Saturday, January 23, 2021
Home #ForeclosurepediaNation Sage Acquisitions Announces Its 3P Region Collapse Accepts No Blame

Sage Acquisitions Announces Its 3P Region Collapse Accepts No Blame

Foreclosurepedia has exclusively obtained Sage Acquisitions Conference Call, with Brokers, announcing its formal withdraw from the US Department of Housing and Urban Development‘s (HUD) Management and Marketing (M&M) Asset Manager (AM) 3P Region and accepts no blame and denies performance issues. More as this fast moving story breaks.

Below, you will find our Foreclosurepedia Podcast recording of Sage Acquisitions denial of blame. In essence, Sage preaches the Gospel of how Brokers should suck it up and No Party No Foul. HUD continues to remain silent as Rome burns down all around. What would you expect, though, in an Election Cycle?!

Here is the chat that Sage allowed and then cut short

  • Lisa Rupinski

    Will we be hired by new Contractor?
  • Marie Day

    How long is the transition period expected to be?
  • Norma Lefkovitz

    Who is the new contractor going to be?
  • jennifer ruspini

    Is that it?
  • Sage Acquisitions

    We will be sending out transition instructions on your current inventory based on step to ensure you have every opportunity to retain and close your listings
  • Dan Kildea

    Jennifer, that is it….
  • Sage Acquisitions

    The new contractor will be BLB Rources
  • Tammy Senkewitcz

    Can anyone hear anything?
  • Adrienne Marquette

    what is 3p
  • Marie Day

    If we have properties under contract, will we still be the LLB for those closings?
  • Dan Kildea

    they are off the video now, only on the chat
  • Tara Roy, REALTOR

    Should we discontinue required tasks in SUGAR?
  • Sage Acquisitions

    BLB will be afforded the opportunity to select their listing brokers we will however seek instructions from HUD to see if they will request that our brokers retain their listings
  • Marie Day

    Who should we direct any questions to in 3P, possibly the project manager?
  • Tiger Woods

    [message delete
  • Sage Acquisitions

    3P is the market known as NY, NJ, CT, ME, MA, NH, VT, RI
  • Tammy Senkewitcz

    way to stay positive Tiger
  • Sage Acquisitions

    We will follow the announcement with formal notice and where to direct questions
  • Ivan Kiyatkin

    Thank You
  • Sage Acquisitions

    Please continue to perform your Sugar tasks as it is necessary to service your listings with Sage
  • Sage Acquisitions

    Sage will retain the listings over the next 60 days as properties transition to new contractor by step
  • Ivan Kiyatkin

    Would it be possible to add 5P to my SUGAR account/profile?
  • Harriet Robertson

    Will this change our status
  • Sage Acquisitions

    Good Morning
  • Dee Wood

    Good Morning
  • Jonathan Allen

    Good Morning
  • Ed Villeda

    Good morning fellow HUD agents
  • Frank D

    Good Morning Everyone
  • griselle.carusoneapt.com

    Ed, you are the best buddy
  • Kaerus Property Group, LLC

    good morning
  • Gene Shklover

    Good morning!
  • Marie Day

    Good morning
  • Vivian Ruggeri

    Good Morning
  • richard thackston

    Good morning
  • Victor Bolanos

    Good morning!
  • EXIT Golden Realty Group

    good morning
  • jennifer ruspini

    Good morning
  • Tammy Senkewitcz

    Good morning
  • Michael Calabro

    What happens to our current inventory?
  • Lisa Rupinski

    Will we be hired by new Contractor?
  • Marie Day

    How long is the transition period expected to be?
  • Norma Lefkovitz

    Who is the new contractor going to be?
  • jennifer ruspini

    Is that it?
  • Sage Acquisitions

    We will be sending out transition instructions on your current inventory based on step to ensure you have every opportunity to retain and close your listings
  • Dan Kildea

    Jennifer, that is it….
  • Sage Acquisitions

    The new contractor will be BLB Rources
  • Tammy Senkewitcz

    Can anyone hear anything?
  • Adrienne Marquette

    what is 3p
  • Marie Day

    If we have properties under contract, will we still be the LLB for those closings?
  • Dan Kildea

    they are off the video now, only on the chat
  • Tara Roy, REALTOR

    Should we discontinue required tasks in SUGAR?
  • Sage Acquisitions

    BLB will be afforded the opportunity to select their listing brokers we will however seek instructions from HUD to see if they will request that our brokers retain their listings
  • Marie Day

    Who should we direct any questions to in 3P, possibly the project manager?
  • Tiger Woods

    [message deleted]
  • Sage Acquisitions

    3P is the market known as NY, NJ, CT, ME, MA, NH, VT, RI
  • Tammy Senkewitcz

    way to stay positive Tiger
  • Sage Acquisitions

    We will follow the announcement with formal notice and where to direct questions
  • Ivan Kiyatkin

    Thank You
  • Sage Acquisitions

    Please continue to perform your Sugar tasks as it is necessary to service your listings with Sage
  • Sage Acquisitions

    Sage will retain the listings over the next 60 days as properties transition to new contractor by step
  • Ivan Kiyatkin

    Would it be possible to add 5P to my SUGAR account/profile?
  • Harriet Robertson

    Will this change our status
  • Harriet Robertson

    We have to start all over
  • Ronald Rudolph

    are the assets that are under\ contract going to close?
  • Sage Acquisitions

    To answer Ivan, we will have to look at states, coverage in the area of interest and performance in your 3P states.
  • Tiger Woods

    [message deleted]
  • Ivan Kiyatkin

    OK thank you. who can i email for that?
  • Lisa Rupinski

    Thank you~
  • Sage Acquisitions

    Yes, we will work to close all active contracts prior to the transition
  • Realtor Gloria

    Are the listings already under contract going to close?
  • Sage Acquisitions

    We have added an entire team to exclusively work 3P during the transition on closings
  • Realtor Gloria

    What if those deals have title issues, will the new company deal with that?
  • Marie Day

    Has Sage notified selling agents and BSCAs of properties under contract yet?
  • Sage Acquisitions

    Title issues are not resolved by the asset manager they are handled by the mortgagee compliance manager and will continue to the next AM to work with MCM
  • Sage Acquisitions

    Sage will formally notify all industry partners as well and let them know the day to close prior to the transtion
  • Sage Acquisitions

    Our goal is to close everything possible to prevent buyers having to be caught in a transition
  • D jeepgirl

    What about extensions that have been submitted and have not net been answered?
  • Amanda Bruen

    What about assignments that just got distributed? Will those remain with Sage?
  • Sage Acquisitions

    Extensions are currently being responded too within 2 business days. The transition has no impact on this
  • Lisa Rupinski

    So no time frame is set up as of yet? Business as usual until told otherwise?
  • Sage Acquisitions

    Yes Lisa that is corredct
  • Tara Roy, REALTOR

    Should we expect that there will be no new listing assignments from Sage moving forward?
  • Ronald Rudolph

    closings have been really difficult to get to the closing table. we’ve had folks waiting for days after scheduled settlement day
  • Lisa Rupinski

    Thanks, sorry to hear.
  • D jeepgirl

    We have submitted an extension on 9-19 and have yet to get an answer
  • Sage Acquisitions

    We will publish all the dates to expect the end of new assignments, transition of active listings, and transition of executed contracts
Paul Williamshttps://foreclosurepedia.org
Linux addict buried deep in the mountains of East Tennessee.

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