Is anyone having a difficult time getting paid on REO bank owned assignments? I am selling a lot of Fannie Mae listings and they are very good but another bank which I will not name in this post has been horrible. They are a very large bank and I would think that they would have everything together. It's feels like the bank is so large that everything is so out of control and there seems to be a lot of new people that don't have all of the answers.
We always pay our vendors on time which leaves us carrying the cost of the expense until we get the money reimbursed but this is getting ridiculous. I have cash 4 key money due, locksmith expenses and a lot of utility bills going back as far as 6 months!
Just wondering if anyone else is going through a similar experience.
