Work order slowdown??? - REO Property Preservation Forum
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post #1 of 11 (permalink) Old 03-22-2015, 06:10 PM Thread Starter
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Work order slowdown???

We are in indiana and last summer it was crazy busy. We are an altisource vendor and i know the whole story with them. We also do pre-foreclosure work and its been really slow. We've been in this business for 1 year. Is this unusual for this time of year because im having to seriously consider getting back into the private sector. Any thoughts are much appreciated!!!
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post #2 of 11 (permalink) Old 03-22-2015, 06:57 PM
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I was super slow this time last year, but the opposite has been true for me this year. I have had a ton of bid approvals come through lately that I used to never get. Grass cuts are nonexistent though and I bought a third grass cut set up that may go to waste unless I take a few REO zones from SG or something.
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post #3 of 11 (permalink) Old 03-22-2015, 07:53 PM
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It is generally slow during winter, but u know the story with your client so that may be a factor also. I have been a bit slow also, but still steady
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post #4 of 11 (permalink) Old 03-26-2015, 01:04 AM
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Slow Here Too

in Central Florida .... at least compared to this time last year. Not dead but about half of what I'd like to see.
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post #5 of 11 (permalink) Old 03-26-2015, 06:26 AM
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Times are changing, the housing industry has stabilized, less foreclosures, etc. http://www.housingwire.com/articles/...servicing-jobs
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post #6 of 11 (permalink) Old 03-26-2015, 10:55 AM
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Originally Posted by JDRM View Post
Times are changing, the housing industry has stabilized, less foreclosures, etc. http://www.housingwire.com/articles/...servicing-jobs
It's just Milwaukee though, but they all probably be cutting due to end of the programs that were out there and were forcing them to refinance and help struggling home owners. All banks purchased back bubble portfolio, I Am really concerned about outcome in long terms as market is far away from being healthy. But since Banks no longer forced to buy bad loans, they will cut expenses in areas where they can, such as loan servicing. When I talk to my bankers neither one of them states in the past two years that economy is blooming and housing market specifically. But hey, if it will turn around and really improves, I will be all excited
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post #7 of 11 (permalink) Old 03-27-2015, 12:25 AM
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Times are changing, the housing industry has stabilized, less foreclosures, etc. http://www.housingwire.com/articles/...servicing-jobs
Not so fast..........

http://www.housingwire.com/blogs/1-r...t-even-shakier
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post #8 of 11 (permalink) Old 03-28-2015, 12:18 PM
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This line of work comes in waves. For me, I will go for weeks struggling to keep my guys and myself busy, then overnight a bunch of work orders will come in. All of a sudden we are working 7days a week 16hrs a day trying to keep on top of it all. I have learned that a slowdown can be a good thing. It can be a chance to catch up on equipment maintenance, book keeping, paperwork, etc.
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post #9 of 11 (permalink) Old 03-28-2015, 04:52 PM
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The flood gates have been opened, we got nailed yesterday. 40 w.o 's
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post #10 of 11 (permalink) Old 03-30-2015, 09:36 PM
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Hi

gates must still be locked where im at nothing in 10 days
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