$40,000 owed by Fast Eddie San Roman and his son Zack at 24 Asset Management, a HUD M&M FSM awardee. $40,000 that the entire staff of 24 Asset Management is aware of, turn a blind eye to, and the new HUD M&M FSM awardee needs to ensure they do not hire. Their names will be listed in a forthcoming article. It is the tip of the iceberg with many wondering if HUD officials are on the take. Meanwhile, Puerto Rico is rationing water. San Juan and six surrounding municipalities have gone without running service for as long as 100 days, cycling through 48-hour blackouts while reservoirs sit at record lows. Field Service Technicians and Inspectors on the island are working through it — no water at the house, no water at the shop, and, as it turns out, no full paycheck either.
That last part is not weather. That is Eduardo “Fast Eddie” San Roman.
The Math HUD Won’t Do
Two Puerto Rico order files landed on our desk this week. The first covers January through August 2026: 125 properties carrying an outstanding balance, 939 more still owed since May 22, totaling $18,780. The second covers a full year, September 2025 through August 2026: 1,087 billable properties after cancellations and disapprovals are stripped out, at $20 a property, for $21,740 unpaid. Add them together and you land almost exactly where the contractor landed: an outstanding balance nearing $40,000.
Here is the part that should draw an Inspector General’s attention faster than the total. The checks never stop. They arrive every month, just never for the full amount owed. The remaining balance rolls forward, month after month, compounding against Labor while 24 Asset Management keeps the lights on with partial payments calibrated to keep people working without ever making them whole. It is not a missed payment. It is a business model.
Thank you so much for taking the time to help us. My brother is in a group chat with several other vendors going through the same situation with Asset Management and they also will be reaching out to Mr. Karnes and Ms. Washington. I offered to help because of the language barrier and will keep you updated. Thanks again!
The contractor’s family put it plainly: the money coming in is enough to keep employees paid. It is not enough for the owner to pay himself, or his mortgage. He is now weighing whether performing further work simply grows a balance he may never collect, against the risk that stepping back reads as abandoning a federal contract and costs him future work. That is not a cash flow problem. That is coercion with a HUD logo on it.
Fast Eddie’s Franchise
Foreclosurepedia has tracked Eduardo San Roman’s pattern for years, from Assero Services — which collapsed owing Labor close to a million dollars and never filed bankruptcy, it simply stopped — to its resurrection as 24 Asset Management at the same Miami address. Today 24AM holds roughly ten HUD Management and Marketing Field Service Manager 3.12 award areas, including Area 8A, which covers Florida, Puerto Rico, and the Virgin Islands, worth tens of millions of dollars in first-year obligations alone.
His son, Zachary San Roman, sits inside the operation running the family playbook. This is not an absentee owner losing track of a subsidiary. This is a family enterprise running the same non-payment playbook across two corporate names and two decades, with HUD’s signature on every award renewal.
Craig Karnes Knew
Craig Karnes has worn more than one HUD title while Fast Eddie San Roman kept collecting awards. He ran the agency’s Management and Marketing program as HUD M&M Director. He later moved up to Acting Deputy Chief Procurement Officer for Field Operations. He has since moved again — into a different HUD role, after his appointment failed to clear under the Trump administration. Three titles, one throughline: at every post, Karnes had the authority to pull 24 Asset Management’s awards, and at every post, he didn’t.
When Assero was accused of tax fraud, Karnes reasoned that San Roman may have controlled the company without personally directing its finances — a distinction that requires testimony under oath, not a procurement memo, to hold up. Our reporting has called this insulating an $18 million-plus investment in Fast Eddie San Roman, award cycle after award cycle, title after title.
And where is Sharon Washington while a Field Service Technician and Inspector in a drought zone debates whether he can afford to keep working? Nowhere Labor can find her. RE-Global, the mortgagee compliance manager tasked with policing exactly this kind of payment failure on federal contracts, has shown no appetite for oversight either. In fact they spent months partying it up before ever even rolling out on the HUD MCM contract. Foreclosurepedia asked the same question in April: it is not like Sharon Washington or HUD leadership are going to get involved. Nothing since has proven that assumption wrong.
A Pattern, Not an Incident
This is not an isolated Puerto Rico problem. Foreclosurepedia reported over $100,000 in fraud against Billy Masonet roughly a decade ago, committed by CWIS — a separate case, same island, same industry, same absence of consequence. A decade apart, two fraud cases out of Puerto Rico, and HUD’s field operations leadership has yet to remove a single award over either one.
Puerto Rico’s Field Service Technicians and Inspectors are already rationing water. They should not also be rationed pay by a contractor HUD has had a decade of documented reasons to cut loose, and refuses to. Here is what is owed and precisely where the houses are located as a public service to warn potential buyers about the fraud involved. FORTY PAGES of properties serviced and never paid in full. $40,000 owed. Avoid these properties like the plague as well as Fast Eddie San Roman and his son Zack!
Loading...
Reload document 
Open in new tab
