ANy agents here doing BPO assignments for IAS?

Curious if any agents here are working with IAS for BPO assignments.  If yes, have you noticed it taking longer and longer for payment?   Not looking good, looks like IAS may be in trouble.  They owe me a few thousand for BPOs and for REO reimbursements.

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Permalink Reply by Vanessa Calhoun on August 11, 2011 at 3:17pm

I've noticed the same. When I inquired, I received an email basically stating that their revamping their policies and procedures and that they had no idea as to when my check would be mailed, but that they would make sure that everyone is caught up on payments. Not quite sure what's going on.

Permalink Reply by Jeff Payne on August 12, 2011 at 2:47am

Vanessa, I have basically ceased doing any business with them because I don't want to dig a deeper hole.  Haven't recieved a listing form them since beginning of the year and they owe me several thousand dollars.  I was told the same thing as you.  I would guess that it means that they are failing and we probably won't see our money.  Same thing happened with some other companies.  

Permalink Reply by Wendy Martin on August 13, 2011 at 4:39am
Same thing happened with Land Am.  They gave me 20 "rush" assignments one weekend and then went bankrupt the next week.  Been trying to get that money for over a year now.  Epic Real Estate Solutions took over, and they are still using the LandAm website.  But at least they pay!
Permalink Reply by Thomas O'Brien on August 16, 2011 at 1:03pm
I noticed the same this with IAS, It took me months to get paid after lot's of emails. I never got any listings. Huge wast of time.
Permalink Reply by Vanessa Calhoun on August 16, 2011 at 1:08pm
Has anyone received payment recently? They're holding a check for me that's dated July 14th.
Permalink Reply by Jeff Payne on August 17, 2011 at 2:00am

Thomas, I used to get listings and sold them fast but haven't received one since the beginning of the year. 

Vanessa, They are holding checks of mine that were cut in May.   A few thousand dollars would be nice about right now but I am not counting on it.

Permalink Reply by Jennifer Williams on September 16, 2011 at 6:39am
I am (was) working with IAS as well, until I saw this post...have a couple thousand dollars in unpaid BPO work for them and have had this sickening feeling in my gut for more than a month now. Some of my BPOs are from April and when I email to get a status on payment it is the same message that Vanessa has talked about. The latest email I sent requesting specifics on when I will be paid has gone unanswered. Is there any recourse, anything that can be done? Unfortunately, I am sure that there are many other agents desperate to break into REO work that will be taken advantage of, as I have been. Thank you for this post, I have been working in good faith with the assumption that I will be paid and have finally decided to stop working for free. I don't know how to put into words how this realization has crushed me...I thought that after 14 years of attempting to get into this sector of the real estate world I was finally getting somewhere, really doing something. WOW!
Permalink Reply by Amy Soto on October 12, 2011 at 12:55am

I have had the same problem, no payments since May and thousands of dollars due.  I finally realized my folly and cut them off in September until I receive payment.  Several times I have been promised my payment would be to me within a couple of weeks.  The latest promise was by October 15th.  i can see in their system they haven't even initiated the payment so I know I will not be getting it then.  This is so dissapointing, I have been working with them for years with no issues.  Now that Lehman Brothers Exec took over in the beginning of May and problem after problem!  I really need my money, that is a lot of time and gas to be out.  now I am thankful they have not assigned me any listings this year, I would hate to be out the reimbursements too!!

Permalink Reply by Jeff Payne on October 12, 2011 at 1:09am

I finally got a partial payment for some REO reimbursement but they still owe me some money.  I gave up trying, it was costing me more to collect.

Permalink Reply by Robert Moita on November 7, 2011 at 5:09pm

You are lucky..I have been trying to collect money from IAS since January 2011. I current have two listing with them, but have about $4,200 past due in bpo work. Any ideas? I have sent emails, calls, left messages and nothing. I dont think I will ever see the money.

 

Permalink Reply by Marcy Spieker on January 3, 2012 at 10:42am

I am also owed money by IAS.  I have called several times with no resolution in sight.  In October I was told they were way backlogged in accounting and she promised that I would get paid but could not tell me when.  I called again in December and was told that this would be excalated to a supervisor and so far no one has gotten back to me.  I'll try again this week. 

 

I am also cutting them off.  I have jumped through hoops to get their BPO's doen thoroughly and promptly, but am done working for free.

 

Marcy Spieker

Seattle, WA

Permalink Reply by Jeff Payne on January 3, 2012 at 10:49am

Marcy,

I got most of mine paid, they still owe me under $500 and I have given up trying.  IAS can have their BPOs and their pathetic listings.  they used to be awesome to work with but I suspect they are going under and taking the money with them

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