HomeStar Property Solutions - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 44 (permalink) Old 02-27-2013, 08:50 PM Thread Starter
Senior Member
 
Join Date: Apr 2012
Posts: 751
Thanks: 123
Thanked 504 Times in 253 Posts
HomeStar Property Solutions

Used to be called Energy REO Solutions. Got the call and the app from them today.

Anyone got any other info about them?
Gypsos is offline  
The Following User Says Thank You to Gypsos For This Useful Post:
kcbnc (05-07-2013)
Sponsored Links
Advertisement
 
post #2 of 44 (permalink) Old 02-27-2013, 09:00 PM
Senior Member
 
REO2Rentals's Avatar
 
Join Date: Sep 2012
Location: Michigan:)
Posts: 236
Thanks: 147
Thanked 30 Times in 23 Posts
Quote:
Originally Posted by Gypsos View Post
Used to be called Energy REO Solutions. Got the call and the app from them today.

Anyone got any other info about them?
Did they attached price list with that?

Professional REO Rentals Maintenance, Property Preservation Specialist, Notary Public, Home Inspector

If you looking for a dynamic, high caliber PPI firm contact us today!
REO2Rentals is offline  
post #3 of 44 (permalink) Old 02-28-2013, 05:23 AM Thread Starter
Senior Member
 
Join Date: Apr 2012
Posts: 751
Thanks: 123
Thanked 504 Times in 253 Posts
Quote:
Originally Posted by REO2Rentals View Post
Did they attached price list with that?
No price list. Was told it is being reworked because they recently got some new contracts.

The work mentioned was both VA and Freddie Mac. Anyone have any experience doing either of these?
Gypsos is offline  
Sponsored Links
Advertisement
 
post #4 of 44 (permalink) Old 02-28-2013, 07:46 AM
Super Moderator
 
Join Date: Oct 2012
Location: Southeast Wisconsin
Posts: 1,059
Thanks: 890
Thanked 1,208 Times in 536 Posts
Quote:
Originally Posted by Gypsos View Post
No price list. Was told it is being reworked because they recently got some new contracts.

The work mentioned was both VA and Freddie Mac. Anyone have any experience doing either of these?
I do some VA REO work with MSI. I have only done FMAC rehabs, no P&P. If you have question, shoot me a PM.



BRADSConst is offline  
post #5 of 44 (permalink) Old 02-28-2013, 09:32 AM
How I wanna be a PP Pro
 
Wannabe's Avatar
 
Join Date: Oct 2012
Location: USA
Posts: 1,103
Thanks: 232
Thanked 1,277 Times in 562 Posts
Energy REO was a good company to us. Only did a few little rehabs but it was at our bid amounts. I really didn't think the mortgage companies would continue, for any long length of time, to rehab properties when they sell "as is" so fast.
Wannabe is offline  
post #6 of 44 (permalink) Old 02-28-2013, 09:42 AM
Business Consultant
 
Cleanupman's Avatar
 
Join Date: Nov 2012
Location: Silver Springs, Nevada
Posts: 1,380
Thanks: 322
Thanked 564 Times in 339 Posts
They sent a sample pricing...they said sample....at the bottome of the price schedule was this statement.
Failed QC $100 fine....
I inquired about this and this is what we received for them.....

I apologize for being absent - I have been buried in emails and have been in and out of the office over the past few weeks.

As I told you before, the price list I gave you is not approved and was just meant to be given to you as a reference for task pricing. We may or may not implement a penalty program for late work orders - that has not been decided and I ensure you it would not be hidden to our contractors if it were.



Our QC program is also being redeveloped and is in no stage to be shared with our vendors. Once we have the price list and QC guidelines approved, we will be more than happy to share it with you. Unfortunately, we cannot share client information - it will all be implemented into our guidelines.


I understand if you are uncomfortable with this and would not like to work with us just yet. I can let you know in the future when we have approved QC guidelines and a price list for you.

So you be the judge....I know they are having some growing pains as the name has changed but I would think that you have a QC program in place if a pricing schedule...sample or not...if there is a fine attached for a failed QC inspection....I will be doing a follow up phone call later today with them to see if things have progressed....

Aladay LLC
Property Preservation
New Business Consultant
Custom Glass&Wood
Cleanupman is offline  
post #7 of 44 (permalink) Old 02-28-2013, 11:12 AM
Senior Member
 
Join Date: Jan 2013
Posts: 124
Thanks: 78
Thanked 41 Times in 29 Posts
I've been told they pay by direct deposit something like 48 hours after the job is complete ... unheard of for this work!
ontimepres is offline  
The Following User Says Thank You to ontimepres For This Useful Post:
68W30 (03-01-2013)
post #8 of 44 (permalink) Old 02-28-2013, 10:41 PM Thread Starter
Senior Member
 
Join Date: Apr 2012
Posts: 751
Thanks: 123
Thanked 504 Times in 253 Posts
Quote:
Originally Posted by ontimepres View Post
I've been told they pay by direct deposit something like 48 hours after the job is complete ... unheard of for this work!

I was told they discontinued that when I talked to them. He mentioned some sort of accelerated pay for a fee.

I believe it was 2%, not sure about the percentage because all I heard was you have to pay to be paid and quit hearing it.
Gypsos is offline  
post #9 of 44 (permalink) Old 03-01-2013, 09:47 AM
Super Moderator
 
GTX63's Avatar
 
Join Date: Apr 2012
Location: Your House Soon...Soon
Posts: 3,186
Thanks: 676
Thanked 2,249 Times in 1,094 Posts
Quote:
Originally Posted by Cleanupman View Post
They sent a sample pricing...they said sample....at the bottome of the price schedule was this statement.
Failed QC $100 fine....
$100 fine. That is interesting. If that makes it into their final pricing I'd like to see how that plays out. A- $100 fine and the contractor has to return to the property to make corrections? B-$100 and the contractor does nothing, the money just goes back into their pocket and it remains in that condition until the next regional gets the contract. C-$100 fine and it is reassigned.
GTX63 is offline  
post #10 of 44 (permalink) Old 03-01-2013, 10:46 AM
Senior Member
 
Join Date: Apr 2012
Posts: 2,403
Thanks: 1,518
Thanked 533 Times in 287 Posts
All new regulations are safeguard, CoreLogic, MCS, and Freddie Mac all rolled into 1. You now have to write on a dry erase board the cubic yardage with photos, and take progressive load photos with measurements of your trailer in the photos. You're pre approved up to 30 cubic yards to remove at 25 dollars a cubic yard. Anything over 30 cubic yards you have to photograph with a white board, bag up and move to a garage or a basement and bid it. They do not pay for any bagging on moving debris. their initial REO service now pays 120 dollars for sales clean, change all locks and initial lawn cut. I think they also send E-Coupons for KY!!!!
mtmtnman is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the REO Property Preservation Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome