Why is the heat off? - REO Property Preservation Forum
 
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post #1 of 5 (permalink) Old 03-02-2014, 08:21 PM Thread Starter
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Why is the heat off?

I never could figure out.. And not that I'm complaining.. I love getting paid to remediate mold.. But why doesn't the bank pay the little bit of $ to keep the heat on to avoid freeze damage and mold?... Most properties are doctored up .. By us of course... But I wouldn't want to live there ew. Any thoughts?
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post #2 of 5 (permalink) Old 03-02-2014, 09:31 PM
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Because it wouldn't be a little bit. People leaving lights and heat cranked up, more employees for a utility department, deposits and past due balances, it all adds up. And heat isn't going to solve a water leak from a damaged roof or a leaking pipe..
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post #3 of 5 (permalink) Old 03-02-2014, 09:50 PM
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My question is even though we are in a heat activated state per HUD, NONE of them have utils on. How are they getting away with this?
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post #4 of 5 (permalink) Old 03-02-2014, 10:10 PM Thread Starter
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In ohio nobody has heat on.. We work for all sorts of companies. I figured if I was a consultant it would cut costs to have utilities at the min.. Perhaps not solving roof issues.. But maybe thy profit by operating that side as a loss and paying us.. ? Idk..
Glad to have work. It seemed so strange. Btw this is the first forum I've joined re:work. So I sound new.. But I'm not. Just don't know why certain things are the way they are
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post #5 of 5 (permalink) Old 03-03-2014, 01:52 PM
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a better option would be to fast track these properties through the system and get them into the hands of private investors or mortgagers.

They sit far too long.
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