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floreclosure cutting; use of contracts

Discussion in 'General Industry Discussions' started by brianslawncare, Aug 19, 2010.

  1. brianslawncare

    brianslawncare LawnSite Senior Member
    Messages: 459

    i was called today from a realestate agent and they wanted to give me 25 properties. they are priced from 30 to 75 per cut and they want it done every week.do i give a contract per property? the agent told me i will get paid but it might take 30 to 60days it is through fanny maie. some of the properties are 35miles away. any ideas what to do? thanks

    SCAG POWER LawnSite Senior Member
    Messages: 343

    With no contract.................... no money.... Contact banks directly as getting money from realtors during this time is very hard.
  3. brianslawncare

    brianslawncare LawnSite Senior Member
    Messages: 459

    the realator who contacted me said she will give me a list of the houses. the the owner will pay me, but she gets paid from fannie maie. so you are saying contact fannie maie ,and see if they will pay me? thanks
  4. tinman

    tinman LawnSite Bronze Member
    from ga
    Messages: 1,346

    Deals like this can be very bad. Get clear info on how you will be paid and by who.

    SCAG POWER LawnSite Senior Member
    Messages: 343

    Based on the conversation's this past Friday on CNBC. Fannie & Freddie , may not be around to much longer. In that case the owner gives up the houses. In what is call a tactical default and he walks a way from every thing. The Realtor get stuck in the middle and the person who does mow them winds up waiting for their money. Then 90% chance that you will have to file a lien in court to get your money........... So you would be sitting on the bottom. with a slit chance of not seeing any thing. I do not take business from Realtors unless they have a rental agreement on the house, so they are getting paid. I would pass on this one.................
  6. brianslawncare

    brianslawncare LawnSite Senior Member
    Messages: 459

    the realator who contacted me said her son was owed 2500 for mowing but didnt get paid yet, she said he will get paid but not sure when. her son is a friend of my daughter and she just wanted to offer it to me.she told me its not fannie maie its her boss of the realestate company that takes so long to pay.im not sure what to do,this could bring more work for me in the future. or on the other hand i could get stuck and not get paid. if i try it who signs the contracts the owner of the realestate company? then i just give them a copy and i keep a copy? 25 properties at 40 a piece is 1000 a week thats hard to pass and its getting close to the end of the season! thanks for all youre help.
  7. PROCUT1

    PROCUT1 LawnSite Platinum Member
    from TN
    Messages: 4,891

    If hes not paying her son, and this is someone he has to see everyday at work......That should be a big red flag right there.
  8. MR-G

    MR-G LawnSite Senior Member
    Messages: 479

    these accounts arent worth the headache......STAY AWAY you will be better off....30-60 days are you kidding me?

    SCAG POWER LawnSite Senior Member
    Messages: 343

    Walk a way from this. It ba denough for some one to try and trap you , but when they tell even their kid is not getting paid............ Run a way tell her thanks for thinking of you BUT I AM NOT interested in this type of SCAM. Because thats what it is a scam.......... Face it realtor have no money because of the market conditions at the present time. Even when things are good it is a BEAR trying to get money out of them.

    I VOTE TO WALK A WAY FROM THIS.....................
  10. Kartanimal29

    Kartanimal29 LawnSite Member
    from Ct.
    Messages: 209

    Same thing I was thinking. Run , and run a way fast.

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