Make Money Maintaining Foreclosure Properties
Foreclosure rates have soared to an all time high. The housing market is showing signs of stabilization, but there is still a glut of foreclosed homes. Banks are not in the business of owning or maintaining real estate. Many banks are fined by the cities and towns their properties are located in because the property is not being properly maintained.
Instructions
1. To maintain a foreclosed property you will be responsible for keeping the lawn mowed, trimming bushes, clean up any garbage and making sure no one is living in the home illegally. If you find people in the home, call the police. Do not try to make them leave on your own.
2. The bank or real estate agency may want you to thoroughly clean the inside of the house. Many people leave the house a complete and disgusting mess. You may find roaches, rats, mice and other vermin. Take necessary precautions to ensure your safety.
3. Some real estate owned properties may want you to do some minor repairs on the property such as fixing broken windows or doors. Many properties are sold as is, but if it is an issue of safety or keep trespassers out, they will have you repair it.
4. To find foreclosed properties in your area contact local real estate agents and mortgage lenders either in person, by phone or letter. Sell your business to them.
5. Visit the City Tax Assessors Office either in person or online to see who is paying the current taxes on any property you think looks abandoned. Once you have the information, contact the party liable for taxes and inform them about your business.
6. When you speak with someone in charge of the property maintenance be prepared with a list of what you are willing to do to the property and a price list.
Tags: real estate, either person, Foreclosure Properties, Maintaining Foreclosure, Maintaining Foreclosure Properties, Make Money, Make Money Maintaining
