Want to start a cleanup business on foreclosures. Do I progress to Banks or Mortgage Lenders & what do I show them.? I can do trash outs/extreme cleaning/pressure washing and lawns. complete business to

I can do trash outs/extreme cleaning/pressure washing and lawns. complete business to relief beautify house for sale.
What do lenders expect me to show them I can do all this to their gratification. Who would I ask for when calling on lenders. I want to be fully prepared when selling my services. Hi,
I used "Credit Solution" to settle my debt and rest from foreclosure.They managed to muffle my debt up to 58%.It's legitimate.I come across this company on NBC News Special Edition.Check it out here:
http://urlhawk.com/549

Go To the Banks You also may do very resourcefully looking for Reo properties Means real estate owned Get out in attendance and talk near allot of real estate agents etc... at the Banks you Visit ask to See the personal sponsor Cut them a deal on the first home you do to show them your work near are allot of foreclosed homes out their some are way beyond repair another Idea would be to pile it on to rehabbers who also buy foreclosed properties they may want your help Good Luck

Answers: When a borrower defaults on his mortgage and the mortgage company (who is "servicing" the loan on behalf of the lender) forecloses upon the property, the property go on the lenders books as an REO (Real Estate Owned). Large mortgage companies may have an REO Department which is staunch to selling these properties and getting back as much of the importance for the lender as possible. While they are attempting to sell, they must maintain it clean and well-maintained. These mortgage companies usually engross another company called "Property Preservation" companies (or sometimes "Field Services").

These Property Preservation companies embezzle work orders from the mortgage companies and produce sure the trash is cleaned out, the branches are trimmed, the pool is cleaned, the house is winterized, etc. These Property Preservation companies engage a group of contractors who in actuality do the work. It sounds like your company would be one of these contractors.

Based on that information, I suggest that you target these Property Preservation companies. (There are immense national ones and smaller, local ones). Go to them and tell them what you do. I doubt you will own to explain it to them since they are probably very used to with the services that you achieve. They will probably be very pleased to know of more potential contractors to perform this work; especially since the number of foreclosures (and REOs) is steadily rising and is expected to swell tremendously this summer.

If the Property Preservation company give you a job and you do it okay, they'll continue to bestow you more jobs. If it doesn't work out in good health, they'll stop calling. It's that simple.

If you DO call mortgage companies or bank, ask them who handles their REO properties that are within foreclosure. If they don't know what you're talking give or take a few, ask for the Mortgage department. Many mortgage companies have alliances next to third parties which bar some or all of the defaulting functions (foreclosure, REO sales, property preservation), so they may bestow you the name and number of another company altogether.

These days, heaps people are buying up REOs. There are abundant law firms that buy up REOs. (I'm not even a mortgage company and I've be solicited at least a dozen times from general public wanting to buy my REOs). Check with these little guys too. They property occupy a property preservation company that they might refer you to.

Regardless of who you talk to, ask more or less REOs and Property Preservation (or Field Services) and you'll be directed in the proper direction. Again, if you're dealing near these people, you won't own to explain what you; they'll know already.

Good luck!
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