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3 simple effective ways to enhance the value of recurring OREO services

7/1/2014 5:23:43 PM

Spring has sprung and the Spring selling season is in full swing! As Banks get their OREO properties in marketable condition after a long winter, they look to their property preservation partners to handle two of the most important services—recurring lawncare and recurring sales clean. In this newsletter, we will briefly discuss the importance of the recurring lawncare and outline ways Banks can enhance its value. The Importance of Recurring Lawncare. The importance of the recurring lawncare service cannot be understated.  The recurring lawncare service ensures that the OREO property does not become a public nuisance, subject to code violations and liens—damaging a Bank’s reputation in the communities they serve. Value Add Services. Banks can enhance the value of recurring lawncare service by having their property preservation vendors provide additional “value add” services.  Below are some possible "value add" services that your property preservation vendor can provide:
  • Perform an exterior inspection of the property ensuring that all access points are secure and documenting any damage and/or vandalism—two sets of eyes are better than one.
  • Verify the lockbox code is working property and the entry key is present—minimizing “showing stoppers” from prospective buyers.
  • Document that the Agent’s marketing signs are visible to passersby.
By enhancing the recurring lawncare service with these “value add” services, your property preservation partner can provide an extra set of eyes at the OREO property–partnering with your Bank protect its reputation in the communities you serve. For more information about these and more “value add” services and how Blue Granite can deliver standardize service, predictable pricing and accurate real time results, please call Mark Francis at 866-981-5096 or email Mark at mark@bluegranitepps.com.   read more..

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