Will Banks ever approve a 40Acre Debris Removal? - REO Property Preservation Forum
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post #1 of 39 (permalink) Old 04-11-2013, 09:18 PM Thread Starter
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Will Banks ever approve a 40Acre Debris Removal?

I have a few 40cy / 70 cy bids but just looked up a property I did a bid on and it is not the 3 acres I bid on but actually 40 acres of rural dumping lands. Probably 200cubes. Would they ever approve that? The house isn't worth anything imo but the land is.

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post #2 of 39 (permalink) Old 04-11-2013, 10:50 PM
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I have seen bid approvals for 250+ CYDs .... I have a love-hate relationship with rural properties
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post #3 of 39 (permalink) Old 04-12-2013, 12:07 AM
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I have a few 40cy / 70 cy bids but just looked up a property I did a bid on and it is not the 3 acres I bid on but actually 40 acres of rural dumping lands. Probably 200cubes. Would they ever approve that? The house isn't worth anything imo but the land is.
Cover your azz on that. It is my personal experience that the larger the CYD becomes, the more likely there is for invoice adjustments. When you're over 200 CYD, what's a 20 CYD adjustment right? I told an ex client that I'd never do a trashout over 60 CYD because I couldn't afford a 40 CYD invoice adjustment 60 days down the road.

The one rural property I had like that, I had an excavation company give me a bid. I took their bid, NO CYD listed, just complete job and marked up and turned it in. Went round and round "we need a CYD amount". I said bullchit, turn it into HUD as an over allowable and get it approved. I would have lost my azz because I new damn well they were going to dock the invoice long after I paid my excavator. I did end up turning in a lien waiver and a receipt showing paid in full but i whited out the amount that I paid.



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post #4 of 39 (permalink) Old 04-12-2013, 03:19 AM
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I personally did a 350 yarder 2 weeks before my wedding in 2010. Never got docked a dime and knock it out with a skid steer with a grapple bucket. It was quite fun for the first day.... But by the 2nd I was whooped
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post #5 of 39 (permalink) Old 04-12-2013, 04:48 AM
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I would not do anything for a national over 50 cyds without preapproval in writing. We were getting the recount nonsense 3-4 years ago when the industry was still in high gear. Rural trashouts almost are always loaded with tires, paint, plenty of hazards. Local jobs, never a problem.
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post #6 of 39 (permalink) Old 04-12-2013, 06:03 AM
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I get bids from a local demolition company for jobs like that. They roll in a crew with skid steers, front end loaders, dump trucks, whatever they need. They have it all and they are used to dealing with large volumes of debris on short time tables.

I add my percentage on top and some to cover what I know they will try and cut me before we agree on a price and that is my bid. No CY count, just a price.
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post #7 of 39 (permalink) Old 04-12-2013, 11:02 AM
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I did a 400 yarder a year ago on 1 acres. Bid it through the national and gave the same bid to the broker as Fannie wanted 2 bids. Got the approval through the broker.....
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post #8 of 39 (permalink) Old 04-12-2013, 01:48 PM
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I Agree with BRAD and MTMTman. The two things to do are get a solid approval in writing, and maintain contact with the broker. Offer them a bid. That has worked for us as well. The brokers don't (or rarely) tack on more for themslves, so your bid through them is already going to be 20%- 30% lower from the perspective of the client.
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post #9 of 39 (permalink) Old 04-12-2013, 04:18 PM
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When in doubt...ALWAYS get it in writing....

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post #10 of 39 (permalink) Old 04-12-2013, 05:03 PM
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When in doubt...ALWAYS get it in writing....
Hey Clean-I'll go ya one better, GET IT IN WRITING. PERIOD!
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