories about how MCS will have meetings with their managers on how to create new and more better ways of back charging contractors.
How to invent bogus claims.


Now I know in the internet age a guy can hear pretty much about any thing...... but I've always been a believer of where there is smoke there is fire.

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.
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post #10 of 14 (permalink) Old 01-11-2013, 05:44 AM
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"Gudnuf" preservation is doing a trashout on the bad side of Cracktown, USA at the corner of 15th and Crime. Three weeks later the neighbor calls the company from the sticker on the door and says the crew damaged her pool and stole her sons bike from the back yard. The company automatically submits a claim on your E & O and contacts the mitigation attorney who is paid from your policy. You get the letter, then the attorney calls you for your side of the story. Bla, bla, the result is the lady gets a check for $4700 for a new pool and a bike. Of course she won't offer to explain that she discovered her son's cousin borrowed the bike and never returned it, or that the pool pump and wall split from freeze damage. I know enough contractors and from experience, that instances like that are not unique, and that there is a pattern to it.
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