U.S. Foreclosure Market Q1 2020

To give you in-depth insights regarding the U.S. national housing market here we present the breakdown of the  Q1 2020 U.S. Foreclosure Market Report. 
During the Q1 of 2020, there were a total of 156,253 U.S. properties with a foreclosure filing. Compared to Q4 2019, it is up by 42% but it is down by 3% from a year ago. 
The foreclosure process has started on 81,251 properties (+ 1% from Q4 2019 but -11% from Q1 2019). 

Banks repossessed 29,923 properties (REO), ( -28 % from Q4 2019 and -16 % from Q1 2019). This is the 16th successive quarter with a year on year drop in U.S. REOs. Over 40 states recorded year on year decline in REOs including Tennessee (- 39%); Florida (-37 %); New Jersey (-33 %); Pennsylvania (-32 %); and Texas (-29 %).
While the majority of states reflected the national trend of a decrease in foreclosure starts, in Q1 2020 foreclosure starts increased in 11 states: Alaska ( +16 %); Georgia (+ 12%); California (+ 10 %); Delaware (+3 %); Illinois (+ 1 %), etc.

Foreclosure Market Overview  for March 2020

In total 27,812 U.S. properties started the foreclosure process in March 2020 (+ 3 % from February 2020 but -14 % from March 2019). Nationwide the foreclosure process was completed on 9,091 U.S. properties (-13 % from February 2020 and -25 % from March 2019). 
In Delaware, New Jersey, Illinois, Connecticut, and Florida states were recorded the highest foreclosure market rates. 

These insights show how strong was the U.S. national housing market. However, because of the Coronavirus pandemic in March, millions of Americans started losing their jobs. It is expected that in the next few quarters the foreclosures will get even lower, such as lenders (banks) are offering forbearance. However, if unemployment continues to rise people may not be able to make their mortgage payments, so numbers of REOs could rise later this year. 

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Property Preservation Jobs For Vendors in New York

United Field Services is currently taking on property preservation vendors, as well as licensed contractors for rehab and renovation throughout the entire state of New York.

Working within our organization is simple, – our order management software is intuitive and straightforward. Training is offered on an ongoing basis to ensure that we’re maintaining the highest quality vendor teams.

Description

Property preservation work will include but is not limited to:

• Grass cuts
• Lock changes
• Lockbox installation
• Winterizations
• Dead tree removal
• Shrub trimming
• Board-ups debris
• Trash outs
• Hazard removal
• Mold remediation
• Inspections

Rehabs range from minor repairs to full renovations.

Property preservation vendors in New York fill out a vendor application here to get started.

Requirements

• Must have a contractor’s license for rehab and renovation work if required by the New York state.
• Must have at least 2 years of field experience in property preservation and REO field services.
• Must be able to take clear & wide-angled before, during, and after photos of work.
• Must be able to meet deadlines for work orders and work with a high volume of orders.

Your eligibility and continued membership in our vendor network are determined by the quality of work, turnaround time, honesty, proper reporting, and proper documentation updates.

Our nationwide vendor network is our eyes and ears in the field, and we require a high level of commitment and professionalism from our vendor partners as we need you to ensure that we are all stronger in our solid front for customer exposure and satisfaction.

How to Apply

Please fill out a vendor application if you have at least 2 years of experience in the REO field services and asset management industry

If you have any questions, feel free to contacts us today:
Alin@unitedffs.com (818) 230-0300

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Q&A With A Vendor

United Field Services, Inc has a nationwide network of vendors that includes property preservation companies that have at least 2 years of experience in the REO field services and asset management industry. Our nationwide vendor network is our eyes and ears in the field, and we require a high level of commitment and professionalism from our vendor partners as we need to ensure that we are all stronger in our solid front for customer exposure and satisfaction. 

To talk about some of the challenges and opportunities field service companies face and how do they resolve them, we have started a series of Q&A’s with our vendors.

This time we conducted a Q&A with our vendor Steve.
Steve’s company provides a full spectrum of property preservation services – securing of property, winterization, debris removal, inspections, lawn maintenance, and rehab & repair services. 

What sets you apart from your competitors?

Our combination of experience, dedication, well-trained staff, and internally developed servicing systems has enabled us to serve as a single-source provider for many of our clients. We provide our clients with critical information regarding a property’s condition, occupancy information and helps to ensure that vacant properties are secure and adequately protected throughout default, foreclosure, and sale.

What are some challenging aspects of running a field service business?

Some of the challenges of running our business are to stay up to date on the real estate market. We continue to subscribe to certain webpages and associations to provide this information to our company.

What are your team’s values?

Dignity and respect. This is the foundation of our company. It is how everyone we encounter is treated (colleagues, clients, customers).

What areas of training are you currently prioritizing?

Technical skills are a priority as systems change frequently and it is imperative that we stay up to date on what is being used in the industry.

field service workers

How do you track customer satisfaction rate? How do you resolve conflicts with customers? 

Our company has an internal quality control system. Our turnaround time is most important as this is crucial to our clients. We keep any and all client/customer satisfaction emails, letters on file; If we encounter conflict or issue with a customer we address the issue immediately to find a satisfying solution for all parties.

How do you make sure to meet the growing customer needs? 

We feel our customer expectation is to receive the best service possible. Our company, as indicated before, continues to stay at the forefront of the industry standards to meet this expectation.

If you want to read more and learn about property preservation, follow us and subscribe here.

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Lawn Care and Maintenance Guide For Beginners

Maintaining a lawn is not an easy task, especially for beginners. To help you with that we have the best lawn care tips from experts to help you get your best lawn ever. These lawn care basics will guide you on how to start and where to go from there.

1. The Lawn Care Starts From Soil

 

Soil Testing

 

First, learn about the qualities of your soil. Take soil samples from your garden to test soil for essential factors such as soil pH in a lab. Include samples for spots with problems. From the lab, you can receive specific recommendations for your lawn care plan. If there are any issues, fix according to lab recommendations.

 

Soil Aeration

 

Air pockets of soil that enable nutrients and water to reach the roots of the grass, over time get reduced. To solve this, aerate the lawn. It will help the lawn to get nutrients and water it demands to grow strong all year long. Spring is a perfect time to organize aeration.

 

Fertilization

 

The soil test results will prescribe how much fertilizers your lawn needs (usually per 1,000 square feet), based on its organic matter, structure, and other factors. Also, consider the nutritional needs of the grass that you plant.
It is recommended to fertilize lawn in its growing season every 6 weeks. Feed the lawn with compost or manure. Choose organic options over chemical fertilizers. Consult with a specialist.

 

2. Grass Selection

 

There are extensive options for grass selection, that vary in their tolerance of ranges of soil pH, fertility, moisture, and temperatures. They may also be different in their resistance to stresses caused by different factors such as wear, mowing, and insects and diseases. Experts recommend selecting region-appropriate lawn grasses.
As a result, it will require less maintenance time and resources.

3. Watering The Lawn

 

Plan watering frequency and timing according to the grass type and water needs. In general, the water evaporates less in the morning, so watering in the morning is recommended by experts. If the lawn is newly seeded, water more to support its establishment process.

4. Mowing

 

Different Grasses have a different optimal height that you should consider planning to mow. When the grass reaches its optimal high start mowing the lawn. Mowing tall grasses will cause difficulties, shock roots, and dull the blades of the mower. Read this post to find out the optimal mowing height of the grass variety.
When it reaches the one third or more of the suggested mowing height, cut it. If it is suggested cut grass after 2 inches, then its mowing time is when it will reach 3-inch height.

Lawn Care Tips for Each Season

 

Care Tips For Spring

  • Don’t mow wet grass. It will increase the chance of spreading grass diseases.
  • Fertilize. In the spring apply fertilizer as your grass begins its most active growth.
  • Aerate in a day when the soil is damp but not soaked.
  • Apply a pre-emergent herbicide to prevent weeds from taking root in the lawn.

Care Tips For Early Summer

  • Watch out for grubs. When using insecticides follow all label directions
  • In early summer grass is starting to grow fast, and there will be a need for cutting more than once a week. But mow 1/3 of the grass blade.
  • Weeds that are left after an herbicide application, remove with a garden fork.

Care Tips For Summer

  • Frequent sprinkles of water boost shallow root growth, so deep and infrequent watering is preferable.
  • Regularly clean up any leaves, branches, and debris.

Care Tips For Fall

  • During the fall season keep your lawn free of leaves and other debris.
  • Fertilize the lawn. The grass will store the nutrients in its roots in the dormant period in winter and use them for growth when springs come.


Need help with lawn maintenance?  Contact us to get the best service. United Filed Service, Inc. has a nationwide vendor network of dedicated lawn care specialists always available to meet your needs.

 

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Property Preservation Jobs At United Field Services, Inc.

Here we present the top locations where we are urgently looking for new vendor partners to join our network. We will update the following list on a weekly basis. In order not to miss any opportunity make sure to follow the updates and apply them. Please learn about our requirements before you proceed to apply for property preservation jobs.

Description Of Available Jobs

  • Home inspection service companies located in Livonia city, New York state
    are welcomed to join our network.

  • We need lawn care service providers in Algoma city, New York state.
  • Snow removal service providing companies operating in South Plymouth city, New York state join us for rush work.
  • Property preservation companies located in Jamestown city, New York state please fill out a vendor application form to become a vendor partner.
  • Property preservation companies serving in North Richland Hills city, Texas state join us for rush work in your area.
  • We are urgently looking for grass cut service providers serving in Shreveport city, Louisiana state to join our network.
  • Lawn care service companies serving in Brookhaven city, Mississippi state we need your help.
  • Home inspection service companies serving in Lufkin city, Texas state join us today.

    To get comprehensive information regarding the jobs listed above please reach out to our vendor management department: alin@unitedffs.com |  (818) 230-0300

Property Preservation Job Requirements

• Applicants must have at least 2 years of field experience in property preservation and REO field services.
• Must be able to take clear & wide-angled before, during, and after photos of work.
• Must be able to meet deadlines for work orders and work with a high volume of orders.

Your eligibility and continued membership in our vendor network are determined by the quality of work, turnaround time, honesty, proper reporting, and proper documentation updates.

Check out additional grass cut, lawn care, construction work opportunities at United Field Services, Inc. in other states here. If you have questions regarding partnership opportunities and pricing please, contact our vendor management department.

Follow us on LinkedIn to see the updated list of property preservation jobs every week.

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Renovated Property by United Field Services, Inc.

Newly Renovated Property

As a trusted partner of mortgage companies and banks all over the United States, we always make sure that renovations and property preservations services are done with the highest quality and within deadlines. In this blog post check out the pictures of a renovated property that displays all the hard work our licensed contractors put in order to serve our clients timely effectively and with the highest quality.

room with windows and white door of a remodeled property
living room of a remodeled property

Bedrooms

This renovated property has two bedrooms, where our crew replaced the floors, added windows and redesigned the walls.

wooden doors of a bedroom of a remodeled property
large bedroom with two windows

Renovated Kitchen

The lightning, size, the design concept of this kitchen are perfectly matched and the outcome is beautiful! Within the scope of the renovation project, our contracts installed the cabinets, floors were replaced and windows were added. 

side picture of a kitchen
White kitchen design
White kitchen with wooden floor
Kitchen designing ideas

Renovated Bathroom

This bathroom has a unique style and has the same vibe as the other rooms of the property. The wooden furniture accentuates it’s uniqueness and perfectly fits in the concept of the entire house’ style.

white bathroom with wooden door

Check out more property remodeling and renovating projects successfully completed by the licensed contractors of United Field Services‘ crew.

If you are a contractor and you are interested to join our company as a vendor/partner, register your company here. In case of questions, refer to our vendor management department.

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A Talk With A Field Inspection Service Vendor

This week we conducted an interview with one of our vendors who provides field inspection services to discuss the challenges they face and how do they make sure to meet growing customer expectations.
The vendor who we talked with is Mila. Her company was founded in 2015 with a mission to change the way mortgage inspections are done.

What sets you apart from your competitors?

We take pride in our work and treat all field inspectors with the respect they deserve. This creates an atmosphere of trust and positivity within our company, resulting in happier team members and satisfied clients.
What sets us apart from our competition is our personal approach to our work. We put our clients and our inspectors first. A company is only as good as its people. We strongly believe that happy employees and satisfied clients are the keys to business success.

What are the daily changes you face and how do you approach them? 

We as a company face the daily challenge of balancing client’s expectations with our team members’ personal life-work balance.

We value family and strongly believe that family should come before work. However, ensuring that day-to-day operations run smoothly while being respectful and considerate of our inspectors’ personal needs can be a challenge. We handle this by maintaining a staff of the full time and part-time field specialists who are ready to jump in and help out wherever and whenever needed.

Where do you see your business in the next five years?

We are constantly growing and expanding, opening new zones and on-boarding new clients every month. In five years, we will be the premier mortgage field services company in the Mid-Atlantic.

What are your team’s values?

Trust, respect, and accountability are the top values in our company. We keep our employees motivated by consistently providing them with new growth opportunities. We are not afraid of change and adapt to new situations quickly by taking whatever opportunities come our way.

What areas of training are you currently prioritizing?

We are currently refining our vendor management process.

How do you track progress in your business?

We track our progress by monitoring our sales revenue and monthly volume, both by the client and by zone. The most important metrics are sales by a client because we want to ensure that all clients are satisfied with our work.

How do you resolve conflicts with customers? 

We track customer satisfaction by ensuring that sales by a client are growing on a monthly basis. We tend to have minimal conflicts with our clients. Our general approach is it’s better to take a one-time loss to resolve a short term conflict in order to establish a long term relationship.

What are customers’ expectations and do they change?

Clients are always re-adjusting their rules and expectations. The only constant in this industry is changing. We are very adaptable in this regard, adopting new rules quickly and making sure all our field inspectors are up to date.

If you are interested to read more interviews follow us on LinkedIn.

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U.S. Home Builder Confidence Declines In March 2020

The current uncertain economic conditions have impacted home builders’ confidence. NAHB/Wells Fargo Housing Market Index dropped 2 points to 72 in March 2020. Despite the decline, NAHB Chairman Dean Mon stated sentiment remains strong as low mortgage rates are anticipated to raise demand in the housing market with limited offers for home buyers.

For determining March’s HMI, half of the responses of home builders were received prior to March 4. 21 % of home builders who participated in the survey before March 4 report some disruption in supply due to coronavirus in other countries such as China. 33 % amongst home builders who answered the survey after March 6 indicated that this is an emerging issue.

The impact of the Coronavirus and current stock market declines are expected to reflect more in the following month’s report for NAHB/Wells Fargo Housing Market Index.

NAHB/Wells Fargo Housing Market Index is derived from monthly surveys that the National Association of Home Builders (NAHB) has been conducting since 1985. It indices single-family home sales and sales forecasts for the subsequent six months according to builder perceptions.

Survey participants are asked to evaluate present market conditions for new home sales and the next six months on a scale of “good”, “fair”, “poor” and “high to very high”, “average” or “low to very low” the traffic of prospective home buyers. Afterward, scores for each segment are used to determine the monthly HMI index.

HMI is a diffusion index and its reading ranges between 0 and 100. That means that a monthly index above 50 indicates a favorable and below 50 indicates a negative outlook on home sales.

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Property Preservation Companies in Arkansas Join Us

United Field Services is currently taking on property preservation vendors, as well as licensed contractors for rehab and renovation in the following counties of Arkansas state: Jefferson County, AR; Ashley County, AR; Baster County, AR.

Property Preservation Work Will Include

  • Grass cuts
  • Lock changes
  • Lockbox installation
  • Winterizations
  • Dead tree removal
  • Shrub trimming
  • Board-ups debris
  • Trash outs
  • Hazard removal
  • Mold remediation
  • Inspections


*Rehabs range from minor repairs to full renovations.

Application Process For Interested Vendors

Fill out our vendor application if you have at least 2 years of experience in the REO field services and asset management industry.

To obtain additional information contact us directly:
info@unitedffs.com (818) 230-0300

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Home Renovation Project Completed by United Field Services, Inc.

Renovation Project Description

In this whole home renovation floors were replaced in each room and windows were added as well. 

room with white walls
Renovated living room
Living room renovation

Kitchen Renovation

The kitchen was completely renovated and included new wooden cabinetry, marble countertops, and tile floor.

Wooden kitchen renovation with tile floor
Wooden kitchen renovation

Bathroom renovation

Below are presented the pictures of the renovated bathroom. It has a simple and modern design. As an updated/added bathroom to a home is a home remodeling project that adds value, we made sure that all improvements are done properly and will guarantee longlasting quality.

Remodeled bathroom with marble sink
Remodeled bathroom

Our extensive experience in the mortgage field service industry helps us to organize home improvement projects smoothly and timely. As a client, you can be sure that we will bring your dream renovation into life within the shortest timeframe.

To start the process contact us and we will get back to you shortly to discuss the details.

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Property Preservation Jobs For Vendors in Oklahoma

United Field Services, Inc is one of the most assorted and experienced providers of mortgage services in the industry. Our industry-leading solutions support the entire spectrum portfolio life cycle, from REO Property Preservation, construction & rehab, to inspections and appraisals.

We are currently taking on property preservation vendors, as well as licensed contractors for rehab and renovation throughout the entire state of Oklahoma.

Fill out a vendor application to get started.

Description

Property preservation work will include but is not limited to:

Grass cuts
• Lock changes
• Lockbox installation
• Winterizations
• Dead tree removal
• Shrub trimming
• Board-ups debris
• Trash outs
• Hazard removal
• Mold remediation
• Inspections

Rehabs range from minor repairs to full renovations.

Requirements

• Must have a contractor’s license for rehab and renovation work if required by the state.
• Must have at least 2 years of field experience in property preservation and REO field services.
• Must able to take clear & wide-angled before, during, and after photos of work.
• Must be able to meet deadlines for work orders and work with a high volume of orders.

Your eligibility and continued membership in our vendor network are determined by the quality of work, turnaround time, honesty, proper reporting, and proper documentation updates.

Our nationwide vendor network is our eyes and ears in the field, and we require a high level of commitment and professionalism from our vendor partners as we need you to ensure that we are all stronger in our solid front for customer exposure and satisfaction.

Our goal is to create a mutually beneficial relationship with a wide range of vendors who are willing and able to contribute to our continued success through ongoing and thorough training and following clear guidelines and procedures. Working within our organization is simple, – our order management software is intuitive and straightforward and training is offered on an ongoing basis to ensure that we’re maintaining the highest quality vendor teams.


How to Apply

Fill out a vendor application if you have at least 2 years of experience in the REO field services and asset management industry.

Or contacts us: Alin@unitedffs.com |  (818) 230-0300

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