PAS is going down the same path as FAS - REO Property Preservation Forum
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post #1 of 27 (permalink) Old 08-06-2012, 11:13 PM Thread Starter
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PAS is going down the same path as FAS

I have had approved invoices not getting paid on yard cuts then do a dewint. 12 days check is hand. When the Realtor looks on the portal these clowns say PAID on all invoices.

UNBELIEVABLE

Anyone else having a similar experience with them ??
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post #2 of 27 (permalink) Old 08-07-2012, 06:10 AM
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Who is PAS?
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post #3 of 27 (permalink) Old 08-07-2012, 08:17 AM Thread Starter
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post #4 of 27 (permalink) Old 08-07-2012, 10:57 PM
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Yuppers. The realtor for us is saying they don't show paid and just keeps resubmitting duplicate every week. We got 2 checks this week but are still 90 out on some. Our Realtor said they are going thru internal changes again. Taking properties and reassigning them saying they are to "far" from their office.
post #5 of 27 (permalink) Old 08-08-2012, 02:29 PM
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Not having that problem with them "yet". Receiving check in the mail in 10 days-2weeks, although it used to be 7-10 days. Grass cuts/re-cuts, re-hab work, misc repairs. I heard they cut out 50-60% of the Brokers giving all the properties to the remaing 40+% and making some internal changes which has slowed things down as far as payments. One of the Brokers I work with complained and found out some of the "newbies" handling approvals for payment have been dropping the ball.
All in all, THE BEST CLIENT I'VE WORKED WITH IN THE LAST 2 YEARS
post #6 of 27 (permalink) Old 08-08-2012, 05:41 PM
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Quote:
Originally Posted by danny1217
Not having that problem with them "yet". Receiving check in the mail in 10 days-2weeks, although it used to be 7-10 days. Grass cuts/re-cuts, re-hab work, misc repairs. I heard they cut out 50-60% of the Brokers giving all the properties to the remaing 40+% and making some internal changes which has slowed things down as far as payments. One of the Brokers I work with complained and found out some of the "newbies" handling approvals for payment have been dropping the ball.
All in all, THE BEST CLIENT I'VE WORKED WITH IN THE LAST 2 YEARS
Loved doing work for them. The broker we worked with was doing some shady ****. He lost the ability to list their properties.
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post #7 of 27 (permalink) Old 08-08-2012, 08:25 PM
Cruz @ ANDERCO
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Going down?

they've been owned by FAS for over a year or so. PAS used to be Wells Fargo's BACFS
post #8 of 27 (permalink) Old 08-09-2012, 07:49 AM
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As I stated in previous posts about PAS, I'll ride this train till it runs out of track. One of the brokers I work with seems to get the majority of properties in my area from them. The other Brokers, not so much. I'm not on the "Repair Dept's" approved vendor list, still waiting to move up the list. Long story short, had a partner, parted ways in January, had to change company name and re-file everything, but still getting all the work that they let the Broker get bids on. If they have the repair dept get the bids then my chances of getting the job are diminshed greatly. I still submit a bid to the broker that he submits to the repair dept and sometimes I get the work via "agent referal". Just changed the locks on a house yesterday,(4000sq ft) 2+acres of land needs alot of outside grounds sprucing up, around 4k of work that I'll probably get next week but the big ticket work (50k ish), (int/ext painting,carpet,re-finish hardwood,etc) will be 50/50 at best on me getting it.
post #9 of 27 (permalink) Old 08-09-2012, 09:27 AM
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Quote:
Originally Posted by Cruz @ ANDERCO
Going down?

they've been owned by FAS for over a year or so. PAS used to be Wells Fargo's BACFS
That's odd. The last check I received from PAS still had Wells Fargo's name on it. Not just drawn from a Wells bank, Wells Fargo was the name on the check.
post #10 of 27 (permalink) Old 08-15-2012, 06:58 PM Thread Starter
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Quote:
Originally Posted by Cruz @ ANDERCO
Going down?

they've been owned by FAS for over a year or so. PAS used to be Wells Fargo's BACFS
where did you hear this or what proof do you have ?? I still submit bids and they get approved with WAY BETTER than FAS pricing. Without some documentation of the purchase / merger I don't see it in the operations, and they pay within 12 days. FAS minimum 30 days out
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