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Foreclosure Cleaning Businesses are Cleaning Up Big Profits Nationally
Foreclosures are rising again, according to a recent report by Realty Trak. Unemployment is skyrocketing, jobs are shrinking, and many businesses are closing their doors across the country. Learn how not all businesses are struggling in this economy. One niche business that has grown very rapidly due to the huge influx of foreclosures, is the foreclosure cleaning business. One niche business that is excelling in this economy is called the Foreclosure Cleanup or better knwon as the Property Preservation business. These businesses clean out, repair, and maintain the foreclosed homes for the banks. Foreclosures, Foreclosures, and more Foreclosures. Foreclosures have rocked our nation, learn how to survive in this downturn of a market and make money from all the foreclosures nationwide. Even Oprah and 20/20 showcased a new business called Foreclosure Cleaning or the Foreclosure Cleanup Business. Foreclosures are expected to top over 3 Million homes foreclosed on this year alone, showing that hard work can make a very good living. According to new reports released by Realty Trak, they wrote "No Relief from Foreclosure Heat in August", this updated article states that Nevada, California, Florida, Michigan, Arizona, and Illinois still posted extremely high foreclosure rates and these 6 states account for almost 60 % of the foreclosures nationwide. A total of 358,471 U.S. properties received foreclosure filings during the month of August alone, a decrease of less than 1 percent from the previous month but still an increase of nearly 18 percent from August 2008. What does this mean? It means that the dire need for Foreclosure cleaning business vendors will surge and each and every one of these homes will need to be cleaned out (a trashout as the banks call it), lawn maintenance services, carpet cleaning, locks changed and more. Banks call in the Foreclosure Cleanup-Property Preservation vendors to come in. Once a home has foreclosed on, the banks and REO Asset Management companies send in these vendors to clean, repair, and maintain their forecloure homes for future resale. These foreclosure cleaning businesses are struggling to keep up with the onslaught of workloads and on average they are cleaning 8-12 homes per day, 7 days a week and the work keeps just coming. And now with the additional foreclosures coming down the line, there is a shortage of vendors to perform these Property Preservation services for the banks. In California alone, over 38,000 homes entered the Notice of Default stage, this is considered a pre-foreclosure, but it gives us a good idea of what is coming down the line in terms of future potential foreclosures. Banks need to get these foreclosed defaulted properties off their books, so they rely completely on property preservation vendors to perform these services for them. The banks have lost thousands of dollars through the foreclosure process and stand to lose thousands more if these defaulted foreclosure properties are not cleaned out and repaired quickly. Vendors are given a specific amount of time to get these properties "trashed out" and polished up to get them ready for resale. Foreclosures are primed to be here for quite some time. Foreclosures are expected to remain a dominate factor until approximately 2012 according to Realty Trak. If you would like more information about starting a foreclosure cleaning business, go to http://www.listbankrepos.com Source: http://www.submityourarticle.com Permalink: http://www.submityourarticle.com/a.php?a=70690 | |
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