Fannie Mae???? - REO Property Preservation Forum
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post #1 of 19 (permalink) Old 11-25-2013, 05:39 PM Thread Starter
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Fannie Mae????

Do any of you have work directly for Fannie Mae???? I am filling out an application? They got to be better than all of the national companies????
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post #2 of 19 (permalink) Old 11-25-2013, 09:59 PM
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Let me know how it works. If it works. Here in Wisconsin, Cyprexx has the contract for the entire state and has convinced FNMA that they can get the properties serviced for a crappy flat rate.



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post #3 of 19 (permalink) Old 11-25-2013, 10:31 PM Thread Starter
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I will.. I just filled out the app. Didn't get yet. Has any small company ever got them? I don't think I should hold my breath, going up against these big comany it's not going to be easy. I can't take all these national company screwing every one.
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post #4 of 19 (permalink) Old 11-25-2013, 10:33 PM
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Originally Posted by BRADSConst View Post
Let me know how it works. If it works. Here in Wisconsin, Cyprexx has the contract for the entire state and has convinced FNMA that they can get the properties serviced for a crappy flat rate.
Same here in Kentucky! crappy flat rate
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post #5 of 19 (permalink) Old 11-25-2013, 10:44 PM
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I work direct for Fannie and all is well. FNMA doesnt do P&P direct unless your a big National. We are a SAMS vendor and an approved/certified mold remediator. SAMS work generally is low pay since they "dont want good work" but cheap work... I love seeing those countertops with a 2" drop in 12'.
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post #6 of 19 (permalink) Old 11-25-2013, 10:52 PM
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I work direct for Fannie and all is well. FNMA doesnt do P&P direct unless your a big National. We are a SAMS vendor and an approved/certified mold remediator. SAMS work generally is low pay since they "dont want good work" but cheap work... I love seeing those countertops with a 2" drop in 12'.
how would a person become a SAMS Vendor for them?
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post #7 of 19 (permalink) Old 11-25-2013, 11:09 PM
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how would a person become a SAMS Vendor for them?
First thing anyone needs to do is lower their standards, and drop their expectations.

Iíve already told you more than I know.

Last edited by PropPresPro; 11-25-2013 at 11:23 PM.
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post #8 of 19 (permalink) Old 11-26-2013, 09:42 AM
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3rd would be to accept such low pay on the jobs that you can only afford to sleep nights out of town in the houses you are working on.

No running water, no heat, no electric, no shower, no working bathroom.

Don't believe me??? There are members on this site that have witnessed SAMS vendors doing this. MORE THAN ONCE.

Professionals are people who can do their job when they don't feel like it.
Amateurs are people that can't do their job even when they do feel like it.
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post #9 of 19 (permalink) Old 11-26-2013, 10:51 AM
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Sadly with your situation it will never happen.

FM is not looking to hire locals to cover a few zips, they want a COMPANY to handle the entire state. Top to bottom and everything in between! There is a reason the Nats charge you 4-15% for early pay, they are waiting 90-120 days for payment and most likely on 7 digit $$ figure amounts

You already said you were broke and waiting on AMS's paycheck, some how I doubt you could carry a state

$$ amounts for work are going down monthly, both for the national and that trickles down to the sucker doing the actual work.

Get out before they drag you to bankruptcy, divorce, alcoholism or suicide!

We only do routines, monthly cleaning and periodic lawn care ONLY... NEVER AN INITIAL! After 3 years my BP is stage 2 hypertension; I don't eat or sleep, my lady hates me and that is just how it effects my body and life... Now the hit the wallet takes... WELL after insurance, labor fees, taxes, supplies and keeping my equipment running I am lucky to average $10.00 a hour. 12 hour days in the field, 4 more at the PC every night

Find a better place for your skills to be used; either at a job or move to commercial/residential stuff if you want to be your boss... In the end it will be less hours, less stress and hopefully more money, more sleep and over all better body and mind health

Knowing we are shuttering our doors Nov 30th... AMS has still not re-assigned a single property. I have a feeling we will forfeit our Nov invoice, but knowing it is almost over is like having a 300lb monkey off my back!



Good luck!
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post #10 of 19 (permalink) Old 11-26-2013, 10:56 AM Thread Starter
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Not sure what to do...I have been looking for a job but have not had any luck.
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