Warning: Use of undefined constant REQUEST_URI - assumed 'REQUEST_URI' (this will throw an Error in a future version of PHP) in /home/forecl10/public_html/Site/wp-content/themes/jabberjaw-progression/functions.php on line 73
Agents/Vendors Archives - Foreclosure Source

Agents/Vendors

The Booming Business of Foreclosure Cleanouts

When a bank forecloses on a home, they may also be responsible for possessions or trash the former owner leaves behind. Usually, a bank will hire a contractor to take care of the cleanout. Foreclosure cleanouts can be a lucrative business with some contractors earning between $500 and $2,500 per property.

Continue Reading

2 years ago

How Asset Management Companies Work

(Real Estate Owned) REO refers to properties that have been foreclosed by a bank. If a property is not sold at a foreclosure sale, the bank may contract an REO asset management company in order to sell the home at market value to a real estate investor.

Continue Reading

2 years ago

Becoming An Approved REO Asset Management Vendor

Asset management contractors are responsible for maintaining foreclosed properties for banks and property preservation companies. Contractors may work independently or for a property asset management firm.

Continue Reading

2 years ago

How to Become a  REO Vendor for a Bank

Foreclosure properties are often purchased by the bank at auction if the asking price is not met. For banks, the responsibility of maintaining or rehabbing a property in order to sell it quickly is key, therefore they depend on outside vendors to provide maintenance and renovation services.

Continue Reading

2 years ago
Scroll to top