America's Largest Social Network for Default Real Estate Professionals
I didn't know if anyone had posted this yet. I received the following message a few weeks ago. Feel free to comment with any Summit Valuations experiences.
Michael Collins, SFR
Short Sale & Foreclosure Resource
June 20, 2011
Reference: Late BPO Payments
I understand your frustrations and concerns about late payments due to you for BPO’s completed on behalf of Summit. We are behind and working hard to eliminate the back log. As you know the credit market dried up so we lost our float from the bank and we have a large client that owes us a significant amount of money from six months ago. We have made the necessary adjustments to move toward the path of catching up including me not taking a check since December. We are currently in December payments and hope to be moving into January shortly. To be fair to everyone we are paying from oldest and moving forward. What we are able to do and will is upgrade your DispoSolutions account status thanks to the cooperation of Default Servicing Technology.
I appreciate your patience and look forward to getting you check out as soon as possible. If you have any questions please feel free to call.
Summit Valuations, LLC
630 Vernon Avenue, Suite B
Glencoe, IL 60022
If Summit runs Dispo, then I wonder if all Dispo companies will be late on payments...
I did get the 'upgrade' a few days later for what it's worth.