Asset management firms are in a constant race to preserve local home values through the effective upkeep of vacant properties.
At HousingWire’s Real Estate Expo (REX Annual) on Monday, experts spoke on the subject of “Help Us Save Our Neighborhoods.” The idea behind the discussion was to visit code compliance issues, revealing effective ways to ensure property values are not weighed down by troubled and vacant properties.
Members of the panel included: Robert Klein, chairman ofSafeguard Properties; Jim Taylor, senior vice president withWells Fargo Home Mortgage; Kelvin Beene with the City of Fort Worth; Jeannie Fantasia, vice president of SecureView; and Eric Miller, executive director with the National Association of Mortgage Field Services.
Taylor said, “If you look at the REOs we sold last year, on average the customer has not made a payment in 16 months. If that is the case, that customer is really in distress.”
Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » Saving property values in the wake of foreclosure | Cross River Real Estate.