| Not all businesses are struggling in this economy. | | | | and each and every one of these homes will need to |
| Learn how Foreclosure Cleaning Businesses are | | | | be cleaned out (a trashout as the banks call it), lawn |
| starting up across the country-this is one booming | | | | maintenance services, carpet cleaning, locks changed |
| business to be in due to the current economy. | | | | and more. This is where the Foreclosure |
| However, is it short lived business to get into? No, | | | | cleanup-Property Preservation vendors come in. Once |
| absolutely not, there are always foreclosures, even in | | | | a home has foreclosed on, the banks and REO Asset |
| a sellers market. | | | | Management companies send in these vendors to |
| One niche business that has grown very rapidly due | | | | clean, repair, and maintain their forecloure homes for |
| to the huge influx of foreclosures, is the foreclosure | | | | future resale. Business has grown 500% in the last 2 |
| cleaning business. One niche business that is excelling | | | | years and is not expected to ease for quite some |
| in this economy is called the Foreclosure Cleanup or | | | | time. Many of these foreclosure cleaning businesses |
| better knwon as the Property Preservation business. | | | | are working 7 days a week to try to keep up with |
| These businesses clean out, repair, and maintain the | | | | the mounting workloads they are being served from |
| foreclosed homes for the banks. Foreclosures, | | | | the banks. There is now a huge shortage of qualified |
| Foreclosures, and more Foreclosures. Foreclosures | | | | vendors to perform these Property Preservation |
| have rocked our nation, learn how to survive in this | | | | services for the banks due to the amount of |
| downturn of a market and make money from all the | | | | foreclosures coming down the line. In California alone, |
| foreclosures nationwide. Even Oprah and 20/20 | | | | over 38,000 homes entered the Notice of Default |
| showcased a new business called Foreclosure | | | | stage, this is considered a pre-foreclosure, but it |
| Cleaning or the Foreclosure Cleanup Business. With | | | | gives us a good idea of what is coming down the line |
| over 3 Million homes expected to foreclose on this | | | | in terms of future potential foreclosures. Banks need |
| year alone, this dirty business is turning into a | | | | to get these foreclosed defaulted properties off their |
| booming goldmine for many. According to new | | | | books, so they rely completely on property |
| reports released by Realty Trak, they wrote "No | | | | preservation vendors to perform these services for |
| Relief from Foreclosure Heat in August", this updated | | | | them. The banks have lost thousands of dollars |
| article states that Nevada, California, Florida, Michigan, | | | | through the foreclosure process and stand to lose |
| Arizona, and Illinois still posted extremely high | | | | thousands more if these defaulted foreclosure |
| foreclosure rates and these 6 states account for | | | | properties are not cleaned out and repaired quickly. |
| almost 60 % of the foreclosures nationwide. A total | | | | Vendors are given a specific amount of time to get |
| of 358,471 U.S. properties received foreclosure filings | | | | these properties "trashed out" and polished up to get |
| during the month of August alone, a decrease of less | | | | them ready for resale. Foreclosures are primed to be |
| than 1 percent from the previous month but still an | | | | here for quite some time. Foreclosures are expected |
| increase of nearly 18 percent from August 2008. | | | | to remain a dominate factor until approximately 2012 |
| What does this mean? It means that the dire need | | | | according to Realty Trak. |
| for Foreclosure cleaning business vendors will surge | | | | |