Property Services
For properties that become real estate owned (REO), a solid renovation strategy could help yield greater returns and faster sales. Maximizing your potential returns requires getting a handle on the property condition, accurate costs and working with a proven partner.
As handyman, locksmith or other service provider, are you looking to add property preservation work to your portfolio? Welcome to Property Preservation 101. We’ll explore why the work is important, how it can help your business grow and what you’ll need to focus on to be successful in property preservation.
The vacant property registration (VPR) process is one aspect of property preservation that may seem insignificant at first glance. But VPRs can cause headaches and trepidation for many servicers, as small fines compound into major penalties—sometimes on a daily basis. It’s important to understand what vacant property registrations are, the risks related to managing them and why you should work with a property services partner with VPR expertise.
A proactive and reliable property preservation partner is critical for mortgage servicers. Why? Because the clock is always ticking, and time is money. With tight FHA conveyance timeframes, finding a partner that understands HUD processes is essential.
Spurred on by the pandemic and the housing boom that preceded it, the rise of hybrid appraisals was an attempt to modernize the process. Here's what you need to know about this appraisal type.
Property preservation comes with its share of risky situations. But working with a trusted partner can help you reduce the chance of fines and violations. Here are three important ways a property preservation services partner can be your ally—and what to look for when choosing one.