Originally Posted by Beverly S
I am taking notes and I am hoping to form a panel of M & M'[s, HUD, and some bank representatives, to present these issues and hopefully address them one by one.
I have two owners of M & Ms on board so far and possibly a HUD Director. so far.
Beverly, with all due respect, you are talking about forming a panel that would be seated by the creators of this mess. This is a nationwide problem that is not created by the worker bees in the offices (although it is taught). This is a culture that was started from the top down and it is spelled g r e e d.
The current administration, Banks, HUD, Fannie, Freddie, Safeguard, FAS, etc.
Underbid to get a large contract. Pay less than going rate to complete work. Implement a business model that shorts or chargesback invoices to recoup capitol. Using inexperienced labor to complete work when the qualified contractors cannot continue.
Boiler room deals with cronie insurance companies that cripple the business owner and enable the big boys to escape corporate liability. Creating unreasonable and suffocating requirements and time frames for completing and submitting work orders.
The National Bank Leaders are not interested in creating a plan that benefits anyone but themselves. That is why so many companies participating in this forum are leaving or going only with the locals for work on these properties.
Believing that these are only issues would be a mistake. Again, it is a culture