Property Preservation Services

Property Preservation Services

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Property Preservation Services fall into eight industry recognized categories. These categories came about because Mortgagee Letters, the HUD Regulations published for lenders, normally contain a section titled “ Specific Preservation Requirements”. Within that section are listed eight services. The Mortgagee Letters also contain a chart that list the fees HUD will pay for a variety of services. This chart adds Debris Removal to the categories and separates Yard Maintenance and Snow Removal into two separate categories. Adopting these categories gives us the headings normally seen for property preservation service sectors:

 

  1. Securing
  2. Roof Repair
  3. Pools, Hot Tubs and Spas
  4. Boarding
  5. Yard Maintenance and Snow Removal
  6. Winterization Requirements
  7. Demolition
  8. Inspections