Leave it to the REO Experts

By April 12, 2017Foreclosures, REO

Our goal is the same as yours – to optimize your return on capital. FRFS is a national field service and property preservation solution that is likely cheaper than a fixed-cost in-house solution.

Aaron Klein (no relation to Mark Klein), former United States Treasury Department Deputy Assistant Secretary for Economic Policy recently indicated that “under a conservative set of assumptions, a vacant property causes losses of approximately $150,000 in the first year. $133,000 from reduced property value for its neighbors, $14,000 in increased crime and $1,500 in increased costs for police and fire departments”.

While these numbers may seem extreme, there is no doubt that communities are cracking down on blighted homes. Don’t worry – Occupied or Vacant, FRFS has you covered. Our focus is to maintain properties so they are identical to owner-occupied homes. As your first line of defense, FRFS helps you avoid costly fines and repairs. We do it all, ranging from but not limited to contact or no-contact inspections, BPO’s/appraisals, major and minor repair work in addition to spearheading the eviction process. In fact, every estimate obtained is reviewed and approved by FRFS’s in-house licensed contractor. This system allows our FRFS pro to “talk the talk” and ensure every single estimate obtained is fair and accurate for our clients. Partner with an expert and leave it to the pros at First Rate so you can focus on what you do best.