Property Manager Benefits

Track foreclosures on managed properties

Property Managers are affected by the current foreclosure market, as the New York Times identifies:

 
"There are no exact figures for how many renters have been evicted because of foreclosures, but a survey taken this year by the Mortgage Bankers Association found that one in seven foreclosures was non-owner-occupied. This figure probably underestimates the problem, according to the association, because buildings receive tax benefits if they are registered as owner-occupied. More than one million properties are expected to enter foreclosure this year."
~ The New York Times, November 18, 2007

With so many non-owner-occupied properties heading into foreclosure, you can potentially be left in the dark and exposed to the risk of lost revenue. With ForeclosureRadar's search and tracking tools you can easily check the status of the properties you manage.

Property Management Tasks

  • Quickly find which of your managed properties are in foreclosure.
  • Screen new clients for recent or current foreclosure activity.
  • Help newly displaced renters find suitable housing.

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