Massive Decrease in Volume - REO Property Preservation Forum
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post #1 of 13 (permalink) Old 08-07-2018, 11:04 AM Thread Starter
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Massive Decrease in Volume

Has anybody else experienced a massive decrease in work volume over the past month or so? I lost a huge amount of volume when US Best separated from Altisource but I was getting work through someone else and they're not really getting anything now either. The company I know had a ton of work pays terrible, I either lose money or make under minimum wage by completing work for them. Anyone know which companies are doing the most work nationally?
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post #2 of 13 (permalink) Old 08-07-2018, 07:39 PM
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the industry is in slow death mode...has been since last fall.
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post #3 of 13 (permalink) Old 08-07-2018, 11:26 PM
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the industry is in slow death mode...has been since last fall.
You see there is this new dude in the white house. His name is Trump. He actually knows what he's doing with the economy and no matter what you hear on CNN, this economy is screaming. What does that mean? People are paying their bills again, including the mortgage payment. What does that mean for nationals? Their survival is based on volume. TripleG is right on. They are dying a slow and painful death, most of which deserve it. Good riddance!!
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post #4 of 13 (permalink) Old 08-07-2018, 11:52 PM
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Originally Posted by AMB View Post
Has anybody else experienced a massive decrease in work volume over the past month or so? I lost a huge amount of volume when US Best separated from Altisource but I was getting work through someone else and they're not really getting anything now either. The company I know had a ton of work pays terrible, I either lose money or make under minimum wage by completing work for them. Anyone know which companies are doing the most work nationally?



Altisource is the only company I get work orders from anymore. I had about 30 MCS properties on April 1 and now have about 6. Some of these properties were sold but many are still vacant and unsold. The last month I've had a huge portion of these properties disappear from the queue. These were all landscaping jobs so I have no idea what's going on with other areas of preservation work.
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post #5 of 13 (permalink) Old 08-08-2018, 07:19 AM Thread Starter
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I'm all for Trump, or whomever, fixing the economy but I'm going to have to push my business in another direction fast if the industry keeps dying this quickly. I read an article last night that said the rate of foreclosure has dropped from 4% to 0.87% and delinquencies fell from 11% to 3.8% since the peak of the crisis so things are definitely going to be much slower. I didn't expect it to slow down so quickly though. I agree some of the nationals have made the industry a joke and a game of how much can we f our vendors.
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post #6 of 13 (permalink) Old 08-09-2018, 10:16 PM
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Another housing fall is coming. As interest rates go up its bound to have repercussions
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post #7 of 13 (permalink) Old 08-11-2018, 04:19 AM
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I'm in pest & pigeon control in Phoenix and we've been quite a bit slower over the past 6 weeks or so.
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post #8 of 13 (permalink) Old 08-11-2018, 08:41 PM
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The other issue is that even with the huge drop in work Altisource keeps adding vendors. For the sake of competition.
They are playing vendors against each other. First they promise you that if you drop the price you will have lots
of work, but its all BS.
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post #9 of 13 (permalink) Old 08-16-2018, 07:22 PM
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Volume will not pick up again for another 3-5 years. Right now down here is South Florida everything is about new construction, new properties people are buying like crazy a house development is about to finish the last house and they are all already sold out. The only problem is you wont find anything cheaper than $350 k and mortgages are running for $2,800-$3,500 a month. The question is how long are people going to be able to keep with those really high mortgage payments?

well that's about 3-5 years just hang on tide. We are doing lots of residential work, switch your business a little, preservation is dead on top of the fact we have to wait 60 + days to get paid.
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post #10 of 13 (permalink) Old 08-16-2018, 09:00 PM
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Originally Posted by REPAIRPRO30 View Post
Volume will not pick up again for another 3-5 years. Right now down here is South Florida everything is about new construction, new properties people are buying like crazy a house development is about to finish the last house and they are all already sold out. The only problem is you wont find anything cheaper than $350 k and mortgages are running for $2,800-$3,500 a month. The question is how long are people going to be able to keep with those really high mortgage payments?

well that's about 3-5 years just hang on tide. We are doing lots of residential work, switch your business a little, preservation is dead on top of the fact we have to wait 60 + days to get paid.
that's crazy mortgage. I'd move!!!
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