Field Service Reps Mortgage Field Services Companies Commercial Property Inspection Jobs

How to get started with Mortgage Field Services Training

Foreclosure cleanup businesses services 
The foreclosure cleaning business is hard work , if you own a foreclosure cleaning business you will have to bid for contract work or else you will need to contact real estate investors and find out if they have foreclosed homes that they want you to maintain, if so then you can hire a Field Inspector to do the cleaning and hauling of the trash to the dump sites, Find out how you can work at home based inspection, learn how to earn good income and what the field service representative inspection business is all about.
if you are looking to get into the field of property preservation or field service inspection you will need a list of companies that will need your service. Field Inspections and Field Service Companies occupancy determination.Find Field Service Representative jobs in Delaware on Monster Job Search.
Some of the services you will provide is inspection services including commercial property inspection services, residential property inspection services, insurance loss inspection services, manufactured housing inspections, REO Field Services,

10 tips for Some of the various Casualty Loss Inspections

How to Perform Loan Collateral, on-site Property Inspection include:
  • Commercial Property Inspections
  • Commercial Property Inspections
  • Secondary Mortgage Market Investor Diligence
  • Construction Progress Inspections
  • Casualty Loss Inspections
  • Drive-by Field Inspector
As an independent contractor you will be working with large property preservation companies who will need to subcontract out work to handle all the foreclosures that will be hitting the market from acquiring banks.


Experience needed for field Inspectors.

Before you apply to the national companies you will need to make sure that you are able to offer the following things:
Lock changes,Winterization,Debris removal Grass and grounds maintenance,Initial Securing
HUD Conveyance Preparation,Eviction services,Code violation abatement,Repair and Renovation Estimates,Special Services

Top List of Inspector want ads job board

  • Equipment Inspector Needed InWyoming Field Inspector Wanted In Texas Field Rep Needed In Brownsville Vermont Field Rep Needed InMaryland Field Rep Needed In Oregon Field Rep Wanted In Lock Haven Pennsylvania
  • Field Reps Needed In New England Field Reps Wanted in Kinston North Carolina Field Reps Wanted In Montana Field Reps Wanted In Seaford Delaware For Equipment Inspections
  • Canadian Insurance Inspectors Colorado Inspectors Needed Field Reps Wanted In Missouri Field Service Job In Douglas Georgia Field Service Job InMissouri Free Field Inspector Training
  • Field Reps Needed - North Carolina Field Reps Needed - South Carolina Field Reps Needed - Virginia Field Reps Needed - West Virginia

35 Other types of inspections that you will need to be familiar with include:

  • Property Inspection Reports
  • Occupancy Verification
  • REO Occupancy Status Inspections
  • Rush Inspections and Occupancy Verifications
  • Evening Occupancy Verifications
  • Sale Date Inspections
  • Insurance Loss Inspections
  • Natural Disaster Inspections
  • Quality Control & Annual Inspections
  • Photographs
Some will require that you have your own camera as well as transportation and a way to document and record the inspections.

who is hiring field inspectors

standard for property preservation
See all 6 photos
standard for property preservation

Commercial Property Inspection

During inspection you will be required to meet on-site with borrower and/or the borrower's representative to verify;
  • the extent of the casualty damage,
  • cost to repair, the repair schedule,
  • a subsequent on-site inspection to verify the completion status of the casualty curative work
These types of inspections are ordered by banks/lenders and insurance companies.Demand is high for someone who can go by take photos and check on these vacant, boarded up, REO and Foreclosures. As you can imagine it takes much skill and practice to be able to advance into the many other areas of the mortgage industry
Some of the types of inspections you can expect to do are:
  • on site merchant verification for banks or credit card processing companies,
  • residential property inspections for insurance companies or mortgage companies,
  • business verification for companies applying for consumer credit access
  • construction site inspections.
You will be required to fill out field inspection reports can vary from a few yes, no questions and some photos, to a longer more complete report.It is more specifically known as field service, this industry is legitimate, flexible, profitable and can be done from home. You will just be cautious of ads that promise to good to be true claims.

Property Inspection jobs photo

Property Inspection jobs
Property Inspection jobs

site verification inspections

type of inspections
type of inspections

Verification Inspection Types

Once you have determined what type of inspection you will choose to do next you will want to know what the different on site verification inspections include, some are:
Assumption Diligence,
Modification Diligence,
Consent or Waiver Diligence,
Pre-Loan Closing Condition Diligence,
Post Loan Closing Compliance,
Watchlist Threshold Diligence,
Partial Release Partial Reconveyance Diligence,
Verification of Physical Occupancy and much more...
The ideal situation is if you can work at home, this job allows you the flexibility to create your own schedule and get out of the house, field inspection just might be the perfect job for you. Field inspectors complete inspection jobs for mortgage companies, banks and insurance agencies.
Have you decided to offer property inspection services? Are seeking the knowledge you need to complete inspections competently?
Mortgage Field Inspector is needed in the Carrolton, Roopeville,Temple, Rome, and surrounding areas, former real estate appraisal experience helpful but not necessary person must maintain organized work environment and high standard to details.
You may have seen that there is an additional Income Opportunity in field inspection guide, field inspection service for those looking for the Independent Contractor Jobs as well as Jobs for Field Inspectors Mortgage Field Inspector Mortgage Field Service Companies also it is going to be very competitive for other businesses that need Mortgage Field Services to help with Supplemental Income. 

commercial inspection jobs

commercial inspector
commercial inspector

How to get started in working as a commercial field inspector

First you must understand that many field inspection companies do not post open positions on job boards or in the classified section in the newspaper. Thats because all you need to do is sign up with the field inspection companies and they start sending you work orders via email.

Here are a list of some of those companies hiring field inspectors:

  • First American Field Service, offers property preservation services
  • LPS Field Services is a national field service company
  • A-1 Field Services
  • National Field Representatives inc. performs field services for the Mortgage industry
You can determine to either accept or decline those orders based on your own schedule. It is important to note that for most field inspection companies no certifications or special licenses are required.

Tools for performing Field Inspections

First it will be required that you have a computer with internet access,then if you have an email account, a printer,along with a digital camera and transportation.
The benefits of such a job working as a field service inspector is the flexibility to work your own schedule and the opportunity to earn an extra income.Lending, Leasing and Insurance institutions nationwide have vested interests in homes, cars, commercial property, businesses, trucks, RVs, boats, or any entity requiring financing or insurance.
So that is why this field is in demand because these institutions need to have updated and accurate information on the condition of this property continuously the current economic slowdown has opened up more opportunities for field service inspectors because homes and commercial properties that are being refinanced.
All those foreclosed homes that are vacant still require frequently updated photos and reports Lending, Leasing and Insurance institutions nationwide need to have updated and accurate information on the condition of this property continuously. So, these institutions contract out this work to freelance field service inspection representatives all over the country.

perform field inspection

tools needed to do inspections
tools needed to do inspections

Property Preservation Industry Field Service Inspection

Become a field inspector
Become a field inspector

List of Property Preservation Companies

  • American Property Management, Inc.
  • Corporate Asset Management LL
  • Cyprexx Service
  • Default Services, Inc.
  • Field Asset Service
  • First American Field Services
  • First American REO Servicing
  • FirstService Corporatio
  • Five Brothers Mortgage Services
  • Fontaine Inspections Inc.
  • Lender Processing Service
  • LPS Field Services
  • M&M Mortgage
  • Maxim Enterprises
  • Mortgage Contracting Services
  • North American Property Preservation
  • Now Property Preservation
  • REO Allegiance
  • Safeguard Properties Inc
  • Sierra Field Services
  • SingleSource Property Solution
  • Southeastern Asset Services
  • Spectrum Field Services Inc
  • Trinity Field Services
  • Wolverine Real Estate Service

Home Inspection Licensing

Did you know that home inspection has become a standard in the home buying process?
There is no national licensing. Currently, fewer than half the states license or certify home inspectors. Many states have licensing laws or registration requirements for home inspectors. Some states have proposed or pending legislation.
Home Inspector Licensing Requirements and Home Inspection Legislation. Find the latest information on home inspection legislation and regulation in your state. Oldest and largest professional organization for home inspectors in North America. Become a Home Inspector with PHII, offering hands-on distance training and home study classes including mold, pest, radon, and manufactured housing.
The North Carolina Home Inspector Licensure Board (NCHILB) is chartered to safeguard the public health, safety, and welfare - protect the public from being harmed by unqualified persons by regulating the use of the title "Licensed Home Inspector" and by providing for the licensure and regulation of those who perform home inspections for compensation.
Local Home Inspections
The best way to find local home inspectors in your area is to start with the online directories, some that I found to be really helpful is in the inspectorfinders.net site, they have companies listed in the united states.
You can browse through home inspectors by state: Alabama, Alaska, Arizona, Arkansas directory, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan,Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming You can also search by major cities.

You May Also Like:

Broker Price Opinion Companies
Home inspection Appraisals
Insurance Inspection Companies
Comparative Market Analysis Real Estate
Broker Price Opinion Home Appraisal
Field Inspector Jobs
Loan Modification Attorney Lawyers
Loss Mitigation Short Sale
Foreclosure Mediation Broker Price Opinion
Property Preservation Jobs
Repo and Foreclosure Banked Owned Homes
REO Property Preservation

Property Preservation Jobs Search

Find Property Preservation Jobs by State

Many preservation companies provide mortgage field services including property inspections, property preservation, REO property maintenance, and valuation services. These servicers will need to hire sub-contractors to get the work done. 
Some of the types of services that you may be required to do has to do with HUD Conveyance is necessary work required by the regulatory guidelines for the loan type to be complete and the property is in conveyance condition. 
As well as Securing is performed with applicable regulatory guidelines, the HUD guidelines, and fee schedule, will be followed for areas such as changing entry lock or keyway, locking all windows and doors, winterizing to the applicable specification and maintaining the grounds, when in season.
In the case of Lock Change is when the locks will be changed at the property to the key code, by making sure of Re-secure as required the property will be secured according to the regulatory specifications 
Which is good for Secure Pool in which the pool or hot tub at the property that include the decking, screening, pumping water out of the pool, chemical treatment and padlocking the pool gate, that notably with Board to Area Specifications service for any broken windows found at the property will be boarded or re-glazed.
As you can see 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.
It is possible to Lawn cutting includes mowing the lawn, weeding, edge trimming, sweeping of all paved areas (sidewalks, driveways, patios, and removal of all lawn clippings, related cuttings and incidental debris. So with Winterization for the plumbing at the property, to prevent freeze damage,
You will have the opportunity to provide Debris Removal is where independent contractors remove interior, exterior or hazardous debris at the property

Property preservation in Ohio

Banked owned homes has climbed in record numbers, REO, Default notices and foreclosure auctions in Ohio, feature Illinois distressed homes that are some of the most sought after for resale. Investors looking for foreclosure deals online can find properties to buy in which many are sold as is. This is where a property preservation service would come in to take care of the bad roof or faulty plumbing.
Some other things to consider when buying a home from a banks REO department is that foreclosure rates in Ohio are on the rise being the 12th highest in the nation mostly in the Dayton region.
Property Preservation Jobs in Ohio
Careerbuilder features some job listings at Manpower Staffing, the job description is filed under construction, mortgage, insurance. The property Preservation specialist position most likely will require some contractor experience. Ohio foreclosed homes, government foreclosed properties and Ohio bank foreclosures.
Property preservation in GA
Georgia is one of the 5 foreclosure states that have become backlogged in the banks and foreclosure courts, the amount of auctions of REO properties are higher each month with not enough buyers to ease the load.
There are loan default services available from property preservation companies:
Montgomery Maintenance, LLC.
CXI Construction Contractors
Spectrum Home Services, Corp
Nitro Property Clean-up Services, LLC
R&B Vasquez Building Maintenance
2 Men And A Mop, LLC.
Southern Customs of Louisiana, Inc
Montgomery Maintenance, LLC. - Redlands Ca
Carolina REO Services
Property preservation in Texas
Residential foreclosures in texas show a demographic trend among homeowners in default.
D & D Property Presevation
Patriot Property Management LLC
Spotless Services Commercial Cleaning
Polk Property Services
Bloomfield Construction Services, Inc.
T & A Maintenance
NJ Propertys Specialist LLC.
Angles of Faith Services
Andy's Forclosure Clean-up Service
Abreu Realty, LLC
Gs Property Management & Home Improvements, LLC

Property preservation in Michigan

Show Ready, LLC
Integrity Preservation Services, LLC
Prestige Property Preservation
Shipley Property Services
Gateway Realty Service, Inc.
Medcon Contracting & Fac. Svcs LLC
Property preservation in california
Brookstone Management
Bizzy B's Property Clean-ups
Proprep Home Solutions Inc.
Boyette Property Services Inc.
CJM Unlimited Inc.
Yuma Gadget Guy
T. Collins Landscape & Preservation
Property preservation in Maryland
Gulfshore Construction Consulting, LLC
Absolute Property Preservation L.L.C.
Richcou Enterprises, LLC Dba Allgood Property Services
Gulf Coast Preservations Inc
Ryan Property Services, LLC.
Insight Home Preservation, LLC
Dawn Specialty Services LLC
Heartland Environmental Land And Property Preservation
Clear Air Development - Downey Ca
Shore Property Services Inc.

Property Preservation Jobs Search in the News

  • 700-acre Brick farm to be preserved in MedfordMedford Central Record1 second ago
    MEDFORD—The Burlington County Farmland Preservation Program is in the process of acquiring 702 acres of a cranberry farm located on Jackson Road in Medford. Under the program, the land will remain the property of the Brick family while the county will purchase an easement that permanently restricts the Bricks and all future property owners from developing it for use other than farming.
  • Sabine Pass Lighthouse stands tall through agesNew Orleans Times-Picayune108 minutes ago
    Preservation work is planned for Cameron Parish landmark
  • Airport Authority asks for $890,400 in property tax $$North Platte Telegraph1 second ago
    The North Platte Telegraph The North Platte Airport Authority is asking the city council to approve $890,400 in property tax request for the 2010-11 fiscal year, down slightly more than 1 percent from 2009-10.
  • Waqf board handles Muslim rulers' propertyThe Times of India19 hours ago
    The UP Sunni Central Waqf Board (UPSCWB) is a legal body responsible for management, upkeep, preservation and utilisation of properties donated or constructed by Muslim rulers or people from the community for public use.

Property Preservation Companies Hiring

If you are looking for property preservation vendors who are hiring than you will want to check on a website called cubic yard, they have the most updated list I have seen on the web. For instance they have a company called Universal Home Repairs who is now hiring experienced property preservation vendors in all 50 states.
They also have a section called contractors wanted that allows companies looking for workers to post job openings. The mortgage field service industry is growing and seasoned professionals are willing to train newbies on how to make money cleaning and preserving foreclosures and REO's.
Property Preservation Training
The best way to get free property preservation training is to get a mentor who has years of experience in the industry, you will also need to know certain things such as general requirements for preservation and protection of properties securing FHA insured mortgages. It is more involved than just getting paid to clean foreclosures. You will need to learn HUD, VA, and FHA guidelines.
Starting out as a subcontractor you will be able to learn all the various parts of providing this service to lenders in areas such as:
  • Maximum Allowable Cost per Property
  • Property Inspection Service Requirements 
  • Lock Changes and Securing 
  • Boarding Service Requirements
  • Debris Removal Service Requirements
  • Yard Maintenance and Snow Removal
  • Winterization Requirement
Property Preservation Winterization
Companies provide maintenance of utilities and winterization of properties to protect against freeze damage in areas such as utilities, plumbing and heating systems, sump pumps, propane and oil systems, domestic water, wells, hot water heater, steam heat system, radiator vents, and water meters.
The winterization process must include cleaning toilets and draining of all plumbing and heating systems in a manner sufficient to prevent freeze or other damage. It has been reported that the use of air pressure to clear the system, or just by adding antifreeze to the system is acceptable, provided that it prevents freeze-ups. It is important to note that all winterization should be performed in accordance with state and local codes, ordinances or regulations.

Reo Property Preservation

What is REO Property Preservation?

REO property maintenance is a service that is needed by a lender or bank. Most real estate owned homes usually have repossessed by the bank after an unsuccessful bid at a foreclosure auction. The banks goal was to receive money for the outstanding loan amount. Interestingly the amount owed on the home is higher than the properties market value. Now the property is considered an non-performing asset and is listed on the MLS multiple listing service which is a database used by listing brokers.
Many of these distressed homes need maintenance and repairs, due to lack of upkeep by the homeowner. Once the property is vacant property preservation companies will change the locks and re-secure the structure, remove debris, lawn care from mowing to trimming hedges. REO property maintenance servicers are also responsible for winterization of the plumbing at the property to prevent freeze damage of banked owned real estate.
Upkeep of REO properties in California is necessary due to the high rise of vacant and abandoned homes, the benefits of property preservation is that it will provide securing, protecting and preparing unmarketable properties for resale. Lenders find it cost-effective to hire REO property preservation companies to handle the growing load which will require hiring of contractors who are trained and knowledgeable of the HUD guidelines and regulations.
Why Banks use Asset Managers to sell REO's
When lenders need to sell Real Estate Owned properties they utilize REO Asset Management, most banked owned properties are sold by zip code to REO listing agents and Real Estate Brokers who then sell them to real estate investors who want to flip the homes for a profit.
A real estate asset manager has the job of selling properties and specializes in multiple real estate holdings that have been purchased as investment properties. Banks use real estate assessment managers to manage bank REO properties that are categorized as a non-performing asset. Many larger banks have asset management departments that field bids and offers, oversee upkeep, and handle sales.
REO properties for sale

REO Property Preservation Companies

For a list of property preservation companies in your state you can get a free listing at the google directory or dmoz field service business list on the web.
REO Property Preservation Services
Most companies who provide services to repos have to follow specific guidelines set out by the U.S. Department of Housing and Urban Development. Mortgage field services can be pretty broad depending on how big the company is, local companies may not offer as much as national companies would, as in the case of offering BPO's, trash outs or snow removal.
Some of the types of services you can expect include:
  • Evictions
  • Securing Services Lock Smith, Boarding, De-boarding Re-glazing
  • Cleaning Detail Cleaning, Pre-Sale Cleaning
  • Carpet Cleaning
  • Wet and Dry Winterization, De-Winterizations
  • Debris Removal Per HUD Guidelines
  • Water, Utilities
  • Yard Maintenance & Snow Removal
  • Abandon Vehicle Removal
  • Appliance Removal
  • HVAC Inspections
  • Certified Plumbing, Electrical
  • Rehab Interior & Exterior
  • Painting, Drywall Repair, Replacement
  • Concrete
  • Flooring Cleaning Carpet, vinyl, Hardwood
  • Roofing Certs and Inspections or Replacements
  • Mold Abatement and Remediating
  • Demolition as well as Home Renovations
REO Property Preservation Pricing
To get accurate information on HUD pricing guidelines and FHA specifications for property preservation by each state you will need to go to http://www.hud.gov/offices/cpo/grantees/cstprice.cfm or http://cubicyard.us/pnews/property-preservation-hud-guidelines/hud-pricing-guidelines/208/

REO Property Preservation Jobs

Get information on property preservation jobs on national job boards such as Monster.com, Indeed.com, Aerotek, armedservicesjobs, lender processing services and eBay classifieds.
  • Property Preservation Technician
What you can expect working as a Property Preservation Specialist is that you will process service requests from clients within the mortgage servicing sector to repair or maintain properties in their delinquent loan portfolios and as for the vacant assets they must be preserved and protected until sale or disposition of property by utilizing client requirements, investor guidelines and local ordinances.
Other job duties include: Validating repair scopes and supplier pricing based on photos and third party estimating software along with managing the service pipeline to ensure quality, timeliness and value. You will also reference and navigate service guidelines to ensure appropriate services are requested and performed, then review property repair scopes and validate costs via supporting photos, contractor provided documentation and third party estimating software. as well as negotiating repair cost and scope with contractors when services are outside industry standard. 
  • Property Management - Asst. Operations Manager
This position requires managing the day to day functions of Government Processing and Advanced Preservation Services. It is necessary to have experience in Mortgage Default Servicing management with an emphasis on FHA foreclosure and claims, as well as expert knowledge of default servicing requirements as established by FNMA, FHLMC, HUD and VA.
Other duties include participating in long-range planning for the Property Preservation department, developing and implementing department policies and procedures, determining the necessary staffing and recommend staffing levels, along with creating strategies to improve overall quality and productivity of the department. You will be overseeing development and implementation of resulting new programs while promoting and maintaining positive relationships with new and existing clients. Analyzing production data in comparison to contract requirements for each client to ensure profitability projections are realized. As in the case of ensuring compliance with both client contracts and investors as well as insurers requirements so that risk exposure to LPSFS is minimized, then ensure client issues are acknowledged and addressed in a timely manner.
Reource: indeed.com/Job Search

Benefits of Default Servicing Technologies

Most real estate professionals are realizing the benefits of using software solutions in the mortgage industry that deliver tested, proven enterprise technologies of the highest quality and innovation. How it works is that the software will make it possible to integrate, centralized solutions for the life of loans starting with preforeclosure analytics to asset disposition, invoicing and claims management.
Who can use these default servicing technologies are trustees, law firms for regulatory compliance for FHA, VA, billing, and event tracking. Automate default servicing referrals, streamline communications with vendor network.

Those who work in the Loss Mitigation industry can utilize the software tools to evaluate properties of a loan, document the borrower’s interview results and financials, as well as workout plans.
Also in the field of REO Management there is the ability to improve visibility and performance-based accountability to more effectively manage, market, and liquidate REO assets.

Resource: firstam.com/

Local Asset Management Companies

Terms of Use
Map

show route and directions
Simon Real Estate Group -
19188 Alamo Ln, Yorba Linda, CA 92886, USA
 [get directions]
Mortgage Lender, REO Services, Real Estate Agency is a full service residential and commercial Real Estate Company
Reo Asset Maintenance -
2220 Eastridge Ave, Riverside, CA 92507, USA
 [get directions]
Property Management Company
Mellenia Asset Management Inc -
1326 Monte Vista Ave, Upland, CA 91786, USA
 [get directions]
the largest datbases of REO homes and foreclosure listings.

Foreclosure Cleaning Pricing Guidelines

The best place to find information regarding the U.S. Department of Housing is to go to the HUD website, because they list the FHA mortgage insurance needed for mortgage lenders. The claims that are filed on the fha insured homes is processed with specific rules and regulations.
Management and marketing contractors are the ones that manage the single family properties, so as a foreclosure cleanup business owner you will want to talk with the M&M so that you will know the correct amount to charge for the various services you will be providing.
Distressed housing development programs is where HUD.gov specializes and due to the high number of properties also need to have good management.
The best way to price foreclosure clean up jobs is to know how the adjustable rate mortgages are going to be reset in the coming months. Most of the tables that list the maximum amount allowed for each task is not exactly what you can expect, since it will depend on the job as well as where you are on the list of contractors. 
Subcontractors will not make as much as the direct contact the bank has with the service provider, remember that the lender will go with the one that charges the least for the same amount of work. So to actually make a bigger profit you will need to have more work.
Property Preservation Fees
It is important to note that when it comes to your foreclosure cleaning franchise owners mainly get their jobs from realtors who are being paid by the Department of Housing and Urban Development (HUD.) so they know which way to play the bid process to win the jobs against other companies offering the same services.
The cost allowables will be measured against your actual expenses. For example when it comes to the cost of boarding, inspections, securing swimming pools, sump pumps, demolition and utilities which may not be included in the maximum cost limit per property.

Property Preservation Inspection Services

Specialty inspection and verification services


Property Preservation Inspection Services

Once this happens then a visual inspection is followed by claims and documentation.
There are five types of property inspections
  • Occupancy Inspections
  • Initial Vacant Property Inspections
  • Vacant Property Inspections
  • Voluntary Pre-Conveyance Inspections
  • Eviction Inspections
Occupancy inspections are required when a homeowner defaults on their mortgage payments, then the lender goes through the process of trying to contact the mortgagor by phone or correspondence to determine if the property is vacant or abandoned if the property is occupied a visual inspection will determine if the home has a for sale sign as well if the doors and windows are secured and the lawn is maintained.


 

Direct contact by telephone or Occupancy Inspection.

On the other hand if the home is vacant and abandoned, it is important to document if there is property damage, and then go through the process to initiate preservation to secure the property beginning with an Initial Inspection.
In the case that there is no monetary default, a visual inspection will determine if there has been a written notice of code violation, municipal lien, condemnation or demolition, disconnection of utilities or cancellation of homeowner insurance.
The home inspectors job is to verify occupancy from the following methods:
What should the occupancy Inspection report include:
The following should be considered such as the date of the occupancy inspection, the Identity of the inspector, how occupancy was determined, the identity and status of occupants, the valid telephone number for the occupant, documentation of house locked or secured, obtain broker name or contact number if there is a (For Sale sign) on the property, is the grass mowed or shrubs trimmed, describe any exterior damage such as broken glass, boarded up doors or windows as well as notation of personal property or debris left behind.
In the case that occupancy is not able to be determined some of the ways of checking would be to check utility meters, contacting the listing broker, observing general maintenance or speaking to neighbors.
Since a drive-by inspection may not be enough to determine occupancy an inspection report must be filled out.
reo property preservation companies
reo property preservation companies

Property Preservation Jobs

Field Service companies hire field service representatives to do property inspection jobs with most of the work in property preservation and inspections.The record number of foreclosures on the market has some housing experts cashing in on the income potential by starting their own property preservation company. If you are looking at the current real estate crisis, and you are not interested in a start-up you can always work for an established national company who is hiring field inspectors all you will need is proper training.
National Companies Hiring:
  • Safeguard Properties All independent contractors must fill out a vendor application.
  • Safeguard is a turn-key resource for all aspects of property management, for Property Inspections, Property Preservation, Real Estate Owned (REO) Services, Property Valuations, Insurance Loss Inspections, High Risk/Code Enforcement, Vacant Property Registration, Title Services, Evictions and Hazard Claims Administration
http://www.safeguardproperties.com/Careers/Employment_Opportunities.aspx
  • First American Default Management: on-site property inspections and property preservation and maintenance services. First American National Default Title Services (NDTS) division offers the mortgage servicing industry various default-related loan servicing activities.
http://www.firstam.com/news/2008/10799.html

Default Services Property Preservation

The economy has created a new set of skill set for those involved in real estate, one of them being default services, most national property preservation companies offer REO maintenance and repair to pre-foreclosures and banked owned real estate.
What are other services offered by national foreclosure preservation companies?
These custom solutions may include such things as title services such as title insurance and property reports, appraisal services and valuation, settlement and closing services, property management and on-site property preservation.
It may be more cost effective for the lender if they can work with one company that can provide all their real estate servicing needs.
Where can I find a list of national property preservation service companies?
The best way to get a list of companies is to go on the DMOZ Open Directory for Business, Financial Services, Field Service Companies:

Mortgage Contracting Services

Most national property preservation and inspection companies provide mortgage field services which include property inspections, property preservation, REO property maintenance, as well as valuation services.
Many national real estate asset management companies offer home improvement options to help reduce the time it will take for a property to go through resale. These types of jobs are done with before and after photos that can take one day up to a week to complete depending on the turn around time and size of the property.
Property and REO Maintenance Services
  • Locksmith - fixing or replacing locks on doors
  • Repair and remolding - fixing damages and structural changes
  • Lawn Service - mowing grass and maintaining landscapes
  • Lockout and Evictions - include filings, re-keying and property recovery
  • Board and Securing - boarding up of windows and securing of doors
  • Trashout and Debris Removal - cleaning, removal of items left behind
  • Winterization and Plumbing - repair of pipes and frozen plumbing issues
  • Swimming and Pool Maintenance - providing safety and cleaning unused pools
  • Janitorial Services - home cleaning and maintenance
  • Toxic Mold Treatment - cure mold moisture problems with testing and remediation
Who can use these services ?
Mostly the people who will need the types of services that most national property preservation services provide are Asset Managers, Lenders and Real Estate Professionals who need a team of trained field servicers to take care of pre-foreclosure, vacant and REO properties.
The foreclosure preservation services include: Debris removal, Boarding windows, doors, Fire damage repairs, Interior cleaning, Lawn maintenance, Lock changes, Lock re-keying, Mold Remediation, Hazardous material removal, Pool maintenance, draining, Rehab, Roofing, Water damage repairs, as well as Appliance replacements.

National Property Preservation Companies Job Duties

For those looking for jobs they need to be acquainted with some of the job duties required by many national companies in the following areas :
  • Delinquent Vehicle Loan Inspections
  • Floor Plan Audits
  • Notice to Call Delivery
  • Merchant Site Inspections/Surveys
  • Commercial Real Estate Inspections
  • Reverse Mortgage Inspections
  • Mobile Home Vacancy Inspections
  • Occupancy Checks
  • REO QC Inspections
  • Leased Equipment Inspections
  • Collateral Inspection Reports
  • Address Verifications
  • Location Verification Inspections
  • Delinquent Credit Card Interviews
  • Credit Line Interviews

REO property preservation and maintenance services

Initial Services - such as services performed immediately upon a property becoming vacant
Recurring Services - also services performed on a regularly scheduled basis
Periodic Services - as well as services performed on an as-needed or requested basis
  • Client support capabilities
  • Bid Management System
  • Bid Review and QC Process
  • Winterization Management Program
Some of the areas that are serviced include:
Alabama, Alaska, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, New York, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, West Virginia, Wyoming and Puerto Rico.
Subscribe to: Posts (Atom)