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
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 Identify Quality Craftsmen for Your Renovations
When you have an REO property on the books, you want to get it repaired, restored and updated as fast as possible so you can get it sold at a profit. Of course, since lenders don’t generally keep carpenters, electricians, and other contractors on staff, getting that...
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...
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