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Start A Foreclosure Cleanup Business All Locations : Nationwide Real Estate Advice

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Activity 49
Showing results for Start A Foreclosure Cleanup Business [Clear search]
Wed Dec 9, 2015
Jordan answered:
I have the same Idea in the Chicago area, sadly this looks like a good growth business. The banks will always need to have those forclosed homes ready for sale.
0 votes 34 answers Share Flag
Sat Jan 21, 2017
Mike Kelly Allison Norman answered:
Get the inspection and sleep better at night. In some of our cities this is NOW required. Some actually have laws in place which will MAKE you replace any damaged sewer lines to the street. If you are in your due diligence period then get it done. Your agent, who might be right, should NOT be annoyed. ... more
0 votes 66 answers Share Flag
Thu Jul 20, 2017
Jeremy Sulak answered:
You may want to check out a previous post, its brief but sums up how I got my start 3 years ago

Best Wishes

Jeremy Sulak
... more
0 votes 125 answers Share Flag
Fri Nov 18, 2016
Mike Lewis answered:
Call your local board of Realtors and ask if you can give a free presentaion on your services.
0 votes 33 answers Share Flag
Mon May 2, 2016
Monte Duncan answered:
I have had to get a trash out done on foreclosed property in the past. I have had local contractors/vendors charge so much per cubic foot. I have also received estimates from a vendor based upon how many man hours he anticipated it would take to load up all of the junk and he added what he estimated the dump fee would be at the local landfill. Based upon where you live local vendors could establish their price this way or perhaps other ways. You may want to check with some of the local Realtors who commonly work with REO property and see what their experiences have been. Generally the companies handling the REO properties have a dollar amount they can approve without a supervisors approval and in some cases without a detailed written estimate from tow different contractors or vendors. ... more
0 votes 7 answers Share Flag
Sat Jul 5, 2008
Vicky Chrisner answered:
trying to buy or sell in this market is not fun. but, no there are no ethical issues here. quite honestly, i have not heard of a bank countering. they usually make you bid against yourself, and buyers complain about that. Very commonly prices are escalating above list price. You can try an escalation addendum - some banks will consider those. If they countered you, it must be that yours is the best constructed offer, but not at the price it needs to be to win the bid. Apparently, they'd like to sell to you. Do you want to buy it?

If you want to read a crazy feed on this, read below. You'll soon pick up that "acer" is a conspiracy buff - but lots of professionals (even ones I normally disagree with) AND buyers will tell you this is common place.

Heck, in the past couple months I had one CASH buyer who never bid less than asking price, could close in 2 weeks with no contingencies... and HE WAS BID OUT, a couple of times. I assume you're a more normal buyer w/financing contingencies and the like?

GOOD LUCK, hang in there - it will be worth it, I promise
... more
0 votes 7 answers Share Flag
Yesterday at 9:21am
Michelle Drury answered:
I work for a company that does this. What area are you in? Have you tried to look at other companies that are doing this to see what specific types of services are being offered?

I feel that my boss is being way too picky in the services he does offer and he is being stubborn concerning on how to advertise his company. So far he is refusing to use the internet as a medium.

Frankly I wish I could start my own company as well, however lack of funds is my first issue, then lack of experience with contracts is my second issue. Otherwise I feel I know the rest of the business and how to deal with it in a professional manner.
... more
0 votes 37 answers Share Flag
Fri May 5, 2017
Michael Kieffer answered:
Go through your local MLS and look for REO (real estate owned) agents and contact them. The banks work through them. Be carefull, banks are slow pay.
0 votes 22 answers Share Flag
Mon Apr 24, 2017
Dot Chance answered:
Hi, John. An agent in my office is getting a lot of foreclosure listings from lenders that he has done business with over the past few years. It appears that he is be rewarded for all the business he gave them - that's my guess! ... more
0 votes 70 answers Share Flag
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