A Field Service Technician who has covered HUD’s Management and Marketing (M&M) Field Service Manager (FSM) territory for 24 Asset Management for nearly two years says the company now owes them over $38,000. More than $15,000 of that is past due. Over $10,000 has aged past 90 days. The Technician expects the past-due balance to grow by a minimum of $2,000 a week. Fast Eddie San Roman and his son Zach are well aware of it and continue to refuse payment — as always.
This is not a new story. It is the same story, told by a different worker, on the same company, under the same federal contracting officer, nine years running.
The Float
The Technician told Foreclosurepedia they were promised net-45 payment terms when they signed on with 24 Asset Management. Actual payment landed closer to 60 to 70 days out. When that pace held steady, the Technician says they let it go. Consistency, even slow consistency, is something contractors in this industry learn to accept. It is how NAMFS members have made their fortunes and then disappeared silently in the night like A2Z Field Services and National Field Network.
That consistency broke down over the past several months. Payments arrived once a month, and only after repeated demands. The aging has since crossed the 90-day threshold on a growing share of invoices and over 260+ days on others.
On July 28, the Technician received a check. It was dated June 12, 2026. Forty-six days passed between the date printed on the check and the date it reached the person who earned it. Foreclosurepedia has covered float schemes like this before across the property preservation industry, but a six-and-a-half-week gap between issuance and delivery is not a mail delay. It is a liquidity problem wearing a stamp.
The technician says they attempted to raise the issue directly with Fast Eddie San Roman and with a second company contact identified as Zach, along with other members of the 24 Asset Management team. None of it produced answers. The only question asked, repeatedly, was when payment could be expected on the oldest outstanding work orders.
Labor Draws the Line
Last week, after another round of unanswered outreach, the Technician refused to complete a batch of routine inspections, lawn maintenance orders, and two HPIRs, including initial services and winterizations. That is not a small decision for a small business owner covering payroll, overhead, and fuel costs against a client that will not say when it intends to pay. It should also matter to HUD that their M&M FSM Awardee was not meeting the mandatory deadlines on servicing the portfolio.
The Technician put the complaint in writing and sent it to Craig Karnes at HUD. As of this writing, nothing has changed. Eddie San Roman has told the Technician he would “try to get some money out.”
Foreclosurepedia is withholding the Technician’s name. Retaliation in this industry is not hypothetical, and workers who go public on non-payment routinely find their territory reassigned or their work orders dry up.
This Is the Pattern, Not the Exception
24 Asset Management already carries a NON-PAY flag in Foreclosurepedia’s Firm Registry, documented across multiple states. Bounced checks and mechanics liens are on record in that history. The company’s principal, Eduardo “Eddie” San Roman, previously ran Assero Services out of the same Miami address. Assero simply folded up shop and is now defunct. Its principals simply moved the operation down the hall and kept bidding on federal work.
That matters because 24 Asset Management is not a fringe player scraping by on a handful of orders. HUD’s FSM 3.12 solicitation handed the company six separate contract awards spanning ten geographic areas, with a combined first-year value Foreclosurepedia reported at the time as $51,045,736. Industry contractors tracking the life-of-contract ceiling across all six awards put the total north of $102 million. Non-payment on that scale is not a cash-flow hiccup. It is a business model that treats Labor as an interest-free line of credit, backed by a nine-figure federal contract that keeps renewing regardless of who does not get paid.
Craig Karnes Has Heard This Before
HUD’s former Acting Deputy Chief Procurement Officer, Craig Karnes, is the official Foreclosurepedia and industry contractor forums alike have identified as the point of contact whom is the supervisor over the director of the HUD M&M AM and FSM 24 Asset Management’s FSM awards. This is not the first time his name has been attached to this exact complaint. Foreclosurepedia reported on Karnes and HUD procurement failures as far back as April 2016, and contractor forums have separately flagged Karnes by name as the official “insulating” HUD’s investment in San Roman’s contracts while Technicians go unpaid underneath them.
A decade is far long enough to establish a pattern of institutional indifference. The complaint sent to Craig Karnes this month is not new information landing on a fresh desk. It is the same category of complaint both he and HUD have been receiving for over a decade now, and apparently setting aside, since at least 2016. And all in we are talking about millions of dollars in fraud including a previous whistleblower complaint that was spiked.
The Question HUD Won’t Answer
Secretary Scott Turner has spent this year testifying to Congress about “stewardship” of taxpayer dollars and rejecting what he calls the notion of simply throwing money at a problem. That framing is usually aimed at housing-first homelessness policy. It applies with equal force to a $51-million-plus M&M FSM portfolio sitting with a company that has a documented multi-state non-payment history and a bankrupt predecessor entity sharing the same address and the same ownership.
If stewardship means anything, it means asking why HUD continues awarding and renewing FSM territory to an operator with this track record, and why the department’s own procurement staff have been named, publicly, in connection with protecting that operator for the better part of a decade. Labor is not asking HUD for a bailout. Labor is asking to be paid for work HUD already contracted, on terms HUD’s own awardee already promised.
Until Secretary Turner’s HUD is willing to force failed M&M FSM awardees to pay what they owe the technicians who do the actual work, every congressional statement about fiscal stewardship is theater performed for an audience that isn’t the one going unpaid.
Foreclosurepedia will continue to track 24 Asset Management’s payment history and HUD’s response, or lack of one. Contractors with documented non-payment complaints against 24 Asset Management or any HUD FSM awardee are encouraged to reach out.
Editor’s Note: At the time of publication we were advised that liens were forthcoming.
Good morning,
This email serves as notice of our intent to lien any property associated with invoices that remain unpaid beyond the 45-day payment period.
As of today, the outstanding balances are as follows:
● $1,827.50 — past due 260+ days
● $8,371.50 — past due 90+ days
● $6,474.00 — past due 60+ days
● $2,677.00 — past due 45+ days
Total past due beyond 45 days: $19,350.00
The total outstanding balance to date is $38,674.00.
After numerous attempts to have the account brought current, we have been left with no reasonable option other than to proceed with the lien process for eligible unpaid invoices.
I have attached an up-to-date spreadsheet detailing all outstanding and unpaid invoices for your review.
Please arrange payment or contact me immediately to discuss resolution of the outstanding balance.
