REO RESQ™: PROPERTY PRESERVATION 101

The so-called third wave of foreclosures is coming. The first wave was made up of the unlucky people getting in on the real estate boom at just the wrong moment – and found themselves unable to flip the houses they had suddenly just paid too much money for. The second wave consisted of the holders of subprime mortgages, who found their payments going up just as the economy and the value of their house was going down.

This third wave consists of stable homeowners with relatively normal mortgages, who have now been victimized by the growing job losses consuming America at the moment. They may have been downsized or just lost overtime pay, and now can’t afford their monthly payments.

So we will be seeing more and more foreclosures not only in such already hard hit areas as Sacramento, Phoenix and Las Vegas, but also in cities and towns across America that weren’t overbuilding during the real estate rocket ride. What you might call “Main Street America.”

That means, more than ever, a great business opportunity exists for contractors wanting to get into property preservation and mortgage field services. All these foreclosures will require trash-outs and other expert repair and maintenance services.

Note I used the word “expert.” Many people think cleaning out a foreclosure is not a big deal. But it is. There are many specific ins and outs to the business that the ordinary public is unaware of.

That’s why my brother Scott and I began REO RESQ™ - to provide properly trained property preservation specialists that REO Sellers can depend on. Scott and I learned the hard way – by doing the work ourselves and getting our hands dirty. Because of our years of experience, we’ve become incredibly successful in our field – and we know there’s more than enough opportunity for anyone willing to learn from us.

That’s why REO Sellers depend on our REO RESQ™ owner-operator franchisees to do the job correctly. And that’s why our potential franchisees can trust that we’ll give them the training and the inside information they’ll need to succeed in this business.

Whether you need a highly-skilled REO RESQ™ franchisee to service an REO home – or you’re interested in become one of our REO RESQ™ franchisee – I invite you to stop by our website at REORESQ.com to find out more about what we can do for you.

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