This is a public service announcement. Foreclosurepedia exists to protect Labor in the mortgage field services industry, and that mission means telling you plainly when a company is a documented risk to your paycheck. 24 Asset Management is that company. If you are a Field Service Technician or inspector considering work under this name, or under its HUD Management and Marketing (M&M) Field Service Manager (FSM) contract, read this first.
The Name Behind the Name
24 Asset Management is run by Eduardo San Roman out of Miami, Florida. Before 24 Asset Management, San Roman along with Lee Mertins, were connected to Assero Services, a company that collapsed owing Labor close to one million dollars. Assero never filed bankruptcy. It simply wound down, and the same principals resurfaced under a new name at the same address. A basic Florida corporate records search confirms the overlap. Foreclosurepedia has documented this lineage for years, and the pattern has not changed.
Bounced Checks, Fraudulent 1099s, and a Refusal to Pay
Foreclosurepedia has reported, with documentation, checks issued by San Roman that bounced after Labor deposited them. We have reported instances where money owed to FSTs and inspectors was never paid, yet was recorded as paid on IRS Form 1099 filings sent to both the IRS and the victims themselves. That is not a late-payment problem. That is fraud, and it puts the burden of proving non-receipt on the worker at tax time, not on the company that never sent the money.
The Firm Registry currently carries an active NON-PAYMENT flag against 24 Asset Management, with documented cases across the country. Bounced checks and mechanics liens are on record. Vendor forums report payment delays running 75 days or longer when payment arrives at all, and multiple contractors describe being onboarded without a payment terms sheet, an ACH authorization form, or a HUD pricing sheet — the baseline paperwork any legitimate vendor relationship starts with.
HUD Knew, and HUD Kept Paying
Here is the part that should concern every FST and inspector in this industry, not just the ones already burned. 24 Asset Management holds ten HUD M&M FSM 3.12 award areas. Foreclosurepedia raised these concerns with HUD directly, early, before the non-payment pattern metastasized. HUD’s Acting Deputy Director of Procurement at the time, Craig Karnes, declined to remove 24 Asset Management from its awardee status. The stated rationale was that San Roman may control Assero without having personally directed its financial decisions — a distinction that collapses the moment you look at his signature on the bounced checks.
A federal award does not mean a company is safe to work for. It means a company cleared a procurement process. Those are not the same thing, and Labor pays the price for conflating them.
The Broader Danger: HUD M&M FSM Post-Conveyance Work Generally
24 Asset Management is not an isolated bad actor operating in a clean system. It is a symptom of how HUD M&M FSM post-conveyance work is structured, and every FST or inspector taking these orders should understand the exposure before accepting a work order.
Post-conveyance preservation work under the M&M FSM contract sits at the bottom of a long chain: HUD to the FSM awardee, awardee to subcontractor, subcontractor to the person actually cutting the grass or winterizing the property. Every link in that chain can take a cut and push payment timelines further out before the money ever reaches Labor. When the awardee at the top is undercapitalized, slow-paying, or outright fraudulent, there is no faster path up the chain to recover what you are owed. You are the last stop, and you absorb the risk that every party above you declined to carry.
Before you accept a HUD M&M FSM post-conveyance work order from any awardee, do the following:
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- Get the paperwork first. A payment terms sheet signed by the awardee or refuse the work.
- Never accept a verbal work order. If it is not in writing, it does not exist when you need to prove what you were promised.
- Check the Firm Registry. Foreclosurepedia tracks flags across nationals, regionals, and order mills for a reason. If a company carries a NON-PAYMENT or BANKRUPTCY flag, treat every dollar owed as a dollar you may have to fight for.
- Document as you go. Photos, timestamps, signed work orders, and delivery confirmation on every invoice. If you end up filing a mechanics lien or a HUD complaint, this is the record that makes or breaks it.
- Know where to escalate. Complaints against a HUD M&M FSM awardee can be filed directly with HUD at [email protected] — Put the awardee’s name in the subject line and attach your documentation. HUD’s history of acting on these complaints has been inconsistent, but a paper trail matters if litigation or a class action follows.
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Do not let a HUD contract substitute for due diligence. As the 24 Asset Management case shows, HUD has kept a documented non-payer on its awardee list. The award is not a guarantee. It is a name on a list.
The Bottom Line
Labor built this industry with unpaid overtime, out-of-pocket supplies, and trust that a signed work order meant a paycheck. 24 Asset Management has broken that trust repeatedly, on the record, while continuing to operate under a federal contract. HUD has continued to protect Fast Eddie and 24 Asset Management. Foreclosurepedia is not telling you this to generate clicks. We are telling you because the next unpaid invoice with San Roman’s name on it could be yours, and because the HUD M&M FSM system that let this happen has not fixed itself.
Protect yourself. Document everything. And think twice before you sign.
Foreclosurepedia exists because readers, workers, and advocates understand that protecting Labor in the mortgage field services industry requires independence, persistence, and resources. If you have been affected by non-payment from 24 Asset Management or any HUD M&M FSM awardee, contact Foreclosurepedia with your documentation.
