Posted by laurielnc on 12/22/09 2:46pm
Msg #315427

Update on REO land out of Pittsburgh

Just got a call and now see bad feedback. Please let me know how they are paying before I cancel. Signing is tonight @7:00.

Reply by laurielnc on 12/22/09 2:59pm
Msg #315429

Never mind, I just canceled. One of my signings took 90+ days to be paid. Answered my own question.

Reply by laurielnc on 12/22/09 3:16pm
Msg #315431

Again Sarah called me and they are going to put me on the HUD. She said her policy is to pay 90 days. So it's on again.

Reply by Ilene C. Seidel on 12/22/09 3:44pm
Msg #315435

Pay in 90 days they sure are helping their cash flow and killing ours. It's been a long time since I worked for them it took months and many calls to get paid, no repeats for me way too much work.

Reply by Teresa/FL on 12/22/09 3:45pm
Msg #315436

Is REO Land a TC or SS? Either way, 90 days is too long to wait for payment. I hope you receive your payment at funding since they are putting you on the HUD.

Reply by Les_CO on 12/22/09 4:17pm
Msg #315438

So….you’re on the HUD? Does that mean they (whomever they are…but assuming they are a licensed Title Company) can pay you out of their “operating account”? Whenever it’s convenient? Or must they pay you out of their ‘escrow account’ when (if) the loan closes? The way I see it this sure isn’t 90 days. Your check should be cut out of their escrow account the same day the loan closes. If not I’d say they (the Title Company) are in violation of the law. If you don’t get your check in a few days I’d turn them in. Did you keep a copy of the HUD?

Reply by laurielnc on 12/22/09 4:22pm
Msg #315439

They said they are cutting check as soon as it funds. I haven't seen the HUD yet but I'm hoping it's there.

Reply by MW/VA on 12/22/09 8:54pm
Msg #315475

If you're not on the HUD, don't buy the bull.

Reply by laurielnc on 12/23/09 10:37am
Msg #315541

Got the HUD @ 8:00. The way she explained it to me is that it is on a line that my pay is rolled into other expenses. I was counting on seeing my name but no, my name is not on HUD. I felt sorry for borrowers because it was so late and they wouldn't find someone this late. If they don't pay I will let you know. I'm holding out hope that they will come through. If not, I did what I said I would do and the world hasn't ended. The borrowers were really nice too.

Reply by Les_CO on 12/23/09 11:01am
Msg #315546

A notary signing agent with integrity has no chance when dealing with people that have none. I agree with your reasoning, and applaud your actions. I hope you do get paid. However if they lied about you being on the HUD, perhaps they’re not to be trusted?

Reply by laurielnc on 12/23/09 12:39pm
Msg #315560

Just got a private email from signing agent that says his name wasn't on HUD but got paid in 11 days. Next signing he did he thought he would get paid the same way but wasn't. So they have done it in the past. He did another signing and it's 120 days and not paid. I called REO and he may have been contacting Mindy who doesn't handle payment. Shannon told me to have him contact her and she will take care of it. Maybe this won't work but I don't give up trying.