Should You Have a Property Manager?

Should You Have a Property Manager?

No lender wants to end up owning a property. After all, you’re not in the business of managing people and repairs. You’re in the business of helping people buy. When you get left with a foreclosure or abandoned property, you often wonder what the next step is. You...
What to Do with Your REO Property

What to Do with Your REO Property

So you’re a lender — bank, credit union or mortgage company — who has just been saddled with a foreclosure, abandoned or other property, and now you don’t know what to do. Of course, you don’t want to keep it. You’re in the business of lending money so people can buy...
Early Start to Prep for Winterization

Early Start to Prep for Winterization

Sure, we’re currently at the height of summer, and winterizing your REO property is probably the last thing on your mind. Before you know it, however, the temperatures will be dropping. If you’re not ready to go, your properties can suffer damage that will cost...
How to Remove Hazards from Your REO

How to Remove Hazards from Your REO

One of the biggest issues faced by REO property holders in Aberdeen, Frederick and Hagerstown is debris and hazards. Many foreclosure properties have suffered untold damage, either from neglect or the deliberate acts of those who used to own the property. This can...