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#289229 - 05/05/09 03:38 PM Re: HUD pricing guidelines - Property Preservation Fees **** [Re: BOM]
raices Offline

Registered: 05/05/09
Posts: 28
Loc: IN
I have run into a property preservation issue on a HUD Home. Utilities can be turned on for two days for inspection. In one home during winter months, their representative tried to turn off utilities BEFORE the home had been re-winterized. You can imagine the problems that somebody would have had. The home passed the water test, and then because of a timimg issue, the pipes could have burst because their rep turns off the heat. Fortunately no harm no foul in this case, but it could have been a serious problem. Beware.

#292531 - 05/28/09 11:46 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: ron-o]
NewHeights Offline
Junior Member

Registered: 02/03/09
Posts: 5
Loc: GA ,TN & West NC
In my experience, preservation contractors rarely get the maximum. The national companies may charge that back for reimbursement, but usually smaller companies only receive the HUD price less a discount. The discount can be anywhere from 20%-50%, depending on the negotiated price. Sherry Bailey

#323832 - 01/26/10 05:12 AM Re: HUD pricing guidelines - Property Preservation Fees [Re: ron-o]
fegundez1 Offline
Junior Member

Registered: 01/25/10
Posts: 5
Loc: USA, Florida
Unfortunately it isnt the contractor who sets the price, your client (the person who sends you the job) will give you a sheet showing what each thing is worth. Usually you charge by the cubic yard, for trash you say how many yards there are. You will find very rarely do you get anywhere close to the max.

#330055 - 03/07/10 12:30 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: BOM]
propertyclean Offline

Registered: 02/24/10
Posts: 12
Loc: missouri
I have a job that has about 30yards of debris to remove. Tons of bugs. Very gross,water has not been on for quite some time. I already sured and winterized it. Now I have to put a bid in removal of carpet and debis. Also clean. I have checked out the hud guidlines but this job is for a national company that has for the most part fixed rates. Does anyone have any feed back this by far is the worst job I have done.

#330079 - 03/07/10 02:34 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: propertyclean]
richb Offline

Registered: 11/28/08
Posts: 62
Loc: Northern New Jersey
I would figure out the price and add 1 1/2 times the amount because of the bad environmental conditions (explain why in the bid). If they say it is to high, then just decline it and let them get someone else.
I don't believe in declining a lot of work but if it is that bad then it may not be worth the trouble.
I remember one time I gave a high bid because of the conditions, the company said it was to high so they got someone else. I passed by the property and the other contractor that was doing it wasn't even licensed in the state to do the work. Go figure.

#336740 - 05/03/10 08:57 AM Re: HUD pricing guidelines - Property Preservation Fees [Re: BOM]
raysea64 Offline
Junior Member

Registered: 05/03/10
Posts: 2
Loc: Indiana
Hello to all,

I have been doing sub contract work for a Safeguard vendor.

Last year we were averaging $55/ property for grass cuts, this year she has informed us that Safeguard is now only paying $30 per yard up to 1 acre, anything over 1 acre is a bid.

Is anyone else experiencing this from Safeguard?

#336930 - 05/04/10 08:23 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: raysea64]
BadAsset Offline

Registered: 01/16/09
Posts: 106
Loc: Cold State
I have not seen that. But I'm not a grass-only contractor. I know they have lower rates due to volume.

#337132 - 05/06/10 12:45 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: BadAsset]
raysea64 Offline
Junior Member

Registered: 05/03/10
Posts: 2
Loc: Indiana
Thanks for the reply.

I am not a grass-only contractor either, but it does seem a little weird that they would cut the price that much.

Taking a 25% discount versus a 20% discount would be reasonable for the added volume, but for them to take $25 per yard seems a bit excessive.

#346396 - 08/03/10 07:38 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: BOM]
kh-pp Offline

Registered: 01/27/09
Posts: 28
Loc: Gaston county North Carolina
Whats the allowable on a lockbox?

#350073 - 08/31/10 10:24 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: BOM]
MIP Field Svcs. Offline
Junior Member

Registered: 08/31/10
Posts: 1
Loc: Virginia
Mortgage Investment Property (MIP) Mangement & Field Services is an independently owned and operated field services company headquartered in Richmond, Virginia. Our objective is to work as an Independent Contractor representive of companies completing the task of residential, commercial, property loss inspections and property preservation. If you are interested in our service or would like to find out more information, please give us a call at (804) 230-9599. Thank you and we look forward to hearing from you.

#350472 - 09/05/10 11:04 AM Re: HUD pricing guidelines - Property Preservation Fees [Re: Douglas100]
HelpUGetMoney2 Offline
Junior Member

Registered: 09/05/10
Posts: 5
Loc: IL
I don't know if I should be "replying" to this issue or not, sorry if I should have made a new post!!

I have already found the site Cubicyard.US. I am currently trying to look up the info on "HUD guidelines for P&P within my state of IL" but having a VERY difficult time trying to go thru all the site on the site for the info. While searching here, I came across Cubicyard.US site, it does "give" you info on "pricing" for P&P, but when I tried to find my info on the guidelines for IL, you need to subscribe/pay to the site in order for me to get the info that I need.

Does anyone know of where I can go get this info without having to "pay" for this info. This info should be free, atleast findable on the site, with no pay involved. We shouldn't have to pay for something that is considered public information??

Any help/assistance with this would be appreciated, thank you!

#358871 - 11/27/10 03:25 AM Re: HUD pricing guidelines - Property Preservation Fees [Re: Douglas100]
bobby11 Offline
Junior Member

Registered: 11/26/10
Posts: 2
Loc: alaska. usa
I think its outrageous too. Countrywide got busted for 106 million for these types of charges - like $500 to mow a postage-stamp size yard. Of course, 106 million is chump change to them. Did you like the attorney you saw? My suit was just filed 2 days ago. YAY! YAY! YAY! FINALLY!!! Although I know have a l-o-n-g wait until anything really starts happening on it.

[url=] Fireplace Render [/url]

#358881 - 11/27/10 07:35 AM Re: HUD pricing guidelines - Property Preservation Fees [Re: bobby11]
bsareo Offline

Registered: 02/07/09
Posts: 309
Loc: Somewhere in the desert
Safegard just charge $450.00 to screw on a new shower head at a cost of $3.50. What a scam.. I would have put that on for free.

#358883 - 11/27/10 08:21 AM Re: HUD pricing guidelines - Property Preservation Fees [Re: bsareo]
RealBoots Offline

Registered: 01/26/08
Posts: 416
Loc: Wild or not Wild ,East or West...
Safeguard people are crooks!
They make numerous trips and charge Fannie Mae for stuff they should have done on first initial service attempt .
Also , when they have nothing to do they go to property and make or try to make something not to work to make money.
They favorite is turning breakers off so basement floods and they charge customer for serious basement water pumping by turning breakers on and having sump pump do the job.
Then they get estimates for removing drywall and mold in the basement caused by their negligence!

#358898 - 11/27/10 12:05 PM Re: HUD pricing guidelines - Property Preservation Fees [Re: RealBoots]
STEW Offline
Veteran Member

Registered: 08/27/07
Posts: 554

funny. I had them remove the shower nozzles on 2 showers and attempt to claim the property flooded and needed emergency services for water remediation. I was actually in the property before they reported it and found a blower on a dry area of carpeting and the nozzles removed with a slow stream of water flowing. I turned the water off at the meter before anything flooded.
We had the property in prelist for months before they went in so we know they removed the shower heads. We had the water off with the local utilities and at the meter; they went as far as to turn the water on through the utility company to produce the situation. We immediately turned the water back off, notified the AM of the situation. Who knows what they actually invoiced the seller. I've found the AM dont like getting in the middle of fraudalent activity on the part of the property preservation company.
We have had appliances taken by property preservation also and not just dirty refrigerators, upscale ss applainces, ranges, 0 degree frig. It happens. We report it as stolen and file the police report but the AM's frequently wont take a stand and address the pp company re the theft.

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