Posted by Linda_in_MI on 4/1/12 12:50am Msg #416747
Flex Closing extending payment schedule
Received my payment for a recent closing in a timely manner, but was surprised to see that the check stub contained the following: Effective 4/1/2012 standard payment terms will be net 45 days. This from a company that originally sold themselves and prided itself on paying quickly--within 20-30 days.
Although I haven't been done a lot of signings for them--they at first were reluctant to meet my fee, lowballing even what I listed in their system--this to me does not bode well for Flex. I appreciate the notice, but add to this the handholding and faxbacks they require I don't know if I will continue to take their phone calls.
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