Not being paid.. What is the proper steps to take... - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 17 (permalink) Old 02-03-2012, 03:42 PM
AffordablePS
Guest
 
Posts: n/a
Not being paid.. What is the proper steps to take...

We did a tarp and removed a section of mildewed drywall from a FreedieMac property via a broker who sent the invoice to FM. It has been two months and no pay...Is it time to do the Lien or would this not work for this case? The house has not been sold as of yet...The amount owed to me is $600..

Advice please?
Sponsored Links
Advertisement
 
post #2 of 17 (permalink) Old 02-03-2012, 04:02 PM
Senior Member
 
Join Date: Apr 2012
Posts: 694
Thanks: 42
Thanked 129 Times in 74 Posts
First thing I would do is see if agent has a "boss", if so I would contact them first. The brokerage house may put pressure on agent. Big question is whether our not agent received reimbursement. I have had agents receive money and just not pay me, and some just not submit my invoice and photos. If other options exhausted then lien. In Iowa we have 90 day window after job is complete to lien. Another thing I did was find out whom the asset management company was and contact them directly.
SwiftRes is offline  
post #3 of 17 (permalink) Old 02-03-2012, 04:03 PM
Framer53
Guest
 
Posts: n/a
Lien them
Sponsored Links
Advertisement
 
post #4 of 17 (permalink) Old 02-03-2012, 04:10 PM
Member
 
Join Date: May 2012
Posts: 71
Thanks: 0
Thanked 0 Times in 0 Posts
The Broker told me he has sent several emails to FM about the invoice. I am thinking he pocketed the money. Do I call FM direct and give them the invoice number first and till them they have x days to pay or lien is going on property?
Prestigious Property is offline  
post #5 of 17 (permalink) Old 02-03-2012, 04:31 PM
Senior Member
 
Join Date: Apr 2012
Posts: 694
Thanks: 42
Thanked 129 Times in 74 Posts
Tell the agent that you're going to lien the property now. In the meantime see if you can find out if agent got paid, if you can't find out in a few days, lien it.
SwiftRes is offline  
post #6 of 17 (permalink) Old 02-03-2012, 05:12 PM
Senior Member
 
Join Date: Sep 2012
Posts: 588
Thanks: 192
Thanked 255 Times in 114 Posts
I would tell the agent that you need to be paid within 3 days or the property is being liened.
The last job that I wasn't paid for, I told them I was liening the property. The "person" I dealt with actually had the nerve to tell me "you can't lien a property because it is in the agreement". My response was, well my getting paid was in the agreement too and you violated it, have a nice day. Check was received a week later.
brm1109 is offline  
post #7 of 17 (permalink) Old 02-03-2012, 05:52 PM
72opp
Guest
 
Posts: n/a
For those of you who have liened a property before, how many jobs did that person send to you after liening? Always something to consider.
post #8 of 17 (permalink) Old 02-03-2012, 05:54 PM
Senior Member
 
Join Date: Apr 2012
Posts: 694
Thanks: 42
Thanked 129 Times in 74 Posts
Agreed. If the agent is really telling the truth and you lien the property it may reflect poorly on agent.
SwiftRes is offline  
post #9 of 17 (permalink) Old 02-03-2012, 06:33 PM
Chris Johnson
Guest
 
Posts: n/a
Quote:
Originally Posted by 72opp
For those of you who have liened a property before, how many jobs did that person send to you after liening? Always something to consider.
None and I don't the want the guys work anyways, if he can't get his finances in order now good chance he has been a screw up before and will continue to be in the future, as a matter of fact when he hired you he was replacing someone probably because he didn't pay them and will now replace you with someone he will not pay at some point either
post #10 of 17 (permalink) Old 02-03-2012, 07:32 PM
72opp
Guest
 
Posts: n/a
Quote:
Originally Posted by Chris Johnson
None and I don't the want the guys work anyways, if he can't get his finances in order now good chance he has been a screw up before and will continue to be in the future, as a matter of fact when he hired you he was replacing someone probably because he didn't pay them and will now replace you with someone he will not pay at some point either
This line of thinking may be good if you are in the construction trade but property preservation is a different animal. Think of it like the difference between snooker and pool. You use balls, a table, and ques to play, but the rules are different.

If the OP is working direct with Real Estate agents (which is really hard to find/retain) and he liens the property prematurely, he will in effect end any future business with this Real Estate agent. That alone, given the nuances of the PP world, can kill his business just as fast as not getting paid.

My intent in posting my question was to influence the OP to pursue other avenues of collection of his fee's other than liens. Liens are a last resort in this business and they can get you blacklisted with other companies.
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the REO Property Preservation Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome