Website design By BotEap.comThe field service industry, commonly referred to as the “property preservation,” “foreclosure cleanup,” or “REO junk” industry, has changed considerably over the years.

Website design By BotEap.comWhen the mortgage crisis and eventual housing fiasco first took hold of the real estate industry, large numbers of small foreclosure contractors entered the market. Many of these microenterprises performed various mortgage servicing tasks for lenders, banks, financial institutions, REO conglomerates, and asset management companies in villages and various regions of the United States of America.

Website design By BotEap.comA ton of larger national entities were also part of the landscape that was fast becoming a burgeoning property preservation industry.

Website design By BotEap.comMany of the larger entities, such as Pemco, Sentinel, Cyprexx, Safeguard, Chronos Solutions (formerly known as Matt Martin Real Estate Management), and a host of similar companies, were direct, first-hand components of HUD (“The United States Department of Housing and Urban Development “).

Website design By BotEap.comThese larger companies hired smaller debris removal, cleaning, and trash removal services as subcontractors to handle tasks such as lawn maintenance, property protection (shipping doors / windows), property inspection, trash removal / debris, winterizing and de-wintering jobs, repairs, locks changes, house maintenance, painting, carpet removal, gutter cleaning, power washing, tree removal and many similar property maintenance and maintenance tasks .

Website design By BotEap.comServices were often provided in vacant homes, many of which mortgage lenders had left after receiving foreclosure letters from their mortgage companies.

Website design By BotEap.comMultiple outsourcing opportunities, jobs and contracts for REO service providers

Website design By BotEap.comContracts and work order requests were received in large numbers, and many small businesses had to rush to hire subcontractors to help with the overflow.

Website design By BotEap.comAs a result, these smaller contractors made a ton of money in the property maintenance and foreclosure cleanup industry at the height of the foreclosure crisis.

Website design By BotEap.comA changing property preservation industry

Website design By BotEap.comHowever, fast forward five to seven years, and it is clear that the industry has changed exponentially.

Website design By BotEap.comThe New Garbage Business, Foreclosure Cleaning Services, and REO Property Preservation Model

Website design By BotEap.comOver the past few years, garbage removal and foreclosure cleaning services have not only started targeting new key clients and client bases, they have also added a number of highly profitable new mortgage and field services and signed on. necessary new policies and procedures that work specifically for its their own services and businesses, regardless of who their companies are aligned with or who they serve as suppliers and subcontractors and for whom they work, whether locally, nationally or regionally.