Notice to Draw Inspectors... DDN has left the building.

[Richard A. Moran, 2nd]

Got word from another draw company that DDN has closed up shop. Too many lawyers....

Dick

[Christopher Currins]

From DDN, Due to the continuing decline of the construction markets, government intervention in the foreclosure process, and frivolous lawsuits filed against the company, DDN Services has ceased operations effective today

[Tim C. Howell]

Dick,
what exactly does a Draw Inspection cover?? New on the block

[aiannuzzi]

Got the email today They got me for 2 draws and 3 REOs

Does any body know who is taking over there clients?

[Greg Keene, CPI]

I got an email from Draw Request seeking info on the lenders DDN was servicing - they want a list so they can go after them and then call us again - At least someone is trying -
Re-read the email - they are NationwideLoanInspections.com

[mivie]

Originally Posted by gkeene

I got an email from Draw Request seeking info on the lenders DDN was servicing - they want a list so they can go after them and then call us again - At least someone is trying -
Re-read the email - they are NationwideLoanInspections.com

I do work for Nation Wide. Good company.

[Richard A. Moran, 2nd]

Yep Jim at Nationwide is a good guy. He was the one who called me on the way into DC to do an Inspection for DDN.

By the way, a draw inspection is a completion inspection done for banks before they send out money to a builder/owner. The bank and the builder agree on a schedule of work such as foundation, rough-ins, drywall ect. The inspector goes to the site and checks each line item and determines if any work has been done and what %. It is backed up with pictures. Once the inspection is done you go to the inspection company web site and upload the pictures and results. Not real hard but can be tricky with remodels or really big homes.

[Frank M. Carrio, CMI]

They knew that they were going broke as of last April. One poor guy just sent in his report this morning and will never see a dime.

Another said that they owe him $2,400.00, another got screwed for over $3,000.00!

See these threads.

http://www.nachi.org/forum/f2/ddn-shuts-down-46125/

http://www.nachi.org/forum/f13/40-draw-inspection-ddn-digital-draw-network-anyone-make-more-20281/

http://www.nachi.org/forum/f13/ddn-shuts-door-46122/

[Dale L. Staben]

Originally Posted by aiannuzzi

Got the email today They got me for 2 draws and 3 REOs

Does any body know who is taking over there clients?

I spoke to Cocamar yesterday and they are trying to pick up any they can find. I work for them Site check and Lease Inspection. They are into me fo about 170.00 so I am not hurting too bad.

[Dale L. Staben]

Originally Posted by gkeene

I got an email from Draw Request seeking info on the lenders DDN was servicing - they want a list so they can go after them and then call us again - At least someone is trying -
Re-read the email - they are NationwideLoanInspections.com

Only problem is I can't figure out from my login who the clients are or I would compile a list

[Richard A. Moran, 2nd]

Based on my knowledge, Trinity was the other company of record for one of the large banks that used DDN. I received an inspection this morning from NLI that I had done previously for DDN so the business will not go undone.

[Frank M. Carrio, CMI]

Originally Posted by dstaben

Only problem is I can't figure out from my login who the clients are or I would compile a list

Most of us cut out the "Middle Man".

We go straight to the GC and or the Bank and get paid $225.00 to $150.00 for the same inspection.

[Michael Larson]

Originally Posted by fcarrio

Most of us cut out the "Middle Man".

Frank, How could you know that?

We go straight to the GC and or the Bank and get paid $225.00 to $150.00 for the same inspection.

Great but not all markets are the same.

[Frank M. Carrio, CMI]

Quote:
Originally Posted by fcarrio
Most of us cut out the "Middle Man".

Frank, How could you know that?

We go straight to the GC and or the Bank and get paid $225.00 to $150.00 for the same inspection.

Originally Posted by mlarson

Great but not all markets are the same.

How do I know this?


As President of the New Hampshire state chapter of NACHI, I have a lot of interaction with inspectors from all parts of the state.

[Michael Larson]

Frank don't be evasive.

You did not answer how you know that "most" inspectors "cut out the middle man"