How to Get Foreclosure Cleaning Contracts

As the housing market crisis continues as of November 2011, the creation of foreclosure cleaning businesses are also on the rise. Lenders rely on such businesses — also called "property preservation" specialists — to get foreclosed homes prepared for showing. After securing a single contract to provide foreclosure cleaning services and providing satisfactory or better work, acquiring additional contracts should prove easy.

Difficulty:

Easy

Instructions

Things You'll Need

• Business License
• General Liability Insurance
• Internet Connection
• Cell Phone
• Computer

1. Purchasing a bank contact list — a list of all the real estate owned asset management companies in your area. Register your business with the banks and REO asset management companies directly to become a vendor for them.

2. Locate all real estate agents in your area and market your services to them. Send them an email at least once a week and drop off a brochure or flyer describing your service at the office of each.

3. Check your email frequently. Banks send 90 percent of work orders by email. They usually include a timeline for completion of the work. They will evaluate your work. The better your work, the more contracts you will receive.

Tips & Warnings

• Setup a billing system-you will be submitting many bids to the banks and REO Agents and you will want to establish a set billing system

• Be available-when you receive the work orders-accept them right away and you will greatly increase the amount of work you receive

• If you are going to be performing repairs on these properties, check with your local state Contractor's board to see their requirements

References

• NPR; Foreclosure Activity Hits A 7-Month High; the Associated Press; Nov. 10, 2011
• Foreclosure Cleanup Network
• Instant Home Link