Laudan Properties - REO Property Preservation Forum
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post #1 of 78 (permalink) Old 02-02-2012, 04:18 PM
d+jhomeservices
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Laudan Properties

Looking for feedback on this company based out of twinsburg ,ohio
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post #2 of 78 (permalink) Old 02-02-2012, 05:00 PM
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They have bothered me almost as much as LAMCO. I pass every time. From what I understood during our weekly emails is that they are middle men to middle men.
post #3 of 78 (permalink) Old 02-02-2012, 05:17 PM
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thats not saying much about em then if u compare em to lamco,lol thanks for heads up
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post #4 of 78 (permalink) Old 02-02-2012, 06:51 PM
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Their prices are insane.
post #5 of 78 (permalink) Old 02-02-2012, 07:39 PM
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They are getting their work from Ocwen.

Ocwen is already cheap and then they take a cut........ don't leave even expenses for the contractor.
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post #6 of 78 (permalink) Old 02-02-2012, 08:39 PM
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Ocwen has a reputation in the REO world for not paying their agents much less their REO vendors. Whenever you call them you're talking to someone in another continent ... like India.
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post #7 of 78 (permalink) Old 02-02-2012, 09:13 PM
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hi

i really would go broke at those prices thank goodness for this forum thanks guys,looks like another no go
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post #8 of 78 (permalink) Old 02-02-2012, 09:35 PM
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Quote:
Originally Posted by reoguys
Ocwen has a reputation in the REO world for not paying their agents much less their REO vendors. Whenever you call them you're talking to someone in another continent ... like India.






That wasn't my experience with them as a direct vendor.
Some times they were slow in paying, but I always got paid.

Unlike a whole bunch of other service companies.
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post #9 of 78 (permalink) Old 02-03-2012, 01:34 AM
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Yes, a little longer to get paid than a lot of others, but the numbers on their checks always match the numbers on our invoices.
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post #10 of 78 (permalink) Old 02-03-2012, 10:04 AM
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Hi All -I agree - I appreciate this forum as well. It's helped us get feedback on clients and field contractors and helped us stay away from the 'bad ones' a few times!

As one of the Founders and current COO of Laudan Properties let me provide some additional information about our company -

-We've been in business for 4 years and a member of NAMFS and BBB-Accredited Program
-We have both Bank direct and mortgage service clients - most of which are listed on our webpage (need to add a few new direct ones we signed up in the last few weeks)
-Unlike some others we DO NOT CHARGE our field agents for signing up with us [Lamco does]
-We typically receive and issue approx 9,000-11,000 orders a month across the midwest and south-eastern US
-Our payment terms are defined on our website and we pride ourselves on sticking to them because we know the industry is full of people that don't...

Adam Gee - our Vendor Manager or I will provide references if anyone would like to speak with others that work for us - many of which have been with us from the beginning.

Thanks again for being open to additional information.

If you'd like to contact me directly, please feel free -

Nico Cottone
Chief Operating Officer
Laudan Properties, LLC.
1750 Highland Rd, suite 3
Twinsburg OH 44087
Office- 866-512-6984
Cell - 216-701-4204

www.laudanproperties.com
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