News for NAMFS Members

As home foreclosures continue to rise, a growing number of local governments are imposing stiff fees on mortgage companies responsible for the vacant properties.

Setting the price for property preservation services can be a tricky undertaking. The bulk of existing pricing is based on archaic federal guidelines rather than current materials costs, the cost of maintaining a property preservation company in today's market, and the recent influx of foreclosure properties. A strong case can be made for re-analysis and adjustment of the prevailing property preservation pricing structures.