Loss mitigators are on the frontline of the foreclosure cleanup crisis; they know before anyone else (other than the homebuyer) that a property is in trouble and headed for possible foreclosure. They are on the phone with buyers daily who either ultimately come up with a successful solution to save their homes, or whose homes head into foreclosure or short sale scenarios.
As a real estate industry contractor, you should plan to send loss mitigators your contact info via email, postcard, introductory letter, etc. It's not unusual for banks and mortgage companies to give delinquent buyers financial incentive to move from the home (versus having to put them out); it's actually cheaper for banks and mortgage companies to use this tactic versus foreclosure.
Grow Calendar 2011
Buyers will need junk removed, cleanup, etc., as they prepare to move and leave the house in good condition for the bank so they can get their monies. Loss mitigators can pass along your company's info to them. (Remember, an astronomical percentage of homebuyers are delinquent on their home loan payments to-date.)
Further, if a home goes into a short sale scenario (where the bank agrees to a lesser sales price for the home than the actual value), the home will eventually need cleanup, debris removal, repairs, painting lawn work, etc. Make sure your contact info is in the loss mitigator's rolodex for passing along to industry colleagues like short sale specialists, REO realtors and new short sale buyers.
Find an updated list of loss mitigation companies, prepare a phone script before you contact them, and then plan to saturate the market with your company information.
Many wishes of success in your real estate industry contracting business and foreclosure cleanup business.
How Loss Mitigation Companies Can Help You Grow Your Foreclosure Cleanup Business Grow Calendar 2011
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