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#261485 - 11/25/08 11:50 PM HUD pricing guidelines - Property Preservation Fees ****
Douglas100 Offline
Member

Registered: 11/10/08
Posts: 75
Loc: Northern California
Here is a link, you may find useful.

The below link has HUD pricing guidelines and FHA specifications for property preservation by each state.

http://www.cubicyard.us/state-guide-1/

Regards,
Doug


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#261502 - 11/26/08 01:01 AM Re: HUD pricing guidelines - Property Preservation Fees [Re: Douglas100]
seasaw Offline
Major Contributor

Registered: 10/14/06
Posts: 1668
You can find this information at http://www.hud.gov/offices/hsg/sfh/reo/pandpsched/ as well.

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#265205 - 12/18/08 01:48 AM Re: HUD pricing guidelines - Property Preservation Fees [Re: seasaw]
ron-o Offline
Member

Registered: 03/03/05
Posts: 44
Loc: Baton Rouge, Louisiana
Do you know if preservation contractors usually charge the maximum allowed?

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#265649 - 12/21/08 02:51 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: ron-o]
socal termites Offline
Member

Registered: 12/06/07
Posts: 27
Loc: so. california
why is California not included in the HUD costs? thanks in advance.

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#265671 - 12/21/08 05:26 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: socal termites]
socal termites Offline
Member

Registered: 12/06/07
Posts: 27
Loc: so. california
sorry, I didn't realize the states on the HUD site were not in aplha order.....

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#267469 - 01/04/09 08:54 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: socal termites]
DelCidsRealty Offline
Veteran Member

Registered: 02/04/05
Posts: 996
Loc: CA
they nobody ever publicly answered ron-o question? Maybe that is why he has only posted 23 time in about 3 years or so. Come on guys chime in here.

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#267488 - 01/04/09 11:10 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: ron-o]
allREOpreserv Offline
Veteran Member

Registered: 09/08/07
Posts: 708
Loc: Nationwide
Originally Posted By: ron-o
Do you know if preservation contractors usually charge the maximum allowed?


It's up to each vendor to determine whether to charge up to the maximum allowable or not.

For instance, I might have a property with a lot size of 15,000. If there's no grass to cut or weeds to remove on 2/3 of that lot, I might not invoice the maximum unless the other 1/3 is a lot of work.

So, basically, it's up to each vendor to figure out what will work best for them.

Linda
_________________________
Linda Hall, Owner
All REO Preservation Services
A+ Property Preservation Group [Nationwide]
allreo.mailbox@gmail.com

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#267558 - 01/05/09 03:02 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: Douglas100]
Patrick Allen Offline
Junior Member

Registered: 01/04/09
Posts: 2
Loc: Winchester Virginia
i was reading this post and 1 question came to mind these hud guidelines do not have hazardous removal pricing, do you know of any base pricing on this subject

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#270146 - 01/19/09 06:42 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: Patrick Allen]
MoREO Services Offline
Member

Registered: 01/07/09
Posts: 15
Loc: Saint Louis Missouri
The HUD Guidelines state "HUD will require the repayment of claimed reimbursement amounts if it determines that:

• The Mortgagee obtained bids that were not independent and competitive;

I know of a realestate professional responsible for bidding out property preservation opportunities. This person has now created a "fake" PP company and is awarding their "fake" business the contracts. I can only assume they are profiting or allow family/friend profit. My take on the above from HUD is that this is not allowed.

I am sure the banks the realtor is working for would not be happy.

Does anyone have suggestions on how to go about handling this? PLEASE PM me if you would rather talk about this off line. Thanks in advance.

Kevin Dennis
MoREO Services
Saint Louis, MO
314-313-5086
www.MoREOServices.com


Edited by MoREO Services (01/19/09 06:44 PM)
Edit Reason: spelling

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#279392 - 03/04/09 10:32 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: MoREO Services]
Jay Dee Offline
Junior Member

Registered: 03/04/09
Posts: 1
Loc: Fresno Ca USA
Hello, Im new on this site Im tring to get started on property preservation, im a local handyman and really want to get into cleanouts and repairs ect, first step? second step? ect, any info would be lovely thank you , ooh ya im in fresno california.

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#282813 - 03/23/09 05:00 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: Jay Dee]
JFG Offline
Junior Member

Registered: 03/23/09
Posts: 1
Loc: Idaho, Meridian
Hi, I am new on this site. I am an Remodeling Contractor/Consultant in the Boise Idaho area with 27 years experience. We are trying to get into the Property Preservation Biz. I have read a lot of your comments about the big companies (FAFS and Safe Guard)I don't want to run into a large headache as to billing out 8 weeks or so. My question is, are there any companies that any of you folks would recommend that I contact here in the Boise Idaho area to get the ball rolling. I have been working in the property Management area for about 7 1/2 years. We work with some small investors along with Our remodeling company. any help would be very grateful. We have a great reputation with our clients here.

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#283245 - 03/26/09 03:02 AM Re: HUD pricing guidelines - Property Preservation Fees [Re: Douglas100]
riffraff Offline
Junior Member

Registered: 03/25/09
Posts: 1
Loc: Finger Lakes, NY
You can download the guidelines, go to hud.gov, then in search put in hudclips, click on letters, click on mortgage letters, then click on 2008, 08-31 with attachments. Probably a shorter way to get there but anyways its better than paying for it. I've also called and had a hard copy sent, its free.

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#284656 - 04/02/09 11:59 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: Douglas100]
texaspropserv Offline
Member

Registered: 03/11/09
Posts: 10
Loc: North Texas Dfw
I notice HUD does not list the prices for Texas,why's that?
anyone?

-j

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#284882 - 04/04/09 05:08 AM Re: HUD pricing guidelines - Property Preservation Fees [Re: ron-o]
Jim Boad Offline
Member

Registered: 08/02/07
Posts: 185
Loc: Seattle/San Diego
I always charge accordingly and never charge the max just to charge the max and I guess that is why I keep getting more and more business…… I do know other vendors that always go for the max and they are doing ok as well, It just comes down to personal choice.

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#286978 - 04/20/09 07:25 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: Jim Boad]
BOM Offline
Member

Registered: 04/09/09
Posts: 17
Loc: Colorado
Hello to All,

I am beginnning operaitons, and wondering about bidding jobs.

Is HUD, VA, and other stipulated fee business very profitable? It seems a contractor might make a small profit on each line item, but one would need to do quite a few services to generate any measurable total profit. Then if you have to sub out some of the work, even less??? Is the HUD fee schedule a resonable basis for preparing competitive bids?

Is conventional loan based business more desirable?

Thanks,
Bruce

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