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Contractors- Property Preservation and Field Service Business

More and more contractors have moved into the mortgage field service industry assisting banks with the maintainance of their properties across the nation due to the downturn in the construction industry.
This emerging market has grown substantially in the past two years. The demand from lending institutions and government entities for professional contractors to aid in the revitalization of neighborhoods is now more needed then ever. It's a essentcial that banks maintain curb appeal to sell the property for maximum profits.
The growth of this emerging market is primarily due to the unfortunate increase in REO's. With unemployment rates reaching double digits in many states and more Americans living paycheck to paycheck, it is no surprise that foreclosures and REO inventories are still on the rise. The more foreclosures there is in a particular neighborhood, the more effected house values in that area would be. You might have already felt the effects of this
 The more deteriorated the property conditions are on the home the more it will cost the lender to recover. This will of course effect their bottom line. Lenders need regular continues maintainance of their assets to maintain curb appeal for the potential buyer.
 Some of the ... more

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