??? 3 Point Asset Mgmt. - REO Property Preservation Forum
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post #1 of 22 (permalink) Old 01-23-2012, 06:36 PM Thread Starter
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??? 3 Point Asset Mgmt.

Has any P&P and REO-contractors ever done any business with 3 Points. I been contacted to do some Intital Services for them an just trying to get the skinny on them.
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post #2 of 22 (permalink) Old 01-23-2012, 08:57 PM
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3 Point lender services?

I'm sure they are all hot to trot to get your insurance info.
Additional insured and all. They demand that you pay for a back ground check and then you get NO WORK at all from them. For over 2 years.
You are left holding the bag on the back ground check too.

It came back very clean I might add. That wasn't the problem.
Make em pay for the back ground check and take it off the first settlement.
You'll see how serious they are about needing a vendor in your area.
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post #3 of 22 (permalink) Old 01-24-2012, 09:17 AM
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I have not had a good experience with them.
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post #4 of 22 (permalink) Old 01-24-2012, 10:46 AM
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I only did a couple jobs last year and received payment. I just did another earlier this month so I have to wait to see if the payment is on time.
Not sure about the background check. I was never asked to pay for one.
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post #5 of 22 (permalink) Old 01-25-2012, 07:49 PM
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This was in my mailbox from December of 2010. Not sure if anything has changed but we turned them down, based on the $8 inspection rates.

"Hello ALL REO , (US)

I have found your company online and what I am searching for is a company that does property preservation. We are in need of vendors who can do internal & external trash outs, winterization, grass cuts, snow removal and drive by external inspections.

Does your company do any of these task?

Are you willing to do external inspection for $8? If you are not interested in doing external inspections, then please still sign up for property preservation. We will sometimes ask you for some help, to get an inspection done, if its in your coverage area and its close to your office. Please answer to the drive by inspections. “ Yes I am willing to do inspections for $8 per inspection” or “ No I am not interested in doing drive by inspections at this time.”

Please send me you coverage area with names of counties you cover in your state. If you cover the whole state, then please let us know too.

When you send in your coverage areas, I will then send you on over to the Vendor Management Team. From there, you will get a call from Debby Slabaugh. She will then ask you for your Liability Insurance, W9, and then she will be performing a background check. You will need these to become a part of the team.

Once all the paperwork is turned in and you are entered in the system, you will then be scheduled a training session, with Nyree Preston. She will train you on our system, Crew Cast. It will be approximately 30-45 minutes. She will teach you everything you need to know about Crew Cast.

Congradulations on joining our team. We look forward to working with you.


Jay J Thananant
QC Analyst
Direct Line 214-504-2794
[email protected]


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post #6 of 22 (permalink) Old 08-06-2012, 02:57 PM
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Originally Posted by JenkinsHB
I have not had a good experience with them.
they just contacted me as well. I told them I couldnt do any of their work for their prices and they said they would negotiate with me. please let me know more about your bad experiences. you can PM me. they have agreed to the pricing I need to complete their work.
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post #7 of 22 (permalink) Old 08-06-2012, 03:38 PM
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They contacted me as well. But the email came through like I was already in their system but missing some paperwork. Haven't filled out their packet yet.
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post #8 of 22 (permalink) Old 08-06-2012, 05:26 PM
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I signed up and did a couple of jobs in 2011 for them at the time they were slow but they paid. This year, I did a job and out of no where after 35 days when I called to check on the payment I was told they pay 60 days out.
Well that was it but then to make it worse I didn't get paid until about the 75th day. Told them to take me out of their system.
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post #9 of 22 (permalink) Old 08-06-2012, 06:12 PM
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I got a "Response" to a flooring ad we had placed:

Almost verbatim to the one that Linda received- complete with the Typos'

(It is Congratulations- not "Congradulations".:whistling)

I sent them this back-


Since you are ordering 100,000 sft of Srilankan Ebony Flooring at $165.00 a square foot- I would like to thank you personally for the business.

This is a bulk shipment and I am not quoting installation. Our preferred Freight contractor is FederalExpress- I shall have them pick your order up by Semi- and shipping will be COD.

Also- we require prepayment on this order due to the size. Your total is $20,540,437.50 USD with fees and taxes included. These funds will have to be electronically deposited by your financial institution into our Escrow account prior to shipment.

Please remit as soon as possible- so that we may prep your shipment for transfer.

That didn't make sense?


Yeah- I wasted 2 minutes- but damn; it felt good!
post #10 of 22 (permalink) Old 08-06-2012, 08:31 PM
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We do a little work for them here and there. The usually want us to do $8 drive by occ checks. We always get $22 to $25 and do them as additional work in an area. We have done a few initial services for them and they pay OK it they put you on the book for like 90 days of recurring cuts. We just do them whenever we feel like it cause they already paid lol. Aside of that they are decent ppl on the phone to deal with

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