First, I want to say I WIN. I live in a foreclosed home which I inherited from my father. Not my loan, but now MY HOUSE. Thank you Angelo Mozillo (Cuntrywide mtg, now owned by BofA)
Jesus, I thought ZH people had brains. First, 23 states means those states which have laws requiring judicial foreclosure. The rest of the states, you don't need to go through a court to foreclose.
Now, for those of you who think this is no big deal or was planned by the banks, PLEASE GET A LIFE! The only way this was planned was if it came from the very, very top of the food chain, like the people who run the White House (please, Obama really has no power. He's a puppet to the MONEY). There is also no good way out of this for any of the following: The banks, the investors, the municipalities in which the properties are located who are getting no property tax payments, the courts (completely overwhelmed - prepare to see many long-standing judges retire because they don't need the headaches), the American banking system, the Federal Reserve, the federal government. What will be standing at the end of all of this are the states - the backbone of the nation. The feds can do much, but they cannot change state banking laws.
Everybody is screwed by this. Winners include homeowners who stopped paying mortgages, some very few, very smart real estate speculators (there's money to be made here, but it's a bitch to get to it and may take years before profits are realized).
Further, this is the blackest black swan ever. BofA, now the third bank to admit fraud, holds the largest number of mortgages, because they took over Cuntrywide. They are Fu**ed, fu**ed, fu**ed royally. It will literally take years (think 3 to 5 to 7) for all of this to get through the courts. The banks will not even prosecute in most cases because the costs are so high and the risks so great.
Now, the investors, who are they? Little towns in Sweden, other municipalities in the US. Some credit unions, some rich guys in Malaysia, they are spread all over the world. The investors will be taking hits of magnificent proportions. Huge, enormous calamity with great deals of money being eviscerated.
BofA is the crow in the coal mine - not a canary, because they are so big. BofA is NOT TBIF and are already planning their glidepath to bankruptcy. They've been insovent since having (note they were forced by the govt. and the Fed - Paulson) to take over Cuntrywide and Merrill Lynch. Both bankrupt entities.
They're dead, just nobody knows it yet. If the stock market doesn't crash before the midterms, then something is seriously wrong and the people need to rise up and throw all of the fuckers out because this is the end. There was fraud on the front end and now fraud on the back end. If the USA avoids going into martial law, I will be surprised.
Now, I don't normally do this because I don't like treading on other people's turf, but I am going to link to my last two entries on my MoneyDaily blog. Mind you, I try to write things so the average joe or jane can understand and have been diligent, writing daily for the past 3 1/2 years.
These two articles should give you some background and the links lead to places with more info. I've been following this story for 3 years and lately with more interest because I have a vested interest ($80,000 home which I may end up owning free and clear) Here goes:
Should American Homeowners Stop Paying Mortgages?
and today
Mortgage, Foreclosure Mess Broadens, Deepens
From Barclays' Jasraj Vaidya, who states: "At this stage, we are unable to ascertain what that exact issue might
be. What is certain is that foreclosure timelines in those states for
GMAC loans will be extend further, potentially adversely affecting their
eventual severity" which echoes verbatim what Zero Hedge suggested a week ago on the Florida Judge news: "The implications for the REO and foreclosures track for banks could be
dire as a result of this ruling, as this could severely impact the
ongoing attempt by banks to hide as much excess inventory in their books
in the quietest way possible." Jasraj also notes: "Using publicly available data from HUD and RealtyTrac, we have created a list of judicial foreclosure states. These are states where judicial foreclosures are most common and in which the lender has to appear before a judge and obtain a court order before initiating foreclosure proceedings against the delinquent borrower. Such states tend to have much longer foreclosure timelines than non-judicial states. What is striking about the list of states in the GMAC announcement is that all but one (North Carolina) are judicial states. Also, all judicial states in the country but one (Delaware) are in the GMAC list. This would hint at some potential issues with judicial states that is driving the GMAC directive." In the meantime, class actions lawyers across the country will not be sleeping for days.
Full Barclays report:
It was reported on Bloomberg today that GMAC has sent a memo to all brokers suspending all foreclosure activity against delinquent borrowers in 23 states. Further action has also been frozen on all properties for which foreclosure has already been implemented. Any buyers of those properties face an extension of the closing date by 30 days and have the option to cancel the agreement to purchase.
Most likely an issue with judicial states
Using publicly available data from HUD and RealtyTrac, we have created a list of judicial foreclosure states. These are states where judicial foreclosures are most common and in which the lender has to appear before a judge and obtain a court order before initiating foreclosure proceedings against the delinquent borrower. Such states tend to have much longer foreclosure timelines than non-judicial states. What is striking about the list of states in the GMAC announcement is that all but one (North Carolina) are judicial states. Also, all judicial states in the country but one (Delaware) are in the GMAC list. This would hint at some potential issues with judicial states that is driving the GMAC directive.
A recent news report provided some hints at the type of issues with judicial foreclosures that servicers may look to avoid before it become a larger issue. The Florida Attorney General recently announced an investigation of the three largest foreclosure law firms in the state. These firms represent the lenders, and there have been question about claims of note ownership put forth by these firms during foreclosure proceedings. A clean record of note ownership is lost or hazy in many cases, due to multiple transfers of the notes. The moratorium can be an attempt on the part of RFC to ensure that the process does not have significant flaws that can leave it open to legal action in the future.
At this stage, we are unable to ascertain what that exact issue might be. What is certain is that foreclosure timelines in those states for GMAC loans will be extend further, potentially adversely affecting their eventual severity.
Can it also be a lawsuit in the making?
Given that the directive spans multiple states, and given previous experience with Countrywide, there is always the possibility of some multi-state settlement in the works for various disclosure issues with lending practices. However, we found some major omissions when we compared the list of states in the GMAC announcement with those involved in the Countrywide announcement. California, Nevada and Michigan - three states with significant mortgage volume, as well as distressed mortgages - are missing from the announcement. This makes us a little skeptical whether this is indeed a class action lawsuit in the making on the lines of the Countrywide one. On the other hand, the Countrywide list ballooned from 11 states initially to 42 states and DC finally, so one cannot yet rule out multi-state action. However, given greater evidence about judicial states, we still believe that to be the primary driver of this directive.
GMAC volumes in the non-agency securitized space
We used LoanPerformance to get a quick estimate of the volume of GMAC serviced loans in each of these states. Overall, we find that about 30% of the outstanding balance of GMAC-serviced loans falls within these 23 states. However, the share of delinquent loans within these states is higher: about 40% of GMAC delinquent loans falls within these states, with a higher concentration in alt-A and subprime.
Effect on housing
Implementation of this foreclosure moratorium, depending on its length and extent, could be a mild positive in the near term. A reduction in REO supply and foreclosure sales by GMAC would take out some distressed supply from the market. The effect of this announcement is similar to what we have earlier described for various loan modification efforts. It prevents more REOs from hitting the market and, thus, artificially skews the mix of distressed properties in the sales metrics. Reduction in the share of REO sales in overall sales has the effect of a stronger reading on the home price indices. However, this comes at the cost of a larger shadow inventory of non-performing loans, which continues to create pressure on home prices for an extended period.
eric seiger
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
Today's <b>News</b>: a slick unofficial iPad app for The Guardian newspaper
When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...
Yankees ALCS <b>News</b> - Pinstripe Alley
Yankees ALCS news and notes. ... Yankees ALCS News. Babe-ruth-and-lou-gehrig_tiny by Brandon C. on Oct 13, 2010 10:00 PM EDT in News � Tweet � 24 comments; Story-email Email; Printer Print. Texas Rangers grounds crew employee Don Crymes ...
eric seiger
First, I want to say I WIN. I live in a foreclosed home which I inherited from my father. Not my loan, but now MY HOUSE. Thank you Angelo Mozillo (Cuntrywide mtg, now owned by BofA)
Jesus, I thought ZH people had brains. First, 23 states means those states which have laws requiring judicial foreclosure. The rest of the states, you don't need to go through a court to foreclose.
Now, for those of you who think this is no big deal or was planned by the banks, PLEASE GET A LIFE! The only way this was planned was if it came from the very, very top of the food chain, like the people who run the White House (please, Obama really has no power. He's a puppet to the MONEY). There is also no good way out of this for any of the following: The banks, the investors, the municipalities in which the properties are located who are getting no property tax payments, the courts (completely overwhelmed - prepare to see many long-standing judges retire because they don't need the headaches), the American banking system, the Federal Reserve, the federal government. What will be standing at the end of all of this are the states - the backbone of the nation. The feds can do much, but they cannot change state banking laws.
Everybody is screwed by this. Winners include homeowners who stopped paying mortgages, some very few, very smart real estate speculators (there's money to be made here, but it's a bitch to get to it and may take years before profits are realized).
Further, this is the blackest black swan ever. BofA, now the third bank to admit fraud, holds the largest number of mortgages, because they took over Cuntrywide. They are Fu**ed, fu**ed, fu**ed royally. It will literally take years (think 3 to 5 to 7) for all of this to get through the courts. The banks will not even prosecute in most cases because the costs are so high and the risks so great.
Now, the investors, who are they? Little towns in Sweden, other municipalities in the US. Some credit unions, some rich guys in Malaysia, they are spread all over the world. The investors will be taking hits of magnificent proportions. Huge, enormous calamity with great deals of money being eviscerated.
BofA is the crow in the coal mine - not a canary, because they are so big. BofA is NOT TBIF and are already planning their glidepath to bankruptcy. They've been insovent since having (note they were forced by the govt. and the Fed - Paulson) to take over Cuntrywide and Merrill Lynch. Both bankrupt entities.
They're dead, just nobody knows it yet. If the stock market doesn't crash before the midterms, then something is seriously wrong and the people need to rise up and throw all of the fuckers out because this is the end. There was fraud on the front end and now fraud on the back end. If the USA avoids going into martial law, I will be surprised.
Now, I don't normally do this because I don't like treading on other people's turf, but I am going to link to my last two entries on my MoneyDaily blog. Mind you, I try to write things so the average joe or jane can understand and have been diligent, writing daily for the past 3 1/2 years.
These two articles should give you some background and the links lead to places with more info. I've been following this story for 3 years and lately with more interest because I have a vested interest ($80,000 home which I may end up owning free and clear) Here goes:
Should American Homeowners Stop Paying Mortgages?
and today
Mortgage, Foreclosure Mess Broadens, Deepens
From Barclays' Jasraj Vaidya, who states: "At this stage, we are unable to ascertain what that exact issue might
be. What is certain is that foreclosure timelines in those states for
GMAC loans will be extend further, potentially adversely affecting their
eventual severity" which echoes verbatim what Zero Hedge suggested a week ago on the Florida Judge news: "The implications for the REO and foreclosures track for banks could be
dire as a result of this ruling, as this could severely impact the
ongoing attempt by banks to hide as much excess inventory in their books
in the quietest way possible." Jasraj also notes: "Using publicly available data from HUD and RealtyTrac, we have created a list of judicial foreclosure states. These are states where judicial foreclosures are most common and in which the lender has to appear before a judge and obtain a court order before initiating foreclosure proceedings against the delinquent borrower. Such states tend to have much longer foreclosure timelines than non-judicial states. What is striking about the list of states in the GMAC announcement is that all but one (North Carolina) are judicial states. Also, all judicial states in the country but one (Delaware) are in the GMAC list. This would hint at some potential issues with judicial states that is driving the GMAC directive." In the meantime, class actions lawyers across the country will not be sleeping for days.
Full Barclays report:
It was reported on Bloomberg today that GMAC has sent a memo to all brokers suspending all foreclosure activity against delinquent borrowers in 23 states. Further action has also been frozen on all properties for which foreclosure has already been implemented. Any buyers of those properties face an extension of the closing date by 30 days and have the option to cancel the agreement to purchase.
Most likely an issue with judicial states
Using publicly available data from HUD and RealtyTrac, we have created a list of judicial foreclosure states. These are states where judicial foreclosures are most common and in which the lender has to appear before a judge and obtain a court order before initiating foreclosure proceedings against the delinquent borrower. Such states tend to have much longer foreclosure timelines than non-judicial states. What is striking about the list of states in the GMAC announcement is that all but one (North Carolina) are judicial states. Also, all judicial states in the country but one (Delaware) are in the GMAC list. This would hint at some potential issues with judicial states that is driving the GMAC directive.
A recent news report provided some hints at the type of issues with judicial foreclosures that servicers may look to avoid before it become a larger issue. The Florida Attorney General recently announced an investigation of the three largest foreclosure law firms in the state. These firms represent the lenders, and there have been question about claims of note ownership put forth by these firms during foreclosure proceedings. A clean record of note ownership is lost or hazy in many cases, due to multiple transfers of the notes. The moratorium can be an attempt on the part of RFC to ensure that the process does not have significant flaws that can leave it open to legal action in the future.
At this stage, we are unable to ascertain what that exact issue might be. What is certain is that foreclosure timelines in those states for GMAC loans will be extend further, potentially adversely affecting their eventual severity.
Can it also be a lawsuit in the making?
Given that the directive spans multiple states, and given previous experience with Countrywide, there is always the possibility of some multi-state settlement in the works for various disclosure issues with lending practices. However, we found some major omissions when we compared the list of states in the GMAC announcement with those involved in the Countrywide announcement. California, Nevada and Michigan - three states with significant mortgage volume, as well as distressed mortgages - are missing from the announcement. This makes us a little skeptical whether this is indeed a class action lawsuit in the making on the lines of the Countrywide one. On the other hand, the Countrywide list ballooned from 11 states initially to 42 states and DC finally, so one cannot yet rule out multi-state action. However, given greater evidence about judicial states, we still believe that to be the primary driver of this directive.
GMAC volumes in the non-agency securitized space
We used LoanPerformance to get a quick estimate of the volume of GMAC serviced loans in each of these states. Overall, we find that about 30% of the outstanding balance of GMAC-serviced loans falls within these 23 states. However, the share of delinquent loans within these states is higher: about 40% of GMAC delinquent loans falls within these states, with a higher concentration in alt-A and subprime.
Effect on housing
Implementation of this foreclosure moratorium, depending on its length and extent, could be a mild positive in the near term. A reduction in REO supply and foreclosure sales by GMAC would take out some distressed supply from the market. The effect of this announcement is similar to what we have earlier described for various loan modification efforts. It prevents more REOs from hitting the market and, thus, artificially skews the mix of distressed properties in the sales metrics. Reduction in the share of REO sales in overall sales has the effect of a stronger reading on the home price indices. However, this comes at the cost of a larger shadow inventory of non-performing loans, which continues to create pressure on home prices for an extended period.
skin
and vein center
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
Today's <b>News</b>: a slick unofficial iPad app for The Guardian newspaper
When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...
Yankees ALCS <b>News</b> - Pinstripe Alley
Yankees ALCS news and notes. ... Yankees ALCS News. Babe-ruth-and-lou-gehrig_tiny by Brandon C. on Oct 13, 2010 10:00 PM EDT in News � Tweet � 24 comments; Story-email Email; Printer Print. Texas Rangers grounds crew employee Don Crymes ...
eric seiger dermatologist
eric seiger dermatologist
eric seiger dermatology
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
Today's <b>News</b>: a slick unofficial iPad app for The Guardian newspaper
When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...
Yankees ALCS <b>News</b> - Pinstripe Alley
Yankees ALCS news and notes. ... Yankees ALCS News. Babe-ruth-and-lou-gehrig_tiny by Brandon C. on Oct 13, 2010 10:00 PM EDT in News � Tweet � 24 comments; Story-email Email; Printer Print. Texas Rangers grounds crew employee Don Crymes ...
Dr. eric seiger
First, I want to say I WIN. I live in a foreclosed home which I inherited from my father. Not my loan, but now MY HOUSE. Thank you Angelo Mozillo (Cuntrywide mtg, now owned by BofA)
Jesus, I thought ZH people had brains. First, 23 states means those states which have laws requiring judicial foreclosure. The rest of the states, you don't need to go through a court to foreclose.
Now, for those of you who think this is no big deal or was planned by the banks, PLEASE GET A LIFE! The only way this was planned was if it came from the very, very top of the food chain, like the people who run the White House (please, Obama really has no power. He's a puppet to the MONEY). There is also no good way out of this for any of the following: The banks, the investors, the municipalities in which the properties are located who are getting no property tax payments, the courts (completely overwhelmed - prepare to see many long-standing judges retire because they don't need the headaches), the American banking system, the Federal Reserve, the federal government. What will be standing at the end of all of this are the states - the backbone of the nation. The feds can do much, but they cannot change state banking laws.
Everybody is screwed by this. Winners include homeowners who stopped paying mortgages, some very few, very smart real estate speculators (there's money to be made here, but it's a bitch to get to it and may take years before profits are realized).
Further, this is the blackest black swan ever. BofA, now the third bank to admit fraud, holds the largest number of mortgages, because they took over Cuntrywide. They are Fu**ed, fu**ed, fu**ed royally. It will literally take years (think 3 to 5 to 7) for all of this to get through the courts. The banks will not even prosecute in most cases because the costs are so high and the risks so great.
Now, the investors, who are they? Little towns in Sweden, other municipalities in the US. Some credit unions, some rich guys in Malaysia, they are spread all over the world. The investors will be taking hits of magnificent proportions. Huge, enormous calamity with great deals of money being eviscerated.
BofA is the crow in the coal mine - not a canary, because they are so big. BofA is NOT TBIF and are already planning their glidepath to bankruptcy. They've been insovent since having (note they were forced by the govt. and the Fed - Paulson) to take over Cuntrywide and Merrill Lynch. Both bankrupt entities.
They're dead, just nobody knows it yet. If the stock market doesn't crash before the midterms, then something is seriously wrong and the people need to rise up and throw all of the fuckers out because this is the end. There was fraud on the front end and now fraud on the back end. If the USA avoids going into martial law, I will be surprised.
Now, I don't normally do this because I don't like treading on other people's turf, but I am going to link to my last two entries on my MoneyDaily blog. Mind you, I try to write things so the average joe or jane can understand and have been diligent, writing daily for the past 3 1/2 years.
These two articles should give you some background and the links lead to places with more info. I've been following this story for 3 years and lately with more interest because I have a vested interest ($80,000 home which I may end up owning free and clear) Here goes:
Should American Homeowners Stop Paying Mortgages?
and today
Mortgage, Foreclosure Mess Broadens, Deepens
From Barclays' Jasraj Vaidya, who states: "At this stage, we are unable to ascertain what that exact issue might
be. What is certain is that foreclosure timelines in those states for
GMAC loans will be extend further, potentially adversely affecting their
eventual severity" which echoes verbatim what Zero Hedge suggested a week ago on the Florida Judge news: "The implications for the REO and foreclosures track for banks could be
dire as a result of this ruling, as this could severely impact the
ongoing attempt by banks to hide as much excess inventory in their books
in the quietest way possible." Jasraj also notes: "Using publicly available data from HUD and RealtyTrac, we have created a list of judicial foreclosure states. These are states where judicial foreclosures are most common and in which the lender has to appear before a judge and obtain a court order before initiating foreclosure proceedings against the delinquent borrower. Such states tend to have much longer foreclosure timelines than non-judicial states. What is striking about the list of states in the GMAC announcement is that all but one (North Carolina) are judicial states. Also, all judicial states in the country but one (Delaware) are in the GMAC list. This would hint at some potential issues with judicial states that is driving the GMAC directive." In the meantime, class actions lawyers across the country will not be sleeping for days.
Full Barclays report:
It was reported on Bloomberg today that GMAC has sent a memo to all brokers suspending all foreclosure activity against delinquent borrowers in 23 states. Further action has also been frozen on all properties for which foreclosure has already been implemented. Any buyers of those properties face an extension of the closing date by 30 days and have the option to cancel the agreement to purchase.
Most likely an issue with judicial states
Using publicly available data from HUD and RealtyTrac, we have created a list of judicial foreclosure states. These are states where judicial foreclosures are most common and in which the lender has to appear before a judge and obtain a court order before initiating foreclosure proceedings against the delinquent borrower. Such states tend to have much longer foreclosure timelines than non-judicial states. What is striking about the list of states in the GMAC announcement is that all but one (North Carolina) are judicial states. Also, all judicial states in the country but one (Delaware) are in the GMAC list. This would hint at some potential issues with judicial states that is driving the GMAC directive.
A recent news report provided some hints at the type of issues with judicial foreclosures that servicers may look to avoid before it become a larger issue. The Florida Attorney General recently announced an investigation of the three largest foreclosure law firms in the state. These firms represent the lenders, and there have been question about claims of note ownership put forth by these firms during foreclosure proceedings. A clean record of note ownership is lost or hazy in many cases, due to multiple transfers of the notes. The moratorium can be an attempt on the part of RFC to ensure that the process does not have significant flaws that can leave it open to legal action in the future.
At this stage, we are unable to ascertain what that exact issue might be. What is certain is that foreclosure timelines in those states for GMAC loans will be extend further, potentially adversely affecting their eventual severity.
Can it also be a lawsuit in the making?
Given that the directive spans multiple states, and given previous experience with Countrywide, there is always the possibility of some multi-state settlement in the works for various disclosure issues with lending practices. However, we found some major omissions when we compared the list of states in the GMAC announcement with those involved in the Countrywide announcement. California, Nevada and Michigan - three states with significant mortgage volume, as well as distressed mortgages - are missing from the announcement. This makes us a little skeptical whether this is indeed a class action lawsuit in the making on the lines of the Countrywide one. On the other hand, the Countrywide list ballooned from 11 states initially to 42 states and DC finally, so one cannot yet rule out multi-state action. However, given greater evidence about judicial states, we still believe that to be the primary driver of this directive.
GMAC volumes in the non-agency securitized space
We used LoanPerformance to get a quick estimate of the volume of GMAC serviced loans in each of these states. Overall, we find that about 30% of the outstanding balance of GMAC-serviced loans falls within these 23 states. However, the share of delinquent loans within these states is higher: about 40% of GMAC delinquent loans falls within these states, with a higher concentration in alt-A and subprime.
Effect on housing
Implementation of this foreclosure moratorium, depending on its length and extent, could be a mild positive in the near term. A reduction in REO supply and foreclosure sales by GMAC would take out some distressed supply from the market. The effect of this announcement is similar to what we have earlier described for various loan modification efforts. It prevents more REOs from hitting the market and, thus, artificially skews the mix of distressed properties in the sales metrics. Reduction in the share of REO sales in overall sales has the effect of a stronger reading on the home price indices. However, this comes at the cost of a larger shadow inventory of non-performing loans, which continues to create pressure on home prices for an extended period.
skin
and vein center
skin
and vein center
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
Today's <b>News</b>: a slick unofficial iPad app for The Guardian newspaper
When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...
Yankees ALCS <b>News</b> - Pinstripe Alley
Yankees ALCS news and notes. ... Yankees ALCS News. Babe-ruth-and-lou-gehrig_tiny by Brandon C. on Oct 13, 2010 10:00 PM EDT in News � Tweet � 24 comments; Story-email Email; Printer Print. Texas Rangers grounds crew employee Don Crymes ...
skin
and vein center
eric seiger dermatology
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
Today's <b>News</b>: a slick unofficial iPad app for The Guardian newspaper
When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...
Yankees ALCS <b>News</b> - Pinstripe Alley
Yankees ALCS news and notes. ... Yankees ALCS News. Babe-ruth-and-lou-gehrig_tiny by Brandon C. on Oct 13, 2010 10:00 PM EDT in News � Tweet � 24 comments; Story-email Email; Printer Print. Texas Rangers grounds crew employee Don Crymes ...
eric seiger
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
Today's <b>News</b>: a slick unofficial iPad app for The Guardian newspaper
When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...
Yankees ALCS <b>News</b> - Pinstripe Alley
Yankees ALCS news and notes. ... Yankees ALCS News. Babe-ruth-and-lou-gehrig_tiny by Brandon C. on Oct 13, 2010 10:00 PM EDT in News � Tweet � 24 comments; Story-email Email; Printer Print. Texas Rangers grounds crew employee Don Crymes ...
eric seiger dermatology
Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
Today's <b>News</b>: a slick unofficial iPad app for The Guardian newspaper
When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...
Yankees ALCS <b>News</b> - Pinstripe Alley
Yankees ALCS news and notes. ... Yankees ALCS News. Babe-ruth-and-lou-gehrig_tiny by Brandon C. on Oct 13, 2010 10:00 PM EDT in News � Tweet � 24 comments; Story-email Email; Printer Print. Texas Rangers grounds crew employee Don Crymes ...
how to lose weight fast big seminar 14
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Worldchanging: Bright Green: Good <b>News</b> x2 for U.S. Offshore Wind
Good News x2 for U.S. Offshore Wind. Yale Environment 360, 13 Oct 10. U.S. Offshore Wind Could Provide 20 Percent of Electricity by 2030. U.S. officials calculate that the total potential for offshore wind generation is more than 4000 ...
Today's <b>News</b>: a slick unofficial iPad app for The Guardian newspaper
When The Guardian newspaper released its Open API, interesting and potentially cool things were bound to happen. Developers love great content and great ...
Yankees ALCS <b>News</b> - Pinstripe Alley
Yankees ALCS news and notes. ... Yankees ALCS News. Babe-ruth-and-lou-gehrig_tiny by Brandon C. on Oct 13, 2010 10:00 PM EDT in News � Tweet � 24 comments; Story-email Email; Printer Print. Texas Rangers grounds crew employee Don Crymes ...
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Confused About the Best Services to Offer in Your New Foreclosure Cleanup Business?
When you are just starting your foreclosure cleanup business, you may be confused about which services to offer because there are so many service options in this broad industry. You can offer everything from cleaning to painting and repairs.
As a new business owner, it's very tempting to try and offer as many services as possible. This is not uncommon in the start-up phase. Many new entrepreneurs are often afraid they will miss out on business by not offering a slew of services. But, as a new foreclosure cleaning business owner, it's smarter to offer only those services you know you can handle with your new enterprise. This way, you're not "all over" the place.
Also, this strategy will help you streamline your equipment purchases and your marketing efforts -- which will save you time and money.
Deciding Which Services to Offer
Consider starting out offering the services that will not cost you an arm and a leg to provide. You want to offer the industry's most-neededproperty preservation services. Think about which ones your area's foreclosure listing realtors, banks, mortgage companies, investors and landlords, and large property preservation companies will request most often; then, focus on starting your business offering these key services.
Offer Services that Will Keep Your Equipment Costs Low
Also, you will want to offer those services that will NOT cost you an arm and a leg in equipment or materials. Think about keeping your business "cash healthy." This may mean starting your business with the equipment you already have at home in the basement or in your garage; and perhaps renting other equipment you may need from your Home Depot type stores until the business can pay for new equipment and materials.
In the Beginning, Keep It Simple
Just remember, as a new foreclosure cleanup business owner, keep it simple starting out; you can't be everything to everybody. Offer the basic, expected services for which you already have the equipment and supplies. Market these services with fervor and concentrate on growing your client database by doing an excellent job offering the basics.
Expand Your Cleanup Services Over Time
As your list of business clients increases, you can expand your foreclosure cleanup company by offering a plethora of other services in-house or via subcontracting the work orders out to other qualified companies.
Good luck to you with your foreclosure cleanup business!
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