Each property affected by the mortgage meltdown has hundreds of photos each visit to the asset. NOW Property Preservation is responsible when securing the home and performing maintenance work to be able to 'tell a story' to the banks about the condition of the homes and what needs to happen to enhance them. It is important to ensure that any vandalism is reported quickly and police reports filed, for example. Also, it allows the bank to truly decide if what, if anything, they would like to repair.
The technology upgrade introduction by Sam Sesi and NOW Property Preservation has extremely allowed the streamline of business which resulted from the mortgage meltdown. "It all boils down to the photos. A contractor can state that they performed lock changes, grass cuts, and trash outs - to name a few, but if the contractor did not take any photos, then it makes no sense to do the work. Naturally, there are additional requirements that the contractors are aware of. Basically, the bank provides a checklist of all items required and out of 100 things, if one is missing, then it is not done. ", states the Quality Control Director.
Sam Sesi and NOW Property Preservation have the infrastructure of the technology upgrade necessary to store and access the millions of photos for each property address.
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NOW Property Preservation works with banks and communities to preserve and maintain bank owned homes.