Property Preservation Industry Outlook and Addressing the REO / Pre-Foreclosure Process

Property Preservation Industry Outlook and Addressing the REO / Pre-Foreclosure Process

 

 

 

Kellie Chambers, AVP Investor Relations for Safeguard Properties, LLC, spoke with DS News during the Five Star Conference and Expo to discuss the challenges facing the pre-foreclosure process as well as the future of property preservation.
As AVP Investor Relations, Chambers leads investor facing operations including over allowable requests, extension requests, reconveyance resolution, and review of new guidelines and regulations. She works to ensure operational controls, monitoring, and client and supplier communications are in place for investor guideline compliance. Chambers also manages Safeguard’s quality assurance resolution teams to ensure compliance with HUD guidelines and conveyance standards.
Source: http://www.dsnews.com/daily-dose/10-21-2016/addressing-challenges-pre-foreclosure-process

 

__________

See newer job postings, gleaned from various websites, at the current job posting immediately above and at http://www.foreclosure-cleanup-blog.com/?page_id=9017.

Thank you for your patience as we work to update the foreclosure cleanup blog job postings and property preservation blog content.

 

Note: **We are not affiliated with any of the companies listed. These listings are provided for informational purposes only. Please contact companies directly. 

Related Industry Products:

Best Value: 2016-2017 Foreclosure Cleanup Business in a Boxhttp://www.e-junkie.com/stonecottagebooks/product/508962.php

2016-2017 Foreclosure Cleanup Business in a Boxhttp://www.e-junkie.com/stonecottagebooks/product/508962.php

Get the 2015-2016 Property Preservation Companies Directory,
Amazon (Kindle Version):  http://www.amazon.com/dp/B0134FB66O
e-Store (PDF Version):  http://tinyurl.com/oxjxvxv
**(Use discount code “socialmedia” for discount in our PDF store)**
Related Book: How to Start a Foreclosure Cleanup Business (Property Preservation Industry Start-up Guide, Original Edition)http://www.amazon.com/dp/B004FGN7O6 / Latest 2016-2017 Edition:  https://www.amazon.com/dp/B019E3JT96
Original Edition)http://www.amazon.com/dp/B004FGN7O6 / See Latest 2016-2017 Edition Below:  https://www.amazon.com/dp/B019E3JT96

Latest 2016-2017 Edition:  https://www.amazon.com/dp/B019E3JT96

__________

About Foreclosure Cleanup, LLC:

Our company provides books, reports and forms for the foreclosure cleanup, trashout, and lawn maintenance industries.  See http://www.e-junkie.com/stonecottagebooks.


Class Action Challenges to BPOs and Property Inspections on the Rise

Class Action Challenges to BPOs and Property Inspections on the Rise

If your company handles BPOs or REO inspections, find a newsworthy industry reading  post below:

Summary: Per an article on DS News, “Lenders take a variety of measures to protect the value of their collateral when borrowers default on residential loan payments.  Recently, plaintiffs have filed a series of class actions lawsuits across the country targeting these practices.”  Read the full article at http://tinyurl.com/gmtjje4.

Source: DS News

(Added to the Real Estate Services Contracting Blog October 15, 2016)

__________

**IMPORTANT DISCLAIMER

Use the job listings on other pages of this blog (posted previously) as invaluable resources to get a solid “idea” about the types of jobs and contracts you can secure in the trashout industry for your company.  See newer job postings, gleaned from various websites, at the current job posting immediately above and at http://www.foreclosure-cleanup-blog.com/?page_id=9017.

Thank you for your patience as we work to update the foreclosure cleanup blog job postings and property preservation blog content.

 

Note: ** Job listings post on this blog are provided for informational purposes only. Please contact companies directly. We are not affiliated with any of the companies listed. Good luck to you! 

Related Industry Products:

Best Value: 2016-2017 Foreclosure Cleanup Business in a Boxhttp://www.e-junkie.com/stonecottagebooks/product/508962.php

2016-2017 Foreclosure Cleanup Business in a Boxhttp://www.e-junkie.com/stonecottagebooks/product/508962.php

Get the 2015-2016 Property Preservation Companies Directory,
Amazon (Kindle Version):  http://www.amazon.com/dp/B0134FB66O
e-Store (PDF Version):  http://tinyurl.com/oxjxvxv
**(Use discount code “socialmedia” for discount in our PDF store)**
Related Book: How to Start a Foreclosure Cleanup Business (Property Preservation Industry Start-up Guide, Original Edition)http://www.amazon.com/dp/B004FGN7O6 / Latest 2016-2017 Edition:  https://www.amazon.com/dp/B019E3JT96
Original Edition)http://www.amazon.com/dp/B004FGN7O6 / See Latest 2016-2017 Edition Below:  https://www.amazon.com/dp/B019E3JT96

Latest 2016-2017 Edition:  https://www.amazon.com/dp/B019E3JT96

__________

About Foreclosure Cleanup, LLC:

Our company provides books, reports and forms for the foreclosure cleanup, trashout, and lawn maintenance industries.  See http://www.e-junkie.com/stonecottagebooks.


 

A Changing Foreclosure Cleaning Industry: The New Property Preservation Model


 

Article:  A Changing Foreclosure Cleaning Industry:  The New Property Preservation Model

 

The property preservation industry, which is commonly referred to as the “foreclosure cleanup” or “REO trash-out” industry, has changed considerably over the last several years.

 

When the foreclosure crisis first gripped the housing industry, a plethora of mom and pop, grassroots-type contractors sprang up.  Many successfully handled a myriad of trash-out duties for REO and asset management companies across the United States.

 

Several “national” outfits were also in the mix as key players in the property preservation food chain.

 

Entities such as Safeguard Properties, Cyprexx Services, LLC, Five Brothers, and the like — some of whom were, and many of whom still are — acted as direct arms of HUD (“The United States Department of Housing and Urban Development”).

 

These larger companies utilized smaller companies as, in essence, frontline vendors and subcontractors to handle duties such as grass cutting, window and door boarding, property inspections, debris removal, winterizations, gutter cleaning, painting, window repairs, etc.

__________

See newer job postings, gleaned from various websites, at http://www.foreclosure-cleanup-blog.com/?page_id=9017.  Thank you for your patience as we work to update the foreclosure cleanup blog job postings and property preservation blog content.

__________

 

Work was often performed on vacant homes that had in many instances been abandoned by homeowners who had received foreclosure notices from banks.

 

Work Orders Poured In

 

Work orders poured in, and many subcontractors had to bring on their own subs to help handle the overflow in the beginning.

Foreclosure Backlogs Equaled More Money

 

As litigation and red tape spiraled out of control, in large part due to the MERS fiasco and similarly deemed “unethical” practices, a great number of foreclosures were stalled in their tracks, and volume increased even more for the small foreclosure cleanup business.  As such, the need for foreclosure cleanup businesses and trash out companies kept flourishing.

 

As a result, these smaller contractors made a ton of money in the property preservation and foreclosure cleaning industry at the height of the mortgage crisis.

 

A Changing Industry

 

“However, fast-forward five to seven years, and its evident the industry has changed, exponentially,” states Cassandra Black, the author of the first edition of How to Start a Foreclosure Cleanup Business, an Amazon Best Selling property preservation guide.

 

The New Property Preservation Model

“Things have changed so much, I knew it was time to pen an updated version of that first book,” Black continues.   “I’ve updated it so mortgage field services businesses can learn how to maneuver successfully and profitably within what has really become a  new property preservation model.”

 

Disgruntled Foreclosure Clean Up Business Owners

 

Black went on to point out that her research is filled with disgruntled foreclosure clean-up business owners, many of whom are keen veteran industry entrepreneurs, airing their grievances.

 

“They appear to be particularly disheartened about ‘the nationals’, almost as a whole, in addition to slim profit margins, questionable chargebacks, apparent unethical insurance requirements by larger contractors, and more.”

 

These complaints have shed a new light on how the industry has changed, specifically over the last several years.

 

Foreclosure Cleanup Businesses Overcoming the Hurdles and Making Money

 

However, Black states that many trash out companies have figured out how to successfully skirt the hurdles.

 

“They have not only targeted new key client bases, but they’ve added a number of new services and implemented necessary policies and procedures that work specifically for their companies — regardless of who they may be aligned with or working for, whether it be on a local, national or regional level.”

 

These savvy entrepreneurs seem to have mastered the art of diversification in an ever-changing real estate and housing market. As such, they are succeeding and turning a profit with the property preservation jobs they service, while keeping an eye toward “evergreen” growth for their foreclosure cleanup businesses.

 

Where to Find the Book: “How to Start a Foreclosure Cleanup Business, 2016-2017 Edition: Property Preservation Industry Guide”

 

The new book, “How to Start a Foreclosure Cleanup Business, 2016-2017 Edition: Property Preservation Industry Guide” can be found on Amazon in Kindle format at http://www.amazon.com/dp/B019E3JT96. The release date is January 20, 2016, but it is available for pre-order now.

 

The title will also be released on Barnes & Noble in NOOK format and in the Stone Cottage Books PDF store.

 

About the Author

 

Cassandra Black is the author of several foreclosure cleanup and field asset services books, guides, reports, and forms, as well as CEO of Foreclosure Cleanup, LLC, a job outsource and online consulting company.

 

She has also written a number of fiction works available on Barnes & Noble and Amazon.  See http://www.amazon.com/Cassandra-Black/e/B005BU7Y44.

 

______________

 

 

Related Publications:

2016-2017 Foreclosure Cleanup Business in a Box, http://www.e-junkie.com/stonecottagebooks/product/508962.php

2016-2017 Foreclosure Cleanup Business in a Boxhttp://www.e-junkie.com/stonecottagebooks/product/508962.php

 

 

How to Start a Foreclosure Cleanup Business, 2016-2017 Edition: Property Preservation Industry Guide”, http://www.amazon.com/dp/B019E3JT96.

 

2015-2016 Master List of Property Preservation Companies Directory, 4th Edition: Foreclosure Cleanup and Real Estate Services Industry Guide, http://www.amazon.com/dp/B0134FB66O

 

How to Market Your Foreclosure Cleanup Business On a Shoestring Budget, http://www.amazon.com/dp/B0083CYEF4

 

How to Start a Foreclosure Cleanup Business (Property Preservation Industry Guide) (first publication) http://www.amazon.com/dp/B004FGN7O6

 

More Industry Publications: http://e-junkie.com/stonecottagebooks


Next Page »