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Property Preservation

When you need property preservation services, one of the insured independent contractors in our nationwide network is always close by.

We ensure that the field service professionals we put to work for you are current with all applicable FHA and VA guidelines, including fee limitations as well as the proper procedures for securing, winterizing and maintaining property. We supply complete written and photographic documentation of all work performed.

Speed & Accuracy
Our contractors receive work orders from us and then return the completed results via a unique Web-based program, PreServeScape. This application allows us to quickly route requests to our contractors, ensuring accuracy and timely completion.

Quality Tracking & Pricing
Contractors submit bids prior to performing any work that will exceed allowable charges. We provide a running total of expenditures and a detailed list of all maintenance performed. We take extra precautions to protect clients from disallowances due to incorrect pricing and unauthorized work.

We back all work performed with a multi-million dollar insurance policy, including coverage for errors and omissions.

Comprehensive Preservation Services
• Winterization
• Lock Change
• Eviction Attendance
• Pool Covering
• Extermination
• Debris Removal
• Window Replacement/Screening/Board Up
• Water Pumping
• Bids/Estimates
• Conveyance Preparation
• Roof Repair

Industry Leadership
As a charter member of the National Association of Mortgage Field Services, Inc. (NAMFS), we utilize our position to stay abreast of industry developments and government reforms. We also:

• Continuously monitor HUD and VA regulations for changes, additions and deletions
• Maintain a database of all local and regional allowable protection and preservation prices
• Stand behind our work and for additional protection, we maintain comprehensive insurance, including errors and omissions coverage.

Other Preservation Guidelines
With regard to conventional loans, there is no predetermined set of preservation guidelines available for government loans. Freddie Mac and Fannie Mae specifications provide some assistance, but are general in nature. Therefore, LPSFS typically determines specific guidelines for conventional loans in cooperation with its clients.

 

 

Questions

For more information or questions regarding LPSFS ’s preservation products and services please contact Client Services via email at LPSFSClientServices@lpsvcs.com or by phone at (440) 633-4100.

 


 

In The Spotlight

 

 

LPS Field Services
INDUSTRY RELATIONS UPDATE
Feature Stories...

 

Maine Regulates Property Preservation - Tuesday, April 15, 2014

A new bill adds new rules for entering and cleaning homes...Read more

 
Winter Storms Prompt Disaster Declarations - Tuesday, April 15, 2014

Maryland and Tennessee will get federal aid...Read more

 
HELOC Resets Loom Ahead - Tuesday, April 15, 2014

The ten-year mark approaches, and with it big mortgage payment increases...Read more

 

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