Resources, education and tools from MCS to help manage and preserve assets across
the Commercial, Single-Family Rental and Property Preservation industries.
Nine 'Must Know' Property Preservation Terms Broom-swept condition: The property is, at a minimum, reasonably free of dust and dirt and free of hazardous materials or conditions, personal belongings and interior debris. Default: A default is a breach of...
Property preservation work can be a great way to round out your handyman services business and hedge against economic downturns. But entering a new line of work may seem overwhelming at first. Here are a few key concepts to understand about the industry so you’re...
MCS is looking ahead to 2024 and focusing on continued innovation to support our clients and drive the industry forward. With more than 20 years of industry experience, Chad Mosley, President of MCS's Mortgage Services division, offers his insights on the state of the...
For properties that become real estate owned (REO), a solid renovation strategy can help yield greater returns and faster sales. Here's how to sell the homes on your books quickly and get the best-selling price while creating better-quality assets for first-time...
As handyman, locksmith or other service provider, are you looking to add property preservation work to your portfolio? Welcome to Property Preservation 101. We’ll explore why the work is important, how it can help your business grow and what you’ll need to focus on to...
The vacant property registration (VPR) process is one aspect of property preservation that may seem insignificant at first glance. But VPRs can cause headaches and trepidation for many servicers, as small fines compound into major penalties—sometimes on a daily basis....
A proactive and reliable property preservation partner is critical for mortgage servicers. Why? Because the clock is always ticking, and time is money. With tight FHA conveyance timeframes, finding a partner that understands HUD processes is essential. FHA conveyance...
Spurred on by the pandemic and the housing boom that preceded it, the rise of hybrid appraisals was an attempt to modernize the process. Here's what you need to know about this appraisal type. Hybrid appraisals vs. desktop and traditional appraisals First, let’s take...
Property preservation comes with its share of risky situations. But working with a trusted partner can help you reduce the chance of fines and violations. Here are three important ways a property preservation services partner can be your ally—and what to look for when...
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should always consult your own tax, legal and accounting advisors to help properly manage your...
