VA Property Preservation Contractors Should Follow Local Code Requirements

6. Local Requirements. Holders must ensure compliance with all city, county, or other ordinances concerning property preservation. Most security instruments have a provision that permits the holder to take action to protect the property securing the loan, to advance any reasonable amount necessary and proper for the maintenance or repair of the security, and to add such an advance to the guaranteed indebtedness. The removal of hazardous materials, the correction of hazardous conditions, and the avoidance of liens are primary concerns. Continue Reading

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How To Find Good Property Preservation Companies To Work For

How To Find Good Companies To Work For

How To Find Good Companies To Work For
an ebook by Mr Preservation
Immediate PDF Download
$6.49

Most contractors are pretty good at what they do. Some contractors are outstanding at what they do. Normally, the outstanding contractors have gained that reputation because of their ability to turn out quality work and the ability to turn out quality work requires many talents, two of which are always close to the top of the chart in importance: focus and dedication. This manual was written for the contractor that is focused and dedicated to other portions of the business. Read it, understand it and assign your company research tasks to someone you trust. Continue Reading

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Joe Hummel Understanding Reporting Damages

Understanding Reporting by Damage Categories

Understanding Reporting by Damage Categories
By Joe Hummel

 
Understanding Reporting by Damage Categories
By Joe Hummel
TO ASSIST IN REPORTING IMPROVEMENT, I have given perspective to reporting by understanding Insurer regulation. In this case I am focusing on HUD regulations, and reporting per compliance to Convey Condition. All damage reported in a property is broken down into categories. These categories are used to itemized loss by category to remain congruent with Insurer categories mandated by mortgage type. Each Servicer client requires damage reporting per category consistent with HUD ML 2010-18, all damages are reported under the following categories affecting convey based on acceptable Conveyance standards: **This is the contractors standard to be followed while working under contract in the Property Preservation Industry servicing HUD properties. Continue Reading

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Agreements Among Competitors

This post is the first of what will be a continuing series of short articles designed to inform business owners of tools that may have been previously unknown to the business owner.  We are applying the lablel of “tools” to everything that may be of use to the business owner:  individuals, groups, associations, government agencies, reference to laws, complaint sites, etc.  There will also be short articles intended to stimulate your thought processes and cause you to questions things you see and things you hear; even the things you see printed here. A new page has been created for you to use as a quick reference to the tools we write about here in the posts.  The name of the new page is “The Underdog Toolbox”. As a business owner, you have a considerable investment in your future.  In fact, your future and the future of those you care for, is probably greatly dependent on how well you are able to compete in the marketplace.  Facing unfair competition or questionable business practices of others only makes your efforts that much more difficult.

If you have ever questioned the practices of companies you may be dealing with, or considering dealing with, you may want to learn a little about the antitrust laws of the United States.  Antitrust complains are investigated by the FTC (Federal Trade Commission” and the following is taken verbatim from their web site which you will find listed in The Underdog Toolbox. What Is Antitrust? The word “antitrust” dates from the late 1800’s when powerful companies dominated industries, working together as “trusts” to stifle competition.  Thus, laws aimed at protecting competition have long been labeled “antitrust.”  Fast forward to the 21st century: you hear “antitrust” in news stories about competitors merging or companies conspiring to reduce competition.  The FTC enforces antitrust laws by challenging business practices that could hurt consumers by resulting in higher prices, lower quality, or fewer goods or services. Continue Reading

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