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#138601 - 05/04/07 02:49 AM Ocwen Repair Bid
Allen Team Offline
Member

Registered: 04/05/06
Posts: 295
Loc: Roseville
We have an REO assignment - all of the ones in the past with Ocwen have been sold as-is, they never wanted a repair bid completed. Some of the companies we work with only want repair bids for health and safety issues and others want repair bids to bring the property to average or above condition. This home needs items such as: carpet, paint, lino, broken window (actual pane is broken), many broken boards on deck, blinds, light switches, roof tune-up, broken toilet, some clouded windows, broken fixtures/interior door handles, holes in walls. Pretty typical REO.

For those of you who have handled Ocwen REO's, please let me know what they expect on their repair bids - health and safety only, or to bring the property to average or above condition.

Thanks

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#138645 - 05/04/07 05:56 AM Re: Ocwen Repair Bid [Re: Allen Team]
OHAgent Offline
Major Contributor

Registered: 02/08/05
Posts: 2783
Loc: Ohio
I've only had 1 that they wanted repair bids on, but they decided to list it as-is.

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#139797 - 05/09/07 11:28 PM Re: Ocwen Repair Bid [Re: OHAgent]
Allen Team Offline
Member

Registered: 04/05/06
Posts: 295
Loc: Roseville
OK - so I get two different contractors to meet us at this property, they both take their notes, this was on Monday. Well, today is Wednesday and I do not have either bid back. I called one of them and he says "are you kidding, you need this bid by tomorrow?", and the other just has not returned my calls.

How are you all choosing your contractors - do any of you know of a nationwide company who handles REO contractor work.

Any suggestions?



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#139824 - 05/10/07 02:22 AM Re: Ocwen Repair Bid [Re: Allen Team]
PARealtor Offline
Member

Registered: 04/26/07
Posts: 152
contractors stink.. unless they are someone you know good luck trying to get bids out them. They all know youre using them for a number and then probably will never call back for the work

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#139827 - 05/10/07 02:42 AM Re: Ocwen Repair Bid [Re: PARealtor]
TargetRE Offline
Member

Registered: 11/19/05
Posts: 177
Loc: LA
Contractors stink? I wonder what they say about real estate agents who expect them to drop everything and work for nothing?

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#139873 - 05/10/07 06:35 AM Re: Ocwen Repair Bid [Re: TargetRE]
Delicious Cake Offline
Major Contributor

Registered: 12/10/05
Posts: 2702
Loc: CA
Allenteam - I am running into the same problem in the area.

I have however found both an amazing trashout and pool repair/service company if you need either.

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#139912 - 05/10/07 04:00 PM Re: Ocwen Repair Bid [Re: Delicious Cake]
mygoldkey Offline
Junior Member

Registered: 03/28/07
Posts: 8
Loc: Laramie, Wyoming
There are really good contractors and there are really bad contractors, finding a good one is like finding a needle in a haystack.

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#139920 - 05/10/07 04:39 PM Re: Ocwen Repair Bid [Re: TargetRE]
PARealtor Offline
Member

Registered: 04/26/07
Posts: 152
Originally Posted By: TargetRE
Contractors stink? I wonder what they say about real estate agents who expect them to drop everything and work for nothing?


ok let me restate that.. some contractors stink. the good ones arent going to waste their time knowing the agent is just using them for a quote. They are too busy doing jobs that make money.. same goes for agents.. there are the good ones and then those who stink.

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#139936 - 05/10/07 06:07 PM Re: Ocwen Repair Bid [Re: PARealtor]
TargetRE Offline
Member

Registered: 11/19/05
Posts: 177
Loc: LA
I understand PARealtor. Ocwen and similar asset co.'s put us in a difficult situaution when they demand B.S. bids. Even the approved contractor vendors for Ocwen are increasingly reluctant to do anything for them. It's a joke all around. And now if you get bids from relatives who are contractors the managers want to throw them out. But who else can you get that will work for free?

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#140067 - 05/11/07 12:47 AM Re: Ocwen Repair Bid [Re: TargetRE]
CALL TODAY SMILE TOMORROW Offline
Veteran Member

Registered: 06/08/06
Posts: 615
Loc: DETROIT
allenteam....give me a call......there are a couple of co's in are area that are ocwen approved vendors, they solicit me all the time. but give me a call i'm sure we can network some things. 248 440 5226 ext. 25 jeff
_________________________
NOT JUST A JOB IT'S A LIFESTYLE
JEFFREY SACK
J&S Properties of Metro Detroit

OFFICE (313) 779-1817
Fax (313)865-7406

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#140177 - 05/11/07 02:58 PM Re: Ocwen Repair Bid [Re: CALL TODAY SMILE TOMORROW]
RESTEVE Offline
Member

Registered: 10/28/06
Posts: 417
Loc: Kansas
Its good to hear Im not alone in trying to get BS bids. I tell people up front theres a good chance they wont get the work but if they take care of me I will try to send something there way that pays when I can. I stick to that too. Before getting into real estate I did some remodeling, and also had houses I was rehabbing. It boils down to this I think, when it comes to contractors. You have the ones that do good work and will give bids and work with you. They are too busy, and dont need extra work. Then you have the fly by's that whenever they feel like they may or may not give you a bid and then complain they dont have any money or work. Lets face it it doesnt take much to print up a flyer on the computer and claim your a contractor. Also when I was doing loaderwork, and remodeling I tried to get my name out there but as a contractor, many people just look at you like all the others, and wont give you a chance. Like someone else stated finding someone good is like finding a needle in a haystack.

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#142831 - 05/24/07 11:38 PM Re: Ocwen Repair Bid [Re: RESTEVE]
mnreos.com Offline
Junior Member

Registered: 02/11/06
Posts: 9
Loc: Minneapolis
Repair bids are like BPO's only you have to value the property by using each room instead of the whole thing...for free.
_________________________
Aaron D. Petty www.mnreos.com

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#454552 - 09/20/16 01:15 AM Re: Ocwen Repair Bid [Re: TargetRE]
Kath311 Offline
Junior Member

Registered: 09/20/16
Posts: 1
Loc: FL
Hi,
We're a repair contractor currently working with Fannie in 8 states, with Freddie in one state, and we have some other clients. How would one become approved by Ocwen as a Repair Contractor? We are good, and might be able to solve some of your problems. We work with GSEs, we're used to doing good work within their repair guides.

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#454553 - 09/20/16 06:00 AM Re: Ocwen Repair Bid [Re: Kath311]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7564
Loc: Vermont's North-East Kingdom
Originally Posted By: Kath311
Hi,
We're a repair contractor currently working with Fannie in 8 states, with Freddie in one state, and we have some other clients. How would one become approved by Ocwen as a Repair Contractor? We are good, and might be able to solve some of your problems. We work with GSEs, we're used to doing good work within their repair guides.

Your Post would probably be better positioned in the REO Property Preservation Forum; those readers are more likely to provide you with guidance to accomplish this.
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

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#454554 - 09/20/16 06:02 AM Re: Ocwen Repair Bid [Re: Kath311]
SCGirl Offline
Member

Registered: 04/06/11
Posts: 21
Loc: SC
I have been selling Ocwen properties for ten years, they always sell as is.

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