• Report: #947576

Complaint Review: Nationwide REO Services

  • Submitted: Thu, September 27, 2012
  • Updated: Wed, May 28, 2014

  • Reported By: AH — Mt. Holly Virginia United States of America
Nationwide REO Services
1325 Bedford Avenue, #32500, Baltimore, MD 21282 Nationwide United States of America

Nationwide REO Services Nationwide REO Services ,ezinspections.com, nreos.com, Thomas ODonnell, Regional Vendor Manager, NREOS.com, Amanda Toth, They claim to be a Nationwide REO Services provides comprehensive expertise in all phases of real estate asset management and BPO valuations. Our vendor network enables us to provide solutions that ar Internet, Nationwide

*UPDATE Employee: You should have read your Vendor Agreement & Fee Schedule

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The provide their Clients and Vendors an ability to use ezinspections.com to make money through them at Nationwide REO Services. The claim to provide Contractors work by providing REO default evaluation, inspection, repairs, preservation, property management, listing and sales, loss mitigation, hazard claims processing and documentation.

I would be considered a vendor but all their fees are extremely low and they are keeping majority of the money for themselves and only paying their Contractors pennies for all their hard work, sweat and tears! they do not offer a competitive salary and/or fees to their contractors! I refuse to only be paid pennies when I have made $1,250.00 and from 2000 through 2003 working with a Realtor that provide REO and BPO services.  I refuse to believe that they aren't getting more on items from their Clients but, they want to pay the Vendors pennies for all their work.  The Vendors are the ones providing all the pictures, inspections and doing all the work but, are NOT getting paid for all their time, work and/or energy! All the people at Nationwide REO Services just sit on their butts making phone calls and ripping off their Vendors by stuffing their pockets standing on their Vendors backs.  I would say that is truly unbelievable that they have gotten away with this since 2011! I refuse to pad their pockets providing my Excellent services and hard work just to receive pennies. 

This report was posted on Ripoff Report on 09/27/2012 02:58 PM and is a permanent record located here: http://www.ripoffreport.com/r/Nationwide-REO-Services/nationwide/Nationwide-REO-Services-Nationwide-REO-Services-ezinspectionscom-nreoscom-Thomas-ODo-947576. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 UPDATE Employee

You should have read your Vendor Agreement & Fee Schedule

AUTHOR: Charlene Wainright, President - ()

While Nationwide REO Services appears to pay lower than some companies, they are on the national standards for their fee schedule.  I personally have been in this business (and the home improvemnent business) for 12 years & vendors were paid a lot more 8-10 years ago, than they are today.  The reasoning behind this for most National & Reginal REO companies is "volume & bulk" services - "volume & bulk" pay.  While I agree that ALL P&P / REO companies pay are far less than Realtors, this IS the norm.  Realtors can offer & pay more because they work directly for the banks.  NREOS has never stiffed me for payment & they also supply all vendors with their fee schedule PRIOR to completing any work.  So, if you were / are a vendor for NREOS or any other company, then you have a Vendor Agreement & the fee schedule which you should have read prior to doing any work / services.  If you still do the work, then don't complain.  This information is YOUR responsibility as a business owner to get prior to agreeing to performing services.  So DON'T COMPLAIN.  You are under contract & agreed to these prices.

That's my 2 cents.

 

Charlene Wainright, President

Absolute Preservation & Improvement.

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