About Me

Name:Bill Cherry
Biography
Loading...

Create Your Own Blog Find Other Townhall Blogs

Comments

Archives

Blog Search

Blog Roll

 

TEXAS POWER HAS LOST ME, By Dallas Realtor Bill Cherry

Texans’ arms were seriously twisted and they gave into the idea that deregulating the state electricity providers would bring better rates and better service than they were used to with the single, state-regulated franchise method.

 

I recall sitting in a Rotary Club meeting of 200.  The guest speaker was trying to convince us deregulation would be a good thing.  When he finished, I stood up and asked for a show of hands of the members who agreed.  Not one hand went up.

 

As it turns out, apparently just as the Rotary members speculated, rates and service have gone in the opposite direction.  Since January 2008, the state utility commission reports that it has processed 3,168 customer complaints. 

 

There are some thirty-seven providers with TXU having the most customers.  The commission shows that it has received 1,037 about it and its practices.  Texas Power is fifteenth on the list, and the commission has heard from forty-one of its customers.  I don't know what this means except that apparently a lot of people were dissatisfied enough to write the state a complaint letter.

 

Because my wife and I were dissatisfied with TXU, we decided to support one of KSKY-AM’s advertisers and change our service to Texas Power.  We’ve been dealing with them for about six months, and since I’m the bill payer of our family, I am ready to dump them.

 

Texas Power uses a bank box located in Dallas.  Most businesses that have large numbers of payments coming to it through the mail use a bank box.  The idea is quite simple. The post office box where you mail your check and payment stub is emptied everyday by the bank.  For a fee to the vendor, the bank updates your account with the vendor's customer, and clears your check.

 

Three months in a row, I mailed our check to the DAllas bank box the day after we got the bill from Texas Power.  Three months in a row, the check was apparently not processed by the bank until after the delinquency date.  We're talking about two weeks or so.  My checks to other vendors at their lock boxes cleared quickly.  Not Texas Power's/

 

But it gets even more perplexing.  Three months in a row, my check to them had cleared my account at my bank, so Texas Power was paid, yet a day or two afterwards, they sent me a letter threatening to turn off the service.

 

So this month, our bill jumped about 63% over the previous month.  No explanation.  It just did.  My wife called to ask that we be transferred to an accounting that would allow us to pay an average year around.

 

“Nope, can’t do that until you’ve been a customer for a year,” the person said, even though our payment records with both TXU and Texas Power are easily available.

 

So Texans are putting pressure on their legislators to go back to individual franchises and regulated rates.  And these birds don’t seem to understand that not staying on top of service to their customers is nailing their coffins shut.
 
Next week, I'm going to move our account from Texas Power to another company. I doubt it will help.  You see, it is unhealthy for any business to be a menopoly or a member of a subset of a menopoly
Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive

GOVERNMENT FANS FORECLOSED HOME LOAN MISMANAGMENT

Lenders are repossessing homes right and left, and many of those pass to FHA or one of the other governmental secondary market lenders for them to dispose of.  That's because the loans were sold to them by the originating lender or mortgage broker.

 

As a result, an opportunist industry has developed.  You see, rather than dole out the listings of these properties to licensed real estate brokers and agents on a lottery system, through some magic, only certain agents have gotten the majority of the listings. 
 

There are any numbers of those specially treated agents in Dallas.  I am familiar with three companies that have “teams” (a euphemism for a business within a business) composed of about six people, each whose total business is listing and managing foreclosed properties for the government.  One has so many of these listings that they don't bother to answer or return the phone calls of buyers. 

 

Just think, when some 14,000 agents in the Dallas and Ft. Worth area and where many are scratching to make a living, our government is consciously making the select few rich.  And there's no way to lose one of those listings because it will eventually sell at some price.

 

And if that isn’t bad enough, it is obvious that the government has no audit procedure in place to see that these listings and sales are handled on the up and up.  Many aren't. 
 
I was involved as a co-op broker in one such listing.  My client’s contract was not accepted even though my client offered full price and immediate closing.

 

Why?  It was obvious to me that before the listing hit the MLS, the listing agent had already cut a side deal as to whose contract would be accepted. 

 

Real estate has had a propensity for dishonest dealings since the beginning of time.  I have a right to say this because I have been an active broker for forty-three years.  The government has once again fanned the flame of deceit.
 
BILL CHERRY, REALTORS
DALLAS
1 800 314-7110
 
Email ItEmail It | Print ItPrint It | CommentsComments (0) | TrackbacksTrackbacks (0) | Flag as offensiveFlag as Offensive
« Previous1Next »