NFR provides property preservation services for lenders and loan servicers in all 50 states, to ensure their properties are preserved and maintained in compliance with regulatory guidelines. Property preservation regulations vary based on loan type, as well as local, state, and federal legislative standards. We provide timely, efficient property preservation services such as securing, lawn and pool maintenance, winterization, debris removal, code enforcement and violation management. Our clients rely on NFR’s team of preservation specialists to maintain their properties and meet all conveyance condition guidelines.
Our Property Preservation Services Include:
NFR provides lawn and yard maintenance to protect the property from local ordinance violations. Prevent degradation of the property’s exterior with mowing, weeding, trimming, sweeping and removal of debris. NFR will remove all trimmings and clippings in compliance with local and jurisdictional guidelines. NFR uses a proprietary system to efficiently and effectively create auto renewing orders based on client directives to ensure code violations do not occur.
NFR will provide initial secure services per investor guidelines and/or clients requirements. Initial secures could include: changing entry locks, locking windows and doors, winterizing the property if applicable, removing raw garbage or hazardous materials, Completing a grass cut and adding the property to the automatic grass cut system.
NFR will protect your investment by winterizing unoccupied properties. The process will prevent potential damage as a result of freezing temperatures. Service will be performed to meet investor requirements by loan type.
NFR will change locks per the specifications set forth by the client.
Conveyance Condition Management
NFR will secure, inspect and preserve the property putting it into conveyance condition. Nfr will place your property into conveyance condition, keeping you apprised of all steps of the process through utilizing our proprietary system of record, and using client facing tools such as BidMilestones for complete portfolio transparency.
NFR will remove interior and exterior debris from the property under the direction of the loan servicer or investor specifications.
NFR will complete this type of work to the standard of investor requirements for each property.indicating pools NFR’s services include covering, decking, draining, chemical treatment and maintenance. Including the installation of gates and locks.
NFR will work with service providers in the event they need to gain access to a property for inspection, maintenance, repairs, utility services, etc.
Upon receiving a notice of an unsecured property, our team of preservation specialists will re-secure the property immediately and check all window and door locks to prevent future risks following client’s requirements.
Cash for Keys
NFR can provide property occupants the negotiated cash, on the behalf of the servicer when the occupants vacate the dwelling in exchange for a pre-agreed upon sum of money. In many instances, the cash for keys program is much faster, and less expensive for stakeholders and a worthwhile alternative to a lengthy eviction process.
Mold / Discoloration Remediation
NFR will remove, clean, sanitize and disinfect mold or mold related contaminants in a property. In addition, we work to identify the source of the mold and eliminate it.
Code Violation Management
Code violations include registration non-compliance, debris, neglect, and poorly maintained lawns, among other things. Our team of preservation experts will inspect a property to ensure it meets all local and state codes and perform the necessary preservation services in the event the property needs to be brought back to its original, conveyance condition.
When occupants are evicted, our property preservation team will support the eviction by working with local authorities to complete the lock-out process. We will remove any debris left-behind by the occupants and secure the property pre the specifications outlined by state and local jurisdiction.
Insurance Claim Repairs
NFR has a specially trained and dedicated team to deal with damages/repairs resulting from insurable losses such as natural disasters, vandalism, theft, etc. This team is intimate with the details, materials, pricing, scopes provided by the insurance carrier, etc.