Interesting Article, SG is a joke - REO Property Preservation Forum
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post #1 of 47 (permalink) Old 04-03-2013, 09:51 AM Thread Starter
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Interesting Article, SG is a joke

It is a true shame what has happened to this industry. Safeguard is a joke.


http://www.huffingtonpost.com/2013/0...n_2999790.html
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post #2 of 47 (permalink) Old 04-03-2013, 10:14 AM
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Pretty comprehensive article.

I only wish they would have focused on maybe an example or two of the correct way things should be done.

If my only experience with that industry was that article, I would concluded that everyone in this business is either a felon or a laid off loan originator.
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post #3 of 47 (permalink) Old 04-03-2013, 10:19 AM
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Its funny that a few company's that i was to do work for,but declined.Are mentioned there also.But i didnt see anything about Buczek Enterprises LLC





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post #4 of 47 (permalink) Old 04-03-2013, 12:53 PM
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Its funny that a few company's that i was to do work for,but declined.Are mentioned there also.But i didnt see anything about Buczek Enterprises LLC
There was a line in the article about Buczek.
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post #5 of 47 (permalink) Old 04-03-2013, 01:22 PM
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Boy this is getting Posted everywhere...I also Posted....
Perhaps the one of the Mods can combine both posts?????
Thanks guys...

GOOD stuff though huh????

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post #6 of 47 (permalink) Old 04-03-2013, 02:03 PM
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There was a line in the article about Buczek.

LOL.I missed it
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post #7 of 47 (permalink) Old 04-03-2013, 03:10 PM
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This article makes it look like the people on the ground are the morons and the problem is background checks. Nothing about FNMA setting the standard for price reduction. Nothing about the middle men taking 65% of the dollars allocated for the assets. Nothing about the incentive on the ground being one of cutting corners and illegal practices.

I am actually pretty disappointed in this. No matter what, there will be one off situations where things go bad. My company has been sued, and we are extremely by the book. It hit a few things, but seemed all over the place and without a point.

I am glad there is some attention, but it lets these guys off way too easy, somehow blames the banks, and lumps in to the casual reader both the contractor on the ground, and the systemic problem with the nationwide servicers/crooks.

I'm disappointed.
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post #8 of 47 (permalink) Old 04-03-2013, 03:51 PM
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Originally Posted by warranpiece View Post
This article makes it look like the people on the ground are the morons and the problem is background checks. Nothing about FNMA setting the standard for price reduction. Nothing about the middle men taking 65% of the dollars allocated for the assets. Nothing about the incentive on the ground being one of cutting corners and illegal practices.

I am actually pretty disappointed in this. No matter what, there will be one off situations where things go bad. My company has been sued, and we are extremely by the book. It hit a few things, but seemed all over the place and without a point.

I am glad there is some attention, but it lets these guys off way too easy, somehow blames the banks, and lumps in to the casual reader both the contractor on the ground, and the systemic problem with the nationwide servicers/crooks.

I'm disappointed.
My thoughts exactly.

I’ve already told you more than I know.
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post #9 of 47 (permalink) Old 04-03-2013, 04:07 PM
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My understanding is that this is the first in a series of articles...However, I will if no body has objections, send your comments and how you have interpreted things to someone that has a line with Huff Post...
If you don't object to you comment being sent on hit the thanks thing and everyone I see there I'll send your comment on...

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post #10 of 47 (permalink) Old 04-03-2013, 05:56 PM
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Originally Posted by warranpiece View Post
This article makes it look like the people on the ground are the morons and the problem is background checks. Nothing about FNMA setting the standard for price reduction. Nothing about the middle men taking 65% of the dollars allocated for the assets. Nothing about the incentive on the ground being one of cutting corners and illegal practices.

I am actually pretty disappointed in this. No matter what, there will be one off situations where things go bad. My company has been sued, and we are extremely by the book. It hit a few things, but seemed all over the place and without a point.

I am glad there is some attention, but it lets these guys off way too easy, somehow blames the banks, and lumps in to the casual reader both the contractor on the ground, and the systemic problem with the nationwide servicers/crooks.

I'm disappointed.


You didn't finish reading. Plenty of info on contractor getting screwed. I'll quote the article:

"
“There can be two or three companies between you and the bank taking chunks of this money out for doing nothing but shuffling paperwork,” said Wayne Frazier, a general contractor in Maryland.
The trickle-down effect often means that banks and taxpayers aren’t getting much for each dollar spent.

The federal Department of Housing and Urban Development pays a maximum of $30 for an initial home inspection and $20 for each subsequent inspection, according to agency pricing sheets.
Angie Montgomery in Cincinnati said she earns $3 per inspection -- $4 if the job requires that she go inside a house. Out of that, she must pay for gas and car maintenance, along with liability insurance premiums. She must also contend, she said, with angry homeowners who see her as an agent of the same bank that they are fighting with to avoid foreclosure. She has been yelled at, bitten by dogs and once entered a home where the vindictive former owner had cut a hole in the floor, then covered it with a carpet, she said."


A Craigslist search for "property inspector" turned up dozens of ads looking for people to inspect homes for as little as $1 or $2 per job. For so little money, inspectors often don't bother to get out of their cars, let alone knock on doors, talk to neighbors or check to see if utilities are turned on, experienced contractors said.
The same market forces that have brought down pay for home inspections have bled into the other types of cleaning and repair work contractors commonly do.
Buczek Enterprises, a company in Derby, N.Y., advertises that it will pay $30 to mow grass up to a foot high, and on a lawn up to 10,000 square feet, or a little bit bigger than a baseball diamond. Rates that low may not even cover travel time and fuel costs, experienced contractors said.
Many contractors facing this pay squeeze said they have simply stopped accepting such jobs, concluding that the meager pay is not worth the risk or hassle.


With both oversight and pay at a minimum, the conditions are ripe for those willing to cut corners and commit fraud, industry veterans said.



Beth Meade, a former AMS employee hired in the fall of 2011, said almost all of her colleagues were temporary workers earning minimum wage and that they received little training."
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