Foreclosure in Crystal Lake>Question Details

Lou, Other/Just Looking in Crytsal Lake, IL

I am interested in cleaning/maintaining foreclosed homes (NW IL). Is there a market? How do I get started?

Asked by Lou, Crytsal Lake, IL Mon Mar 9, 2009

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hi i watched this video and got some idea how it works its about forecluser realators and still not all of them offer it but once you have one it will get easier after that im going to try it out after the holidays wish me luck and good luck to you


http://youtu.be/z5CHWO1EkC0


p.s. you dont have to signup with their website if you dont want to
0 votes Thank Flag Link Wed Dec 24, 2014
What a great idea, check with Fannie Mae (Homepath Homes). Find out how you can get a list of agents who are selling their properties in your area. These properties are indeed freshened up with paint, new carpet and cleaners come in to clean. If the listing agent is not contacting the contractors on behalf of the bank to do the work they may know how you can find out. I'm sure someone with Fannie Mae will be able to answer that. Good luck!
0 votes Thank Flag Link Fri Jun 28, 2013
i have opened a cloeaning/maintaining foreclosed homes business in indianapolis, indiana. i was tring to find out how to market my business and where do i look for business?
0 votes Thank Flag Link Thu Jun 27, 2013
Lou, I own a foreclosure cleaning business http://www.ilcleanout.com that actually services your area and am happy to report that there is a market...to an extent. Although banks and real estate professionals need these properties cleaned, there is only so much they are willing to pay for.
Since REOs are typically sold "as-is" (and that can mean anything from a perfectly normal property to a home with a cracked foundation, burst pipes, etc.) the banks are not concerned with fixing them up.
that is usually the ob of the investor or first time home owner who purchases them at a severe discount. You may want to adjust your business model and do some research before figuring out what services you want to offer.
Then again, maybe you do want to specialize in a certain field and rather than try to get business from Banks, Asset companies and real estate professionals, you may want to work for a company like mine on a contractual basis.

Either way, the one thing I can tell you is that this industry is harder than people make it seem and there is a ton of tough competition out there.

If there is anything else I can help you with, please contact me at http://www.ilcleanout.com
Web Reference: http://www.ilcleanout.com
0 votes Thank Flag Link Sat Mar 21, 2009
Lou, I am in Minnesota wondering the same thing, so I am wondering if you may have gotten any good info or feedback other than on this site? If you have and would be willing to share, my e-mail address is dhayesr@inbox.com. I would appreciate very much to hear back from you if you have any info. Thank You for your time. Dan
0 votes Thank Flag Link Wed Mar 18, 2009
Hi Lou

Your best bet would be to contact an agent that deals with REO properties to see if there would be a need.

Good Luck!

Melissa Leetzow
Coldwell Banker Primus
815-382-2957
0 votes Thank Flag Link Tue Mar 10, 2009
I would say no. Do you think any of these banks are going to pay for this service! They may pay for a one time clean up and you can go after this. But they will not pay for Maintaining or Fixing anything.
0 votes Thank Flag Link Mon Mar 9, 2009
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