Property Preservation Trashouts: Fixing The Face of Foreclosure

The face of foreclosure isn’t a pretty one.

And it’s been growing uglier and uglier over the last few years. Because the foreclosure process was traditionally slow and cumbersome – and totally unequipped to handle the massive amount it’s been forced to digest during the Great Recession – more and more vacant homes in more and more neighborhoods have become more and more rundown and in desperate need of a trashout.

Graffiti. Gardens and lawns overgrown with weeds. Insect-infested pools. Broken windows. Unsafe interiors. Copper pipe ripped out of the walls. Appliances stolen.

This is what many Americans, who pay their mortgages on time, have had to deal with sitting next door to them; unsightly, unsafe eyesores that bring down the value of their homes, threaten the well-being of their kids and attract crime and unsavory elements.

As I reported in my recent article, “More Foreclosures Trash Outs Coming Faster,” HUD has recently closed up some bureaucratic obstacles to vacant homes actually being classified as foreclosures and abandoned homes. Banks and financial institutions are finally beginning to process the backlog of REO homes they’ve accumulated.

That means it’s time to put property preservation professionals and mortgage field service companies on the job to perform trashouts and necessary repairs as soon as possible to clean up the face of foreclosure.

2010 is going to be a very challenging year – because the incredible numbers of homes that will require property preservation services and foreclosure trashouts will undoubtedly break more records. The amount of work is going to be overwhelming. But it’s necessary.

It’s time to face the face of foreclosure. And bring pride back to the American neighborhoods that have been negatively affected by the housing crisis.

Please visit our REO ResQ™ franchise site at www.REOResQ.com for more information about how to join this fast-growing industry and learn how to perform foreclosure trashouts.

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