I sell REO properties in Phoenix Arizona and am somewhat frustrated with the bureaucracy that we have to jump through
Cities make it dificult to turn on utilities and if you can they charge us obscene deposits.
They change the rules on the fly, see my last post http://activerain.com/blogsview/551834/New-Scam-by-the no warning and no recourse
Cities strongarm agents that try to do right and let those that dont slip by,
There is no mechanism to turn on bulk utilities in a agents/banks name you have to call in one at a time and you are treated to eternal hold.
The banks want you to jump through hoops do everything they ask and make it all but impossible to get reimbursed for anything, i did not understand how bad until my bookkeeper said that im owed $35,000 from one bank and no knowledge in when i will get reimbursed.
I have to hire a person just to turn on and off utilities and organize the bills and a bookkeeper to track and try to get my own money back.
I know this sounds bad, i love what i do and enjoy the buisness but a lot of different people focus on how bad the reo's look but if you work hard on it all you do is fight the system that is not set up to help
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