Housing sales data for the 2010 second quarter in the U.S. showed fewer distressed properties and foreclosed homes at auctions accounting for total residential property sales. According to market analysts, this is partly due to the federal government's tax credit program which also contributed to the increased number of residential sales for the quarter.Foreclosed Homes at Auctions Account for Fewer Sales in Second Quarter is a post from: News of Foreclosures - Read more about how does foreclosure work. - 16 hours ago
A big part of existing home sales in the U.S. for August 2010 was accounted for by repossessed properties and distressed residences. According to the National Association of Realtors, the market for existing residential properties posted increased sales for the month with an estimated 7.6% rise compared with previous month's data.Distressed and Repossessed Properties Account for Big Part of Sales is a post from: News of Foreclosures - Read more about how does foreclosure work. - 7 days ago
Unsure of whether they will still have a job by next day, most sellers and buyers of REO homes for sale and other types of residential properties are afraid to make a decision on whether to buy, sell or wait. For the unemployed, the main concern is for how long they will remain so and whether they will even find a job.Unemployment Fosters Reluctance Among Buyers of REO Homes for Sale is a post from: News of Foreclosures - Read more about how does foreclosure work. - 2 weeks ago
Results in the coming midterm elections in the U.S. will depend on a number of factors, not least of which is the issue of lists of foreclosures. According to political and economic analysts, foreclosures will affect the 2010 elections even more so than in 2008 since the number of foreclosed properties is higher now than it was two years ago.Lists of Foreclosures Expected to Affect Midterm U.S. Elections is a post from: News of Foreclosures - Read more about how does foreclosure work. - 2 weeks ago
In many of the communities in your local area you probably have noticed a huge number of foreclosed homes for sale, this is due to the high number of evictions and foreclosure notices going out on a weekly basis, the homes being affected are not just the one in poor or middle class neighborhoods, foreclosures are being seen in high income, rich neighborhoods as well with million dollar foreclosed houses on the market needing to be cleaned for resale.
Lenders are the ones that must decide how they are going to handle all these vacant foreclosed homes which will need to hire companies who can do the cleaning up, cleaning out , demo or cleaning of foreclosures.
City officials are able to use federal funds to help get communities cleaned up, so if you are a foreclosure cleaning company what you will find is that the U.S. Department of Housing and Urban Development is putting up millions of dollars in grant money for cities to buy and rehabilitate, foreclosed real estate which is not just single family homes it also includes rental properties and commercial properties are going into foreclosure as well and will need to be cleaned so
if you offer foreclosure cleaning services you will have plenty of work for your foreclosure cleaning business, because local cities have money for clearing out and maintaining foreclosed properties.
foreclosure cleaning servicesMost foreclosure cleaning services offer one type of specialty such as lawn care, mowing, fixing locks and changing out broken windows, while others only handle the dirty jobs so what ever the foreclosure cleanup job takes you do you think it would be better to be a all in one all purpose foreclosure cleaners, well first lets look at the pros and cons of doing that.
You will have to consider that when cleaning out foreclosed homes is going to take a lot of man power,
if you do not have the money to hire a large crew to help you, as well as starting a cleaning business will require that you have the proper license and insurance,
if you have employees you will need to provide them with the right amount of insurance, can you handle large jobs that require up to a week worth of clean up, these are just a few of the things that you will need to consider
if you want to start cleaning foreclosure properties, cleaning out and maintaining foreclosures gives you the flexability and a opportunity to provide a niche service, by specializing you can perfect that area of the cleaning foreclosed homes business,
it is important when dealing with competitors who are also offering the same services as you, because it is necessary to be able to stand out and be the one that the mortgage lenders and real estate agents are calling for your foreclosure trashout business.
Some ways that you can stand out and be different as a foreclosure cleanup company, in todays economic climate the best part of cleaning foreclosed homes is that it is lucrative, to really capitalize on this business you will need to have a marketing plan, using a flyer is a good way to have your name out there especially if you are contacting agents for big or little jobs for your foreclosure cleaning company, using a catchy headline and keeping the main body of the text to the point here is where you can show that you specialize in a certain area of foreclosure clean out jobs.
The best way to do this is to show you potential clients what benefits you can offer compared to your competition, is how you will show that you will get the foreclosed homes cleaned, repaired and painted so that they will be ready for resale quickly.
As you are probably aware foreclosure loan modification services are trying to help homeowners who are facing foreclosure to not lose their homes, most of these programs are not working and it those with subprime mortgages are also facing a hard economic mortgage crisis that will not see itself getting better anytime soon,
Fixed Rate Mortgages
Those who have fixed rate mortgages are also feeling the pinch and they are defaulting on their homes in record numbers, for those who clean foreclosures for a living it provides them with more work than they can handle this growing cleaning business allows those who want to be self employed a way to own a business that requires little cost startup money.
The income profit level is really high and the opportunity for growth is continual for those interested in the industry of REO's
Re-Secure
Under this REO asset management service, you will be required to change the locks at the property to the key code according to the regulatory requirements for the loan type, unless otherwise instructed. For loan types with no applicable regulatory guidelines, the HUD specifications, and the HUD pricing schedule, need tobe followed.
Debris Removal
This property preservation service authorizes you to remove interior, exterior or hazardous debris at the property as authorized by client request or the regulatory specifications for the loan type. If the debris for any loan type, cannot be removed for the published reimbursable fee, an estimate will need to be provided.
Lawn Maintenance
The necessary lawn maintenance to maintain the property's appearance, prevent further degradation to the grounds and relieve the property of any existing or potential violation of local ordinance. Such as with lawn cutting, mowing the lawn, weeding, edge trimming, sweeping of all paved areas in the case of sidewalks, driveways, patios, and removal of all lawn clippings, related cuttings and incidental debris. The disposal of all clippings and incidental debris is removed in compliance with jurisdictional requirements.
Winterizations
Your job as an independent contractor will be to winterize the plumbing at the property, to prevent freeze damage, according to the regulatory requirements for the loan type and if the work cannot be completed for the applicable regulatory price, an estimate will need to be provided to complete the winterization.
Emergency Maintenance
It will be necessary to perform the necessary maintenance to maintain the property's appearance, prevent further degradation to the grounds and relieve the property of any existing or potential violation of local ordinance. As with any property preservation order, the HUD specifications, and the HUD pricing schedule, need to be followed.
How you can be on your way to other potential money makers, business is booming for those who see the current real estate crisis as a booming opportunity, and if you are once of those that see yourself starting a cleaning foreclosed home business than here are some of the types of areas you can expand your cleaning service
Start a business as a Lawn Painter
One is with working as a lawn painter, you may be wondering how that relates to foreclosure properties well it is basically that many of the abandoned homes have deserted lawns, with the grass turning brown and for a quicker turn around for resale many property managers will like to have green grass fast.
Start a Landscaping service
Landscaping services cost more as well as takes time for the grass to grow, Starting your own grass painting service you can offer to provide along with your foreclosure cleaning business.
Start a Cleaning Pools Service
Cleaning pools is another area that you can offer your services, because many of the abandoned homes also have unattended pools that need to be drained from a pool cleaner.
Start a Trash-outs and Hauling Service
Trash outs and hauling away unwanted items left behind is another area that is in great demand that foreclosure cleaning companies provide.
Start a Boarding up and Securing Service
Boarding up and securing the home requires a locksmith and you can hire subcontractors to do this work for you foreclosed homes are in danger of being vandelized and so they need to have broken windows fixed and boarded up for safety.
Starting a foreclosure cleaning businessHow you can be on your way to other potential money makers, business is booming for those who see the current real estate crisis as a booming opportunity, and if you are once of those that see yourself starting a cleaning foreclosed home business than here are some of the types of areas you can expand your cleaning service
Start a business as a Lawn Painter
One is with working as a lawn painter, you may be wondering how that relates to foreclosure properties well it is basically that many of the abandoned homes have deserted lawns, with the grass turning brown and for a quicker turn around for resale many property managers will like to have green grass fast.