Foreclosure Cleaning - High-End Homes Next on the List - The Problems They Pose
According to the article, High-end home foreclosures next housing dilemma? on a Raleigh, NC news website, "Experts say that the increasing number of high-end homes going into foreclosure is the next big housing dilemma.
" This presents another opportunity for foreclosure cleaning business owners.
It also brings up several situations that need to be addressed.
Following are two.
Who You'll Be Dealing With: With the economy continuing to worsen, you may be dealing with a range of contacts to get these types of foreclosure cleaning jobs.
For example, builders -- or the homeowners themselves may be the ones to call you -- not the bank.
Why? In part this can be explained by how the foreclosure process unfolds when it comes to higher-end homes.
Homeowners in this income bracket may have held onto their homes longer.
So, they may call a foreclosure cleaning business owner to help them get their home ready for market -- because they're trying to do a last-minute sale.
And, take the case of builders .
.
.
consider this: the foreclosure crisis has hit the high-end market later than lower-priced homes.
Hence, many builders of are just now beginning to sit on a lot of inventory.
As properties sit empty, they are prone to vandalism and other types of property crime.
So a builder may call in a foreclosure cleaning company to board up, repair and/or maintain a property until it is sold.
The bottom line here: if you're a foreclosure cleanup company operator and you're accustomed to getting calls from banks and real estate agents; now, be prepared to also start hearing from builders and high-end homeowners themselves.
Homeowner Association Rules: When cleaning a foreclosed home -- depending on the condition -- it may take several days to finish a job.
This means you may have to bring in and leave, equipment, for example.
Or, leave a property untidy for a day or two until a job is completed.
But, this may not be acceptable in some neighborhoods, ie, HOA rules may have certain restrictions regarding how cleanup, repairs and other property renovations are carried out.
You may, for example, have to get homeowner association approval and give details about the job, eg, expected date of completion.
The Fight between an HOA Board Member and a Foreclosure Cleaning Business Owner One Atlanta-based foreclosure cleaning business owner recounts having a run-in with a homeowner association board member.
A bank had hired the company to do repairs on a foreclosed home that had been vandalized in the community.
The board member didn't want a window to be boarded up until the new window could be installed because it looked "unseemly.
" The foreclosure cleanup business owner tried in vain to explain to the HOA board member that with rain on the way -- and the real threat of further vandalism to the property imminent -- they had no choice but to leave the "unsightly" boards in place until the new window arrived.
Eventually, the bank representative interceded -- siding with the foreclosure clean up business owner.
" This presents another opportunity for foreclosure cleaning business owners.
It also brings up several situations that need to be addressed.
Following are two.
Who You'll Be Dealing With: With the economy continuing to worsen, you may be dealing with a range of contacts to get these types of foreclosure cleaning jobs.
For example, builders -- or the homeowners themselves may be the ones to call you -- not the bank.
Why? In part this can be explained by how the foreclosure process unfolds when it comes to higher-end homes.
Homeowners in this income bracket may have held onto their homes longer.
So, they may call a foreclosure cleaning business owner to help them get their home ready for market -- because they're trying to do a last-minute sale.
And, take the case of builders .
.
.
consider this: the foreclosure crisis has hit the high-end market later than lower-priced homes.
Hence, many builders of are just now beginning to sit on a lot of inventory.
As properties sit empty, they are prone to vandalism and other types of property crime.
So a builder may call in a foreclosure cleaning company to board up, repair and/or maintain a property until it is sold.
The bottom line here: if you're a foreclosure cleanup company operator and you're accustomed to getting calls from banks and real estate agents; now, be prepared to also start hearing from builders and high-end homeowners themselves.
Homeowner Association Rules: When cleaning a foreclosed home -- depending on the condition -- it may take several days to finish a job.
This means you may have to bring in and leave, equipment, for example.
Or, leave a property untidy for a day or two until a job is completed.
But, this may not be acceptable in some neighborhoods, ie, HOA rules may have certain restrictions regarding how cleanup, repairs and other property renovations are carried out.
You may, for example, have to get homeowner association approval and give details about the job, eg, expected date of completion.
The Fight between an HOA Board Member and a Foreclosure Cleaning Business Owner One Atlanta-based foreclosure cleaning business owner recounts having a run-in with a homeowner association board member.
A bank had hired the company to do repairs on a foreclosed home that had been vandalized in the community.
The board member didn't want a window to be boarded up until the new window could be installed because it looked "unseemly.
" The foreclosure cleanup business owner tried in vain to explain to the HOA board member that with rain on the way -- and the real threat of further vandalism to the property imminent -- they had no choice but to leave the "unsightly" boards in place until the new window arrived.
Eventually, the bank representative interceded -- siding with the foreclosure clean up business owner.
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