For Some, Foreclosures Wave Is Boon

The foreclosure crisis has been good for business for thousands of contractors who are hired by mortgage companies to inspect and maintain abandoned homes.
The upkeep of foreclosed homes has become more of a focus for local and state governments that want to preserve real estate values in neighborhoods and deter drug and gang activity.
Local governments have increased their code enforcement efforts by fining mortgage companies for allowing repossessed homes to deteriorate.
Vacant homes could become more of a problems for mortgage companies and local governments, as economists forecast a couple of million more homes will enter foreclosure in the next two years, says Cheryl Lang, president of Integrated Mortgage Solutions in Houston.
Source: New York Times,Vikas Bajaj (05/27

Author: niaknowles

From Native New Yorker (Brooklyn) to Atlanta Realtor, with a love for architecture and design. Atlanta based Real Estate Consultant working to restore and sell Intown Homes; REO,South West (Westside,West End, Westview Communities 30310,30311,30314,30318 zip codes)

2 thoughts on “For Some, Foreclosures Wave Is Boon”

  1. we are just now starting our own company in forclosed homes and commercial properties clean up service….and am a little confused on who to go through to pick up these jobs and contract out…we live in osage City Kansas we serve the four surrounding counties… lyon, franklin, shawnee, and coffey,,,,if you can help me out in anyway i would greatly appriciate it thank you …

    sincerely jake neu

    p.s i have contacted a few real estate companies but have heard nothing back

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