Join Date: Apr 2013
Thanked 78 Times in 44 Posts
So what will happen in the aftermath?
So, has anyone considered what would happen IF Safeguard was put out of business, along with every other national out there? How would the void be filled? By the banks contracting directly to the mom and pop contractors doing the work? I don't think so. If Safeguard fails, MCS fails, FAS fails, you WILL throw this industry into complete collapse. But, none of the nationals will fail. Safeguard performs all needed preservation work for EVERY SINGLE ONE of the top five banks in the industry. Safeguard submits all work not only to their clients, but to HUD, Fannie, Freddie, USDA, and VA as well. Safeguard is the middle man because the banks don't have to worry about spending BILLIONS on a contractor network. I don't think anyone here, the NPPG, or anyone with an ax to grind has thought about this. BILLIONS are at stake here, and I guarantee you, Safeguard will come out ahead of this. Will there be more regulation? Yes. But they will still come out ahead.
Safeguard isn't the problem, per se. They don't kick down the doors them selves. Its the lazy order mills they sub to that are the problem. It's horrible contractors on the ground working for these lazy people. Its subbing to the craigslist crackhead that is the problem. Period. We have worked for Safeguard for 10 years, and not once have we been penalized for calling a property occupied. Have we been charged back? Yes. Is it enough for us to be concerned about? No. Do we get reopens? Yes. Does it concern us? No. We get jobs done. Pure and simple. And we do it in volume, and make more than enough to not worry about a $45 chargeback.
Before all of you pull out the stakes and pitchforks, you need to think about the consequences of your actions. The only way to beat Safeguard is to offer a solution that is better than what they have. Do any of you have a better solution to meet all of Safeguards' clients needs? That is the real question.