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The problem is, that some of them are out of state and they know it would be time consuming to take them to court. So, they take you for granted. I would recommend to try and only deal with local state companies if you can manage it. That's why I make Clearcapitol priority one on my list of good payers and they are in my state of California.
What is your definition of a 90 to 120 day price for a BPO if asked. What I use is 90 to 120 day comparable sales from the date of contract not the date of sale. What methods do you guys use to determine a 90 to 120 day valuation figure?
I have used the DOM averages also in a slow market scenario. If any asset managers are on this page I would like to have your opinion please. Thank you...
After three phone calls and several emails, including one which I told them I had all the data for their report but refused to fill it in as they refused to acknowledge they owe me money, I finally got an email today, two weeks later. And here is what it said:
Dear Tara Nagelhout,
We are sorry for the delay in scheduling, we have your orders from July, August and September scheduled for our next available date 1/7.
Please bear in mind that this is a scheduled date and if for any reason we
fall behind in our scheduled payments this date might be pushed back
some, but they are
indeed scheduled and will be sent out as soon as possible.
8700 Turnpike Dr. Ste #300
Westminster, Co 80031
Funny - I got the same exact email, but the date on mine was 12/31/2010...
I'm sure it's a template email that they just send out to agents.
I'm owed over $500 from Brokerpriceopinion.com and with every order request, I respond asking about the past due payment.
The funny thing is I've received duplicate orders from them and another company I work for and the other company has paid me NOT them.
Of course, they are coming from the same lender, so we know the lender is paying them.
Sounds like they have too much overhead and can't afford to pay the measly $35 they offer for an order that their competitors pay $50 for.
That's the normal template letter they send to every agent as an excuse for late payments... What a joke.
my understanding of the 90-120 day value is .....is your projected market values for that time frame or tier of time. the market value in the 90-120 day tier should be different than the value in the 0-90 day tier. the value can either be higher or lower than the 0-90 day value but should not be more than 20%. 0-90 day value should be your market value.
hope this helps.