AMS Leaving New Jersey? - REO Property Preservation Forum
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post #1 of 15 (permalink) Old 08-11-2014, 08:13 PM Thread Starter
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AMS Leaving New Jersey?

I've heard AMS is high tailing it out of NJ. There site shows they are no longer taking applications in NJ for any work. Is this true? What POS company will take its place?
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post #2 of 15 (permalink) Old 08-12-2014, 07:21 AM
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Rumor is SG.... They left Michigan also
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post #3 of 15 (permalink) Old 08-12-2014, 08:26 AM
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I don't believe NJ is one of the states they lost.

I would suspect, since they are losing PA, they moved their high volume Southeast PA subs to NJ, where they had been having problems getting subs all year. Purely speculation on my part, but all the pieces fit. Information about the new FNMA awards has been pretty tight, ay least my searching has not turned up any up to date awards announcement. I'm sure some of the more connected people on here would know where to look.
If it were me, I wouldn't want the details of the contract out for all my current subs to see. It could create a fire sale mentality. The only thing I know for certain is, the new guy, whomever it is, did not get the contract because they bid higher. I think it's a given, pricing will suffer.
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post #4 of 15 (permalink) Old 08-12-2014, 12:05 PM
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I would assume. AMS could not get any more vendors at the ridiculious prices they were offering
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post #5 of 15 (permalink) Old 08-19-2014, 06:49 PM Thread Starter
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AMS is Out of NJ

Was informed , through back channels, today that AMS is leaving NJ. They are not telling anyone. All initials have or will stop and all routine/periodic work will stop on September 12. See YA!
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post #6 of 15 (permalink) Old 08-19-2014, 10:13 PM
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Makes me wonder if PA is on the same timetable.

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Originally Posted by SJPI View Post
Was informed , through back channels, today that AMS is leaving NJ. They are not telling anyone. All initials have or will stop and all routine/periodic work will stop on September 12. See YA!
It would be nice to get some notice. it's hard to commit to other clients. Anyone in PA or NJ have any work orders issued for beyond 9/12?
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post #7 of 15 (permalink) Old 08-20-2014, 02:49 AM
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i had to threaten to lean house to get paid from them there ridiculous
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post #8 of 15 (permalink) Old 08-22-2014, 08:10 PM
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I see tims post on craigslist for ams everyday.They can't get anyone else to do the work for the wadges.
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post #9 of 15 (permalink) Old 08-22-2014, 10:56 PM
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Well, if you got a kick out of AMS pricing.

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I see tims post on craigslist for ams everyday.They can't get anyone else to do the work for the wadges.
You're gonna love Safeguards new flat rate for Fannie. Then factor in the extra requirements. It's gonna be a circus.
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post #10 of 15 (permalink) Old 08-23-2014, 12:44 AM
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Originally Posted by Ohnojim View Post
It would be nice to get some notice. it's hard to commit to other clients. Anyone in PA or NJ have any work orders issued for beyond 9/12?
September 12 sounds like a notice to me...oh you mean from AMS?????
That's a big QUACK!!!!!

The folks that lleft and started 24 Assero and 24 Asset or something like that committed fraud and other crimes...that AMS is liable for...the reason MCS and AMS merged is so MCS could absorb their state licensing across the country....

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