With the unprecedented number of Americans losing their homes to foreclosure each year, it’s no wonder cleaning out properties has become a booming business. In fact, according to the Mortgage Bankers Association, since the mortgage crisis crash in 2007, an estimated six million homes have been caught up in its wake, with millions more headed toward the same demise. That’s a tremendous amount of real estate in need of cleanup and repair, giving entrepreneurs who aren’t afraid to get their hands dirty the opportunity to gain from other people’s losses.
Typically, banks will hire a real estate agent to resell foreclosed properties. But someone has to go in and clean up the mess left behind by the previous residents. That’s where the foreclosure cleanout contractor comes in. The cost of cleaning up just one home can be as high as $2,000 depending on the amount of trash removal and needed repairs required. At that rate, a motivated cleaning contractor stands to earn some serious money 소액결제현금화, with very little cash up front and virtually no overhead.
So with all of the “trash out” operations springing up across the country, how do you find a foreclosure cleanout business that has the credentials to do the job right? Your best bet is to stick with the service providers who have the skills and equipment necessary to handle the full range of property preservation issues that can arise in a foreclosure situation. These are the professionals who are accustomed to dealing with everything from appliance disposal and dumpster rentals to junk haul away and yard waste collection. They have the know-how to restore each seized home to its original market-ready condition, giving lenders as well as neighboring property owners the kind of swift and seamless turnaround they so often seek.
In some home seizure situations, a cash for keys offer may be made, requiring the cleanout specialist to expedite the garbage and rubbish removal and turn the property around in particularly short order. This is a deal the bank strikes with the affected homeowner, in which the homeowner is given a cash settlement to vacate the foreclosed property. Used exclusively as a last resort, cash for keys offers can benefit both sides of the real estate transaction. For the bank, it gets the residents out of the house quickly and prevents the further damage often caused during an eviction. For the homeowner, who is no doubt strapped for cash, the settlement can provide some much-needed funds for relocation at an especially trying time, and bypass the hassle of having to go through a difficult eviction.
With no end to the current foreclosure crisis anywhere in sight, the number of cleanout contractors hanging out a shingle is likely to keep growing. Before you hire one to do the dirty work, make sure it’s a trash hauler with the skills and equipment to get the job done right.