Should HUD Create a Vendor Management Section? - REO Property Preservation Forum
 
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post #1 of 5 (permalink) Old 04-19-2013, 06:07 PM Thread Starter
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Should HUD Create a Vendor Management Section?

I think if HUD created their own MM zone, essentially doing what the regionals do and put the 20% discount in that we would all be pretty happy. Things would be much quicker and HUD could manage other properties as well and profit from it. Prices would level out and stabilize.

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post #2 of 5 (permalink) Old 04-19-2013, 06:14 PM
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that's a great idea but it will never happen. You need some serious capital and staff with knowledge of government contracts to make that work.

I think all regionals should be fired and only have a handfull of nationals, and then the nationals are only allowed to sub to the person completing the work only. This would fix some of the problems
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post #3 of 5 (permalink) Old 04-19-2013, 06:27 PM
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HUD isn't in the business of making money, quite the opposite.
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post #4 of 5 (permalink) Old 04-19-2013, 06:44 PM
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Quote:
Originally Posted by wmhlc View Post
that's a great idea but it will never happen. You need some serious capital and staff with knowledge of government contracts to make that work.

I think all regionals should be fired and only have a handfull of nationals, and then the nationals are only allowed to sub to the person completing the work only. This would fix some of the problems
With a bit more HUD OVERSIGHT. An annual audit to be sure the bids being given to the national is the same bid being turned in to HUD.
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post #5 of 5 (permalink) Old 04-19-2013, 07:05 PM
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you guys need to get on the foreclosurepedia mailing list this was an article and many follow ups for the last month or so...

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