User:JeremyForman

Property Preservation
Property Preservation is a common term used to describe a variety of services typically needed for a home that has been foreclosed and needs to be relisted for sale by a REO Agent or REO Broker.

Services
Trash-Out/Debris Removal- Removal and disposal of all personal property from a location.

Janitorial/Cleaning Services- Cleaning services often include sweeping carpets, mopping floors, and cleaning sinks, bathtubs, & toilets. Occasionally property preservation companies also rip out carpets and baseboards depending n the property's needs.

Lawn and landscaping Service- This service often includes lawn mowing, clipping removal, walkway edging and shrubbery trimming.

Board-up/Securing- Securing a property and boarding up broken windows & doors to prevent vandalism, safety issues and health concerns.

Locksmith Services- Re-key services, Lock-out, lock change, Digital Image Documentation- Documenting the before and after condition of the property. date stamping and notes are typically needed for every photo

Winterization- Wet and dry winterization are both usually offered as well as plumbing system preservation. Winterization warning labels are often applied to sinks, toilets, hot water heaters, and other plumbing mechanisms.

Pet Rescue- In some cases, home owners facing foreclosure will leave pets behind. although nt all companies offer this services, many are working with groups such as No Paws Left Behind or with local pet shelters

Repair and Remodeling- some companies go above and beyond typical preservation services by offering rehab and repair work. The work is typically performed under permit and in accordance with local building code by licensed and insured contractors.

Types of Companies
Property Preservation services are typically offered by two types of companies: - Local - National

Local companies are often owned and operated by entrepreneurs. These companies work with local REO Sales People or act as vendors for National REO Service organizations and charge their customers for the work performed.

National companies are larger companies that typically work on a national level with large banks. they establish a network of vendors and broker out all the work. Local vendors offer a discount to the national vendor who then charge the banks full price to make a profit.