Property Preservation, HUD Regulations and REO Property Preservation




Posted by Terry Platt

Can I include a trip charge fee for the drive time to property sites?

A trip charge is allowed only when traveling to a property in order to submit a bid. Travel to the property for work is not allowed because HUD regulations state that all of these expenses are included in the fee for the work.

Some of the greediest companies actually will subtract a previously approved trip charge payment from the fee paid on work you completed as a result of submitting the original trip charge and bid.

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