Property Preservation

After the introduction of COVID-I9 shelter-in-place protocols following the outbreak of this global pandemic, servicers and vendors have faced major challenges maintaining properties.
 
Property Preservation departments have had to adopt many creative solutions to work around a very active real estate market. As never before in the market's history, we are seeing homes facing foreclosure while in the midst of a booming real estate sales market. It is definitely very hard to plan for the unknown. 

Managing vacant properties is a very detailed task with deep-rooted financial implications. Being prepared is the best prevention measure to take. The changing rules and regulations, charge-backs, software updates, all while managing a large pool of vendors, can have a big effect on quality services.