How to get started in debris cleanup

 Trashed out homes REO property clean up Information

Real Estate Cleaning Government HUD Contracts

Cleaning businesses are among the best recession proof business to start in the current market, One reason is because the foreclosure crisis is not over and many more homes will be left unoccupied and susceptible to vandalism for mortgage delinquencies, and people with prime loans according to the mortgage bankers association.

How to get started in debris cleanup

Some have suggested that all that one needs to get started is to advertise on the free classified sites letting others know of your services.

Charge an hourly rate or a flat rate. It has also been mentioned that you will need to include the cost of the dumpster rental as well as any manpower you will need to help you with moving items out and painting if necessary.

Print up fliers and contact Realtor who sell REO properties, so that you can get repeat referrals. The types of businesses that will need your services are Homeowners, Property Managers, Realtor, REO Agents, Property Investors, Landlords, Tenants, Bank Foreclosures. So look at ways to contact them directly with your price.

Where to find subcontracting work for your clean out trash out business

Subcontracting is going to be the only way a small business will be able to compete in the hot market of California foreclosure cleaning and debris removal simply because there is a high demand of bid contracts and work orders that need to be filled.

The best way to find the work you want is to contact national companies that have contracts with the management and maintenance of HUD properties that is handled by the M&M marketing managers.

Collaborating with them and making sure you have the proper licenses and insurance you can set your rates for bidding on foreclosure cleanup business contracts.

Cleaning Maintaining Foreclosures 

How much should you charge to clean up a trashed out foreclosure home

First you should do some research and find out what the going rates are in your area, be competitive and try to get as many clients as possible and then as they say the snowball will start rolling and getting bigger from their.

Real Estate investors will have a list of foreclosed homes that need to be cleaned contact them and let them know you can help them out, find out how much they were quoted in the past.

Most pricing is based on cubic yards and weight ot the junk. The going rate is $500 or more depending on what is needed to be done. It can range upwards of $1000 dollars.

In the home clean out trash out business, many are looking to start a home trash out service, this can be done in areas that have REO foreclosed homes such as in California where homeowners have left vacant properties with items still inside them.

This is due to the previous owners who have became delinquent and behind in their mortgage payments end up leaving all their personal belongings behind. Although this is a sad situation for many business is booming for those entrepreneurs who see an opportunity to be the one cleaning out these foreclosures.

Property Maintenance and Clean-up Service

foreclosure clean up business

Property Maintenance Service

What are some of the types of services can I offer in my trashout business

Starting a cleaning business can help people who do not have the time or the resources to do it themselves. REO's are not the only places to clean up, people who are moving or those who has a family member die or those who are going through divorce may not want to go through all the stuff in the house and would rather someone come and remove the debris or junk.

Garages are another place people store many items that just ends up collecting dust. Collectibles, antiques and valuables can be saved and put into storage, but most other items will have to go to the dump. Declutter and organization services can be offered as well.

Some of the more popular services include: clean-out service. Included is the clean-up of all interior and exterior trash and debris, carting and disposal of all unwanted items. Professional overall cleaning, including sweeping, countertop and window cleaning.

Get a list of Fully integrated asset management company with national REO listings. Midland Loan Services National commercial REOs.

REO Cleanout Foreclosure Cleanout San Diego, California

REO Cleanout San Ace Junk Removal and demolition specializes in REO Cleanout and Office Cleanup residential junk and construction debris, Trash out REO Cleanout www.acehauling.com/serv_hauling.The Trashout Squad

In conclusion, the opportunity to work in the foreclosure property preservation and cleaning business is a recession proof home based business for those who have worked in real estate, are investors or fixer uppers, you will find the increase demand grow as the recession continues to put more and more people out of homeownership through repossessions and evictions.

Here are some ideas of what types of services to offer property owners

Especially in California many tenants are always moving in and out leaving the apartment or residence needing to be cleaned and repaired. Just realize your house cleaning prices for cleaning job leads will vary depending on how big the commercial or residential property is and where it is located.

The top areas will be such things as regular spring or white glove cleaning, debris or trash removal, repairs, maintenance. lawncare, locksmith changing door locks, boarding oup broken or unsecure windows and replacing light fixtures.

Its best to subcontract out areas such as plumbing and electrical work

The real estate cleanup umbrella is really large and covers all aspects of buildings needed to be maintained and preserved for resale or renting to new tenants, you can partner up with other business owners such as a moving company to help you with moving things left behind by tenants, and you can utilize the specialization of a general contractor who does minor repairs.

Starting a real estate cleanup company will allow you to be able to reach a wider audience for your business. I like to contact real estate investors and property management companies and ask them if they know of anyone needed help with cleaning out a garage, building or lot this makes them remember you when they come across a job.

Try marketing to landlord to get more work for your start-up business in cleaning foreclosures, reo properties and repossessed homes for banks.

House Cleaning Tips & Advice : How to Clean the Walls in your Home

Companies that offer trash out junk removal services Marietta Junk Removal Junk Busters, Marietta GA other junk removal companies in eviction clean out trash out services to Real Estate Companies, Banks, merchantcircle.com/business Marietta.Junk.Removal.Junk.Busters.  REO Trash Out Clean Out Cleaning Services Will it need a trash out/clean out, sales clean? furniture removal, refrigerator cleaning, junk removal, trash, trash removal, Junk, Minneapolis.galaxy.com Junk Removal Hauling is a full-service junk removal company. That will remove almost anything from old furniture and appliances to garden waste and renovation Fast Haul - Trash Out Services Fast haul removal services include; trash removal, garbage removal, junk removal, provides trash out services to local real estate companies, schools,

Real Estate Clean Up Trash Out Carpet removal Junk Removal Rubbish Removal and Garage Clean out for a Locally Owned & Operated Trash Removal Service Company, available for Same Day gadsden.craigslist.org

Junk Removal Hauling Demolition Trash Company network in Junk Removal Hauling Demolition Trash Company network in Escondido, Ace Trash Hauling Trash Removal Services San Diego Trash Out Haul Trash Pasadena.showmelocal.com

Waste Removal Garbage Service Junk Removal

A junk removal company, on the other hand, is happy to come out to your place and get rid One Man's Trash Is Another Man's Treasure Waste removal is not. www.servicemagic.com

Junk removal atlanta, foreclosure cleanout Atlanta.Green guys waste removal is a full-service junk removal company serving Atlanta and the debris removal, appliance removal, foreclosure trash out and www.greenguyswasteremoval.com

Type of specialized field inspection work

 

How to do you get Field Inspector Training

Find out why Field Inspectors are in High demand

Modern technology has made most financing, insurance policies, mortgages, leases, to be completed online, or by telephone number, this will allow you to effectively become a outsourced field representative for hundreds of national companies who need constant, updated information from your local area.

Who can do this type of specialized field inspection work

You will be happy to note that there is no expensive photography equipment or special software needed. While you do not have to lease an office or building instead you can work right from your own home and set your own schedule making your own days and hours.

Field Inspectors job Training Guide

As you are probably aware there is no special education required to become a field inspector. Most firms provide their own training packet with their own set of guidelines and procedures. National companies also provide the forms you'll need to use, so you have to create nothing on your own. The over 150 companies are actively seeking honest, reliable individuals in each zip code in the United States . If you are ambitious you can cover as many zip codes and work for as many companies as you can responsibly handle.

Subcontract work comes from companies that are not the actual lending, leasing or insurance institution. Because these companies are contracted by these major institutions to gather the information photos, reports, documentation that is required. The more zip codes that each of these companies can cover, the more valuable they become to their clients.

Field Service Reps are in Demand

Economic situation and foreclosures give great opportunity to field reps

Field Inspector Training Guide

Everything you need to know to get started as a Field Inspector, As you are well aware the reason field inspection is called recession proof is because the opportunity is earning people money during the current economic slowdown. The current economic disaster have created several new opportunities for the Field Inspection industry.

Why is Field Inspection a good Work at Home Based Opportunity

Some of the main reasons are because Homes and commercial properties that are being refinanced, foreclosed or that are vacant still require frequently updated photos and reports to companies and according to the Government "Bailout" plan and new presidential election will create even more opportunities for those who have lost their jobs and need alternative work. So there has never been a better time to get involved with the mortgage service industry.

Who will hire you to perform this type of service

The following 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.

Some of the things that will be required by these institutions is that they need to have updated and accurate information on the condition of each property continuously. One of the main reasons is because it is not cost effective for mortgage lenders, insurance or leasing companies to have their own field reps in every single town or zip code in the United States. This is where you come these institutions subcontract out various inspections to freelance field representatives all over the country.

 How you get paid and how much can you earn

Can you imagine how well you will be paid to obtain information as a freelance field inspection rep. People just like you new moms, single moms, students, retirees are getting paid from $25, $50, or $100 each and every time they take a few photos with their digital camera and fill out the accompanying reports from their computer online. It takes only 5 to15 minutes to complete each assignment.

Do you think that you can take simple pictures and fill out forms? Some Field Inspectors do this everyday for banking and insurance companies.  Do you have some family members, close friends, or co-workers who need financial help.

What is the future outlook for Field Inspectors

You can first start by counting all of the businesses, cars, boats, planes, RVs, buildings, homes, heavy equipment, in your local area all of them are financed, leased and insured through national companies. So the demand for independent representatives is high due to not having enough trained field inspectors to handle the influx of inspections that need to be done on a daily basis. What you need to know is that Field Service inspectors perform inspection tasks for bank, finance and insurance industries. which can also include property preservation specialists.

Some of the Benefits of performing Field Inspections as a Career 

Everyone wants to know what they will attain by trying out a new field of interest and when it comes to doing property preservation and field inspections you can be assured that you will be creating a new income or supplement your existing one.

You will gain Field Inspections Benefits of Performing Field Inspection by having a Career change, Supplemental income, Benefits of being an independent contractor, Flexible work schedule, Part-time or full time work, Easy and low cost start up.

What different types of field inspections you will be able to perform:

Some of the major inspections national companies are hiring for include: Construction Site Inspections, Collateral Inspections, Delinquency Inspections, FEMA Inspections, Insurance Inspections, Insurance Loss Inspections, Inventory & Merchandising Inspections, Merchant Site Inspections, Occupancy Inspections, Photo Inspections, Property Inspections

Some of your duties will include taking simple pictures and filling out forms for banking and insurance companies on a daily basis.

Ask yourself some questions: Are you tired of your current employment? Whether you're a nurse, teacher, airline pilot, secretary, stay at home mom or other hard worker, you've thought there's just got to be a better, easier way - there is. How would you like to make money all day long, be your own boss, and decide the hours you work?

Here are some of the Inspector jobs postings available in the U.S from all over the Internet Property / Casualty Insurance Inspector, Cal Inspection Bureau, Inc., INSPECTOR (Entertainment Systems), Oceaneering International, Property / Casualty Insurance Inspector, Loss Cont Cal Inspection Bureau, Inc., Property / Casualty Insurance Inspector, Loss Cont Cal Inspection Bureau, Inc., QC Inspector, Santa Rosa, CA, Petaluma, CA.

If your goal is to get started in the field services industry and grow your field services business. You can start a real business with pay for Field service inspectors who perform inspection tasks for the bank, finance and insurance industries.

• Property preservation specialists perform property maintenance tasks on foreclosure homes. The large majority of field service inspectors learn on the job. All inspection forms are provided to you by the national mortgage services, property preservation firm so there is nothing for you to create. Most firms provide a training package with guidance, practices and procedures for completing inspection tasks. All that is needed is a connection to the Internet and a digital camera are about all you need to perform the majority of field service inspections. The large majority of inspections have no Errors and Omissions (E&O) insurance requirements.

Field service work is performed in support of mortgage bankers, finance companies, commercial bankers, field service firms, state and federal housing agencies, VISA/MasterCard, Discover/American Express merchant credit card account providers, mystery shopper organizations and other similar field service firms or agencies.

Field inspection tasks include residential mortgage, insurance and commercial property inspections. The national firms you work for provide all the necessary report forms and help you with every step to completing an inspection. Some of the firms use interactive web sites for completing report forms. These web sites are backed with help pages and inspection coordinators who can answer your questions by telephone or e-mail.

How to get jobs securing and maintaning Vacant Foreclosure Properties

Property preservation tasks are securing and maintenance tasks performed on vacant foreclosure properties. They include lock changes, winterizations, debris removal, lawn maintenance, boarding of doors and windows, removal of health and hazardous materials, snow removal,

Why you can not find ads posted of field service rep jobs, its because only about 2% of all field service firms post help wanted ads on the Internet.You will want to e-mail or call the many national and regional firms. Field services industry has several large segments which include inspections (residential mortgage, insurance & commercial), property preservation, notary signing tasks and mystery shopping tasks.

Field inspection tasks are usually classified as residential mortgage, insurance and commercial property inspections. Commercial inspections pay the highest fees. Insurance inspection fees are in the middle. Residential mortgage inspection fees are the lowest.

Do you need to have any special credentials: There is no licensing or other requirements for 98% of the inspections. All of the inspections forms are provided to you - there is nothing to create. Tasking firms provide instructions and training to get you started.

National Companies who use Inspectors

www.TeamFTS.com Mathews Home Inspections Professional,Experienced,Certified Honest, Fair and Fast 888-654-4644

www.mathewshomeinspections.com Pro. Q.C. Systems® Quality Control Inspections Inspection & Audit Services in Asia

www.proqc.info Deputy Inspection Service Los Angeles, Orange, Ventura and Inland Empire Counties

www.starinspectionservices.com Inspector Jobs Get Contract Business Leads Here. Receive Your Leads by Phone Today!

www.1800Contractor.com Field Inspection Jobs Search multiple engines for field inspection jobs

www.webcrawler.com Inspector B Northrop Grumman - Sykesville, MD Must be willing to accept short-term field assignments up to 90 days which could require about 60% travel. High school graduate or equivalentMortgage Field Service, Insurance Field Service, Field Service Business, Field Jobs, Field Services, The Inspector, Field Careers, Field Work, Field Training, Inspector Jobs, Inspector Certification.

 Field Inspections opportunities of a freelance field service inspector

Some of the things you will learn is how to secure and maintain vacant foreclosure properties as well as lock changes, winterizations, debris removal, lawn maintenance, boarding of doors and windows, removal of health and hazardous materials, snow removal, etc.

• Residential Inspections

Occupancy Verification - Delinquency Interview - Foreclosure Inspection - Bankruptcy Inspection - Investigative Inspection Report - Face To Face Interview Report - Sale Date Inspection - Insurance Loss Inspection - Construction Progress Report - Construction Funding Report - Flood Hazard Verification - HUD Title I Program Home Improvement Inspection - Broker Price Opinion (BPO) - Broker Opinion of Value (BOV) - Comparative Market - Estimated Market Value (EMV) Analysis (CMA) - Neighborhood Information Profile - Residential Property Appraisal Insurance Inspections These include: Dwelling observation inspection - high value inspection - insurance loss control inspections (risk analysis).

• Commercial Inspections

Photo Inspections - Physical Facilities Inspection - Merchant Credit Card Account Site Verification - Retail Outlet Verification - Coupon Redemption Inspection - Vehicle Delinquency Interviews - Classic Vehicle Finance Inspections - Leased Equipment Inspections - Environmental Inspections/Assessments - Broker Price Opinion (BPO) - Broker Opinion of Value (BOV) - Mystery Shopper Survey - Movie Audience Response Survey - TV Audience Response Survey - Floor Plan Inspection - Mattress Inspection - Fitness Center Inspections - Carpet Inspections - Granite Countertop Inspections - Business Verifications For Credit & Background Checks.

• Property Preservation

Lock changes - lock rekeying - winterizations - de-winterizations - debris removal - broom sweeping - cleaning - door and window boarding - lawn maintenance - hazard removal - pool draining - pool covering - above ground pool removal - minor repairs - major repairs - rehab - fire damage repairs - water damage repairs - mold remediation - roofing - carpentry - exterminating services - oil tank removal - snow removal -carpet cleaning Miscellaneous Evictions - process servers - title/lien searches - trustee sale posting - tax record searches

Inspector Job Listings

• Reps Construction Inspector Dewberry - Fairfax, VA JOB LISTING Construction Inspector Tracking Code 43196 Job inspects, and monitors contractual field work which includes from washingtonpost.com Fire Codes Inspector I City of Rockville - Maryland of Duties: Conducts independent field inspections, explains and obtain nationally recognized Fire Inspector II certification within one from washingtonpost.com
• Quality Inspector Augmentation Baltimore, MD personnel encompasses a wide field of temporary and permanent and Engineering. Quality Inspector Design and manufacturing Field Inspector Jacobs Engineering Group - Storrs, CT 2 more locations years of Field Quality Assurance/Control experience is required. Perform field inspections for code corrective construction work Jacobs Engineering Group Field Inspector I Bright House Networks - St Petersburg, FL Assist contract installers in the field with difficult jobs or technical questions to insure our customers The Best in quality service. Bright House Networks Field Inspector Frank Seta & Associates New York, NY 3-4 years experience as a field inspector and a degree in design review, quality control, and field inspection. Applicants should.
• Archinect Field Inspector / Repair Technician Tremco Texas is seeking a Field Inspectors/Repair Technicians in the Dallas, TX area. The qualified candidate will have 3-5 or more years experience in... 2 days ago from iHispano.com Field Inspector HOURLY POSITION Brookdale Community College Lincroft, NJ Bachelor's degree in related field preferred. Seven years experience in facilities management or construction required. Must be familiar with and.NJ/Eastern PA/DE HERC Construction Field Inspector URS Metairie, LA major changes. perform and oversee field quality assurance tests, -Perform preliminary design analysis and initial cost estimates.Perform detailed.URS Electrical / Mechanical Field Inspector Underwriters Laboratories Everett, WA certification inspections and field evaluations in accordance with more than one specific engineering field such as electrical, mechanical, Monster Field Inspector Alliedbarton Security Services Philadelphia, PA Field Supervisor Shift and Site At Allied Barton, it starts and ends with our Security Officers. Its their professionalism; competence and... 16 days ago from AlliedBarton Security Services Inspector Boise, ID Boise, ID is currently recruiting for a Lease Inspector in the Idaho area. Job Summary Performs uniform, consistent inspections in the field for Beyond.com Plumbing Design/Field Inspector Manpower Professional - Irvine, CA BS degree in related field or work equivalent. Proficient in AutoCAD, Read Blue Prints. Excellent Written and Verbal communication skills a must.
• Engineering Inspector Specialist Travis County Austin, TX sciences/studies, or a related field. Knowledge and skill in storm water pollution prevention best management practices, erosion and sediment.BestAustinJobs.com Inspector, QC Manager R A Burch Construction San Diego, CA superintendent and PM. Building Inspector position is responsible for Degree in Engineering field is a plus iHireConstruction Make up to $1000/day Inspector

Get cleaning contracts and inspection jobs

 

Mortgage Field Reps for Commercial Property Inspection Jobs

Texoma Field Services Hiring Residential Inspectors

Things you will need is a reliable vehicle, computer, phone, camera, printer and scanner as well as GPS mapping software to find the home addresses.

Apply for work with Texoma Field Services they conduct mortgage field inspections, merchant site inspections, Fannie Mae, Freddie Mac,HUD inspections, and Loss Mitigation services. Get more information at indeed.com/mortgage-field-services-jobs

You an obtain a business occupational license from the county clerk office

To get started doing this type of work it will be necessary to establish your business with the right types of insurance, licenses and equipment.Then you will need insurance coverage such as liability insurance or workmens compensation insurance coverage. You can purchase equipment or rent it from a service provider.

It is possible to get lawn care work on hud homes with lawn maintenance business for lawn mowing crews, weed eater, trimmers, leaf blower along with a truck or trailer. Clean vacant apartment buildings that need brush removal, volume grass cutting, as well as landscaping.

Most real estate contracting job leads for lawn maintenance contract jobs and contracts for small business can be found in the classifieds online.

It is best to get cleaning contracts and inspection jobs from the largest property preservation companies

In the nation who offer inspection, repair and maintenance for REO management and field asset services for lending institurions, banks and investment firms.

To get a list of Real Estate Industry Contracting and subcontracting REO BPO Bank Contact List go to reoindustrydirectory.

Property Preservation Business

How to get started with Mortgage Field Services Training

Home inspector training for smaller foreclosure cleanup businesses is possible when you collaborate with the larger mortgage field services companies.

RealtyTrac has produced reports showing the increasing number of foreclosure filings

In the U.S. This data give evidence to trash-out and those in the foreclosure cleanup industry plenty of work to keep them busy for years to come.

The interior and exterior of the maintenance of these homes must result in removing debris, and making minor repairs along with lawn maintenance.

As long as the distressed properties are vacant there will be a need to do ongoing inspections such as vehicle removal, tree cutting, lock changing and boarding of windows.

The various Casualty Loss Inspections, Loan Collateral, on-site Property Inspection include:

• 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.

field inspectors wanted for mortgage field service jobs

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.

Field Inspection Technician Job Duties

You can hire a Field Inspector technician to do the cleaning and hauling of the trash to the dump sites but that is just part of the process, you will also need to find out how you can work at home based inspections.

Get training in California and learn how to earn good income and what the field service representative inspection business is all about from those who are experienced in the industry.

One important step is that 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 skills.

Types of Inspection Services:

Some of the types of services you will provide are considered inspection services which involve commercial property inspection services, residential property inspection services, insurance loss inspection services, manufactured housing inspections, and possibly REO Field Services.

How to start a Home Inspection Insurance Service

Insurance inspections are just a small percentage of the types of ways to protect yourself and get coverage while your providing services. In such cases as property damage and bodily injury that leads to claim settlements.

It is recommended to get liability insurance along with errors and omissions to make sure that you understand coverage for commercial inspections. Lawsuit damages are on the rise and you want to make sure that you let an un-insured error insurance claim destroy your business.

Some of your top insurance claims are going to include coverage for limits and deductibles. Now more than ever with the growth of home sales residential home inspectors need this insurance to be proactive in your professional liability search.

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

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.

That's because all you need to do is sign up with the field inspection companies and they start sending you work orders via email.

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

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.

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 outfield 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.

Tools Needed for Performing Field Inspections

First it will be required that you have a computer with internet access, then you will need to 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.

Working with Lending and Insurance Companies

As a vendor you will be assisting Lending, Leasing and Insurance institutions nationwide who 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 properties.

Updated information is needed for vacant bank owned homes

As you are probably aware the current economic slowdown has opened up more opportunities for field service inspectors specifically due to the homes and commercial properties that are being refinanced.

All those foreclosed homes that are vacant and require frequently updated photos and reports from Lending, Leasing and Insurance institutions nationwide.

You are hired by these companies that need to have updated and accurate information on the condition of this properties.

In this case these institutions sub-contract out this work to freelance field service inspection representatives all over the country.

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

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.

Local Home Inspections per each state in the U.S.

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.

Specialty inspection and verification services

• 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

Types of Inspection Job Descriptions

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. For those looking for jobs they need to be acquainted with some of the job duties required by many national companies.

Home Inspection Licensing Requirements

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.

Find the latest information on home inspection legislation and regulation in your state to help with Home Inspector Licensing Requirements and Home Inspection Legislation.

Become a Home Inspector with PHII, offering hands-on distance training and home study classes including mold, pest, radon, and manufactured housing which is the Oldest and largest professional organization for home inspectors in North America.

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.

Have you decided to offer property inspection services? Are seeking the knowledge you need to complete inspections completely?

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 services, especially for those looking for the Independent Contractor Jobs.

As for the occupations for Field Inspectors they will work as a Mortgage Field Inspector providing Mortgage Field Services to designated Companies.

It is important to note that it is going to be very competitive for other businesses that need Mortgage Field Services to help with Supplemental Income of subcontractors hired for government vendor contracts.

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.

Real estate owned or REO is a class of property owned by a lender

From Wikipedia, the free encyclopedia

REO properties often have dead lawns and may be poorly maintained.

Real estate owned or REO is a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction.^[1] A foreclosing beneficiary will typically set the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders that are interested, then the beneficiary will legally repossess the property. This is commonly the case when the amount owed on the home is higher than the current market value of this foreclosure property, such as with a high loan-to-valuemortgage following a real estate bubble. As soon as the beneficiary repossesses the property it is listed on their books as REO and categorized as an asset (non-performing asset).

Contents

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• 1 Origin
• 2 Process
• 3 Property preservation
• 4 Bulk real estate owned
• 5 References

Origin

The term REO originates from the term other real estate owned (OREO), which is used on financial statements to classify real estate property owned by a financial institution but which is not directly related to its business. The important distinction underlying OREO is between lenders versus companies for which real estate management is their primary business. Lenders are primarily in the business of making loans with the intent that nearly all of those loans will be repaid in full with interest. Seizing, managing and reselling real property collateral to recover unpaid loan balances is secondary to lenders' primary line of business.

In balance sheet terms, OREO assets are considered non-earning assets for purposes of regulatory accounting.^[2] In the context of national banks in the U.S., the term OREO is legally defined by the Office of the Comptroller of the Currency in regulations promulgated pursuant to 12 U.S.C. § 29.

Process

As soon as a property goes into a distressed status (the borrower/home owner misses mortgage payments) the beneficiary will want to determine the amount of equity that the property has. A popular method to determine the equity is to obtain a Broker's Price Opinion (BPO) or order an appraisal. Based on the amount of equity that is determined from the BPO, the bank will decide whether to allow a short sale (if requested by the homeowner). If no short sale is requested by the home owner, the beneficiary will continue the foreclosure process. If the beneficiary is unable to sell the property through a short sale or at a foreclosure auction it will now become an REO property.

After a repossession from which the property becomes classified as REO, the beneficiary will go through the process of trying to sell the property on its own or obtain the service of an REO Asset Manager. The beneficiary will remove the liens and other debts on the home and try to resell it to the public, either through future auctions, direct marketing through a real estate broker, or by itself. The asset manager may also try to contact REO realtors that specialize in certain ZIP codes to help sell this bank owned property. Real estate investors will often purchase these properties because of discounts offered to compensate for the condition of the property.

Many larger banks and government institutions have REO/asset management departments that field bids and offers, oversee upkeep, and handle sales. Some REO properties on the open market will be listed in MLS by the broker who performed the BPO. In the contraction that resulted from the S&L crisis, a common problem in many areas involved the listing broker "pocket listing" the transaction and not putting it out on the open market. Agents who have a pocket listing will put the listing on the MLS but will sometimes not field legitimate offers in the hopes of selling it themselves, quite often contrary to the beneficiaries wishes. To combat this, REO exchanges and government foreclosure outlets have been developed to overcome this problem.^{[citation needed]}

Property preservation

Bank REO properties are generally in poor condition and need repairs and maintenance, both to satisfy property upkeep laws and to preserve and prepare the property for sale. Maintenance is generally the responsibility of the mortgage servicer^[3][4] and is often in turn provided by a specialized property preservation company. These property preservation services include: securing a property (changing locks, boarding up), debris removal, property maintenance (winterizing, cutting grass, repairing or tarping roof leaks), and rehabilitation.^[3][5]

In addition to preventing damage to the property, securing a property is used to prevent or discourage re-entry by former occupants or by squatters, which can both damage the property and require legal proceedings to remove, further complicating a sale. Swimming pools must also be secured to prevent deaths or injuries from drowning and falls.

Bulk real estate owned

Bulk REO or bulk real estate owned, from a real estate investor’s point of view, is like investing on wholesale real estate properties. On the other hand, banks or lenders sell or open their assets in group for auction at a very low price compared to their market value. One benefit of investing on REO's in bulk is that a buyer can get good discounts upon purchasing them. However, the downside would be the incurred expenses from the closing amounts of the properties that the investor needs to pay.^[6]

For instance, a real estate investor purchased four REOs for $600,000 by borrowing an amount of $500,000 and paying $100,000 as down payment. Each property costs $150,000 and the down payment is allocated equally among them at $25,000. The remaining balance for each property will then be $125,000 which is financed through blanket loan for $500,000. Each property will still have a release clause of $125,000 so that it can still be sold separately without affecting the blanket loan. Thus, in case one has sold a property for $300,000, one only needs to pay off the release amount of $125,000 taking home the profit of $175,000.

Most bulk REOs have these common characteristics:

• Marginal location - low population rate or poor commercial activities;
• Low or no market demand
• Not qualified for conventional financing

Typically, bulk REOs are found in low to non-residential areas with low to moderate income residents. Most are abandoned, have no appeal and only incur cost to the lender or bank. Generally, these properties sell for 40 to 60 percent lower than the actual market value. ^[7]

References

1. ^ William Roark (2006), Concise Encyclopedia of Real Estate Business Terms ISBN 0-7890-2341-5
2. ^ Investopedia.
3. ^ ^a b "Property Maintenance & Management: Property Preservation Matrix", 2010, Fannie Mae
4. ^ Property Preservation Servicer Contacts, Mortgage Bankers Association
5. ^ "Cleaning house" by Kristen Hampshire, Inside Business, May 1, 2008
6. ^ Kollen-Rice 2008, p.107.
7. ^ Whitney 2003, p.51.