David Shelton replied to Cindy Billman, SRES ®, SFR®, CDPE's discussion REO/BPO COMPANIES THAT DON'T PAY
"Altisource has always been a good company but something is going on with them.  Not sure what but their stock has dropped from a 52 week high of $1172 to currently trading at $191.  I think that their relationship with Ocwen and all of the troubles…"
Mar 30, 2015
David Shelton replied to Jim Clauser's discussion Is there a new hud contract coming out?
"There are certain areas up for new vendor proposals.  The last that I saw the deadline for interested vendors to submit their proposals was 9-2-14 with vendors selected sometime in September but this may have been extended (they usually are).  You…"
Sep 5, 2014
David Shelton replied to Cindy Billman, SRES ®, SFR®, CDPE's discussion REO/BPO COMPANIES THAT DON'T PAY
"Also important for all to realize is that this is a public forum.  You must be a registered member to post a comment but anyone, registered or not, can read the comments.  Just a reminder for anyone that thinks their comments are private."
Sep 5, 2014
David Shelton replied to Cindy Billman, SRES ®, SFR®, CDPE's discussion REO/BPO COMPANIES THAT DON'T PAY
"I'm sorry.  It was certainly not my intention to be lambasting anyone.  My only point has always been that all 3rd party vendors should not be being lambasted either just because some are bad."
Sep 5, 2014
David Shelton replied to Cindy Billman, SRES ®, SFR®, CDPE's discussion REO/BPO COMPANIES THAT DON'T PAY
"Colleen,
I do not doubt anything that you say.  My point is simply that there is good and bad in any industry and everyone should not be considered to be shysters and idiots just because some are.  I will agree that there are some companies out…"
Sep 5, 2014
David Shelton replied to Cindy Billman, SRES ®, SFR®, CDPE's discussion REO/BPO COMPANIES THAT DON'T PAY
"Hello all,
I do not normally post on this site but I just couldn't let this ignorant rant go without a response.  I run an REO asset management company that is apparently one of those 3rd party idiots that just screw everything up".  There is so…"
Sep 5, 2014
David Shelton replied to Wendell Funderburg's discussion Reasonable Fee
"Wendell,
We assign some BPO work for specific clients for valuations other than listing files.  We pay the agent for these BPOs and then charge our client.  I can tell you the we do not get paid $100 from most of our clients for an interior BPO and…"
Jul 11, 2014
David Shelton replied to Pat Ferrell's discussion hud
"At this point HUD has not selected the vendors for M&M 3.7.  They were anticipating publishing the RFP by 3-31-14 however that has not yet been done.  Who knows when they will get this finalized but when it is, each vendor will be published and…"
Jun 23, 2014
David Shelton replied to Jessica Klein RDCPro's discussion TurnKey or Turn Key
"Hi All,
Just to set the record straight, Turnkey does not and never has charged a fee to be in our network. We do some BPOs (which we pay timely for) but we are not a BPO mill.  Our primary business is liquidating REO properties and in most cases…"
Mar 24, 2014