Work load so far 2012 - REO Property Preservation Forum
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post #1 of 27 (permalink) Old 05-09-2012, 09:09 AM Thread Starter
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Work load so far 2012

My work load has fallen off like it was back in 2007, DEAD ! Whats yous like. ?? West coast here
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post #2 of 27 (permalink) Old 05-09-2012, 10:16 PM
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Originally Posted by Splinterpicker View Post
My work load has fallen off like it was back in 2007, DEAD ! Whats yous like. ?? West coast here
Just sent YTD's to the accountant last Friday for his .02 on tax stuff so far, +35% from 2011, and it doesnt seem to be slowing yet. . .

I, however, am thinking of droping the client that gives me 40%+ of my work, as they are only ~25% of my income. Seems like an easy decision, yet still, I am undecided.
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post #3 of 27 (permalink) Old 05-10-2012, 12:42 PM
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My competition has stubbed his toe. I think they canned him. We are picking up the slack, so right now, we're as busy as we can be.

Don't know if that will continue, but here's hoping.
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post #4 of 27 (permalink) Old 05-11-2012, 10:01 AM Thread Starter
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Glad to hear it. In my area it has always been a bit slow but this as stated is BAD. Luckily I had a sixth sense and started cutting costs last year and put more money away in a "rainy day " fund.
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post #5 of 27 (permalink) Old 05-11-2012, 10:20 AM
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Everybody needs a "sock" to put some money back. Our winters are horrible. Not the weather, the work load. It gets real slow. We do our share of winterizations, but for the money, they're very time consuming.
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post #6 of 27 (permalink) Old 05-25-2012, 05:59 PM
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Our work load is the slowest it's ever been ... last year this time we had so much work ... a whole new story this year.
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post #7 of 27 (permalink) Old 05-29-2012, 11:04 AM
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I've been reading some articles about the mortgage industry. They say the mortagage companies are in a glut with foreclosures. It appears the MC's are starting to slow down on foreclosures, working with the home owners a bit more before taking the houses. This could account for the slow down.

I read one article that said the MC's have about 3-4 years worth of foreclosures, that is, it will take them that long to process and resell the houses already in their inventory.

And one commen t I read - a massive new crop of foreclosures is about to hit the fan, held up over the past several months by litigation about bankers "robo-signing" foreclosure packages.

So, it just goes to show you...nobody knows.

Last edited by BamaPPC; 05-29-2012 at 11:10 AM. Reason: addition
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post #8 of 27 (permalink) Old 05-30-2012, 07:50 AM Thread Starter
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yes that is true I was told that the industry was going to be at a snails pace till 2015 by a Realtor that just came back from a conference in California. It changes day in day out. And in an election year who knows what to believe. All I KNOW is its definitely time for a change !! NO matter who is in office we CAN NOT have another 4 years of this !
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post #9 of 27 (permalink) Old 05-30-2012, 11:53 PM
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I've been in the biz since beg of 08'

every year has seem to get busier and busier. when 2012 hit it was insanely crazy. i was going through 90 locks every week and a half, non stop secures, cash for keys and trash outs. then the grass cut season starts in april and we get all these notices about how large the work load is and then is pours out and were struggling to keep up with the workload but still getting them all in. then...

for the past few weeks, nothing! well I've had a few trash out each week but no grass cuts like it should be for this season. I'm only working a few days a week, not enough is coming through to warrant a full week. my operation is myself, my main guy and another helper.

not sure whats going on right now.... where is all the work???


i work for a national in the sf bay area and they stated they haven't received anything in the pipeline (confirmed from a few other contractors with the same company that are dead slow also)
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post #10 of 27 (permalink) Old 05-31-2012, 10:27 AM
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What national(s) are you working for? Maybe sign up with others nationals. Been slow here too.
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