Integrity REO Solutions out of Texas - REO Property Preservation Forum
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post #1 of 21 (permalink) Old 03-29-2012, 07:45 AM
danny1217
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Integrity REO Solutions out of Texas

Any experiences?
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post #2 of 21 (permalink) Old 03-30-2012, 08:20 PM
newenglandprop
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I see your from CT, do yourself a favor and watch out for companies cold calling you on rehab and lord knows what else they claim to be extremely important, yada yada, also ignore any Craigslist add claiming riches etc-always plug a business name into google and see what comes up-the thieves tend to be prominently displayed
post #3 of 21 (permalink) Old 04-01-2012, 06:14 PM
integrityreo
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I completely agree, and I own Integrity REO Solutions
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post #4 of 21 (permalink) Old 06-02-2012, 02:45 PM
idrivalti
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Beware of Integrity REO Solutions. You may get paid, but I have done work for Doug Williams and while I was paid for many work orders, a portion of the work I did has yet to be paid, and it's a year later. I have even made offers to settle with him for 50% of what he owes me, and still have received no response to my reaching out to him. My advice: If you want to work in this business, work directly for a realtor or a national field service company such as MCS or LPS. Do not work for regional contractors such as Integrity REO Solutions. You will get burned.
post #5 of 21 (permalink) Old 06-02-2012, 02:49 PM
integrityreo
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Good Advice.

That's good advice -- working directly for the source. It is difficult to get on the vendor list for LPS directly: they like to keep their contractors to a minimum. I also recommend Field Asset Services and Altisource.
post #6 of 21 (permalink) Old 06-02-2012, 03:11 PM
idrivalti
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Doug's reply to my concerns with his company, and numerous companies like it illustrates the lack of care about paying their bills. Notice something missing in his glossy reply: there's nothing about thousands of dollars he neglected to pay me for dozens of work orders where I spent thousands of my own money and time earning. This doesn't happen when you're dealing with larger companies with legitimate accounting departments or realtors who have a reputation to uphold and a license to maintain.
post #7 of 21 (permalink) Old 06-02-2012, 03:41 PM
integrityreo
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Dennis Kirkpatrick has a strong reputation, and the whole time he worked with me I wad able to effectively service what I mistakenly thought were good clients. It's unfortunate for both of us that we put a great deal of effort and hard work into building rapport with people who were crooks. I have countless invoices that have not been paid despite good results.

I don't male it a secret that I cannot pay when I do not get paid. I am wiser now with vendors and we have this discussion up front. When I first started, however, I did whatever it took to keep from drawing unemployment I started with no capital, just experience.

Now, I have a pretty good system in East TX and in sOme other states.

Dennis, I'd love for you to help me handle the enormous amount of work available from FAS in East TX. But, I gather you would not be interested. I respect you and your business.
post #8 of 21 (permalink) Old 06-02-2012, 04:05 PM
FremontREO
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Idrivalti,

Sorry to hear about your experience. I don't have a "dog in this fight" but I do have an OPINION!

This is exactly the problem with the P&P "industry". People who NEVER should have attempted to start a business off the backs of others. When most business owners start their endeavors they have a reserve fund (savings) to pay for the labor and/or expenses associated with the business. It sounds to me that someone started a business and won't pay YOU (probably others) for the poor business decisions HE made (poor clients).

We went through this 1 time (yes only ONCE). We contacted the State Atty Generals Fraud Division who went after the company. The said company had to take out loans to pay us and others who had not been paid. They didn't last 3 months after we were paid.... Poor business plan didn't include paying the contractors who did the work.

NOW if your work orders that were completed were Federally Backed loans (FHA, HUD, Fannie, Freddie etc etc) there is also Federal Charges that the Atty General will suggest. In our case the Atty General contacted the SEC, the Federal Trade Commision and the US Postmaster Generals Office.

It really got messy till EVERYONE was paid and there are still charges pending on the Company Owner....Not settled yet after 4 years as far as I know.

Good Luck.
post #9 of 21 (permalink) Old 06-02-2012, 04:25 PM
idrivalti
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Doug, thanks for validating me and my opinion of your business model. If I wanted FAS work, I would go sign up with them and make 20-25% more money. And then I would actually get paid 30 days after the work was turned in. lol

Fremont, I'm glad you got your money. Unfortunately, guys like me are out doing the work ourselves. I simply don't have the time to go chasing money. It'll cost me far more time and money to pursue Doug in court or other means, than I will ever gain in a worthless judgement- that I would surely win. I can simply point out this company and others for what they are, and hope that others don't fall prey. Like I said before, if you want to do work in this business, do not do it unless you can afford the credentials/proper insurance that the legit. companies require. Otherwise, you will lose far more than what those credentials cost you ($3000 or so per year) working for yahoos.
post #10 of 21 (permalink) Old 06-02-2012, 04:30 PM
FremontREO
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Idrivalti,

I know your concern on expense and time BUT the ATTY General costs you nothing...well at least in my State. I would check.

Expense is Expense and Profit is Profit....don't let either go to waste is my motto!
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