The property preservation business is slow. Safeguard Properties is promoting unbreakable windows for boarding vacant homes. But, they don’t have the corner on the market. “There are other products on the market that do the same thing,” as stated by Robert Klein.
I suspect that some of the Mortgage Order Mills (MOMs) may be going out of business. Safeguard Properties may be the only one standing. Oh wait, Wells Fargo is now offering a 3% down payment mortgage … that may beef up the foreclosures.