Services
What is a Field Service?
Local, state and federal
agencies — as well as private investors — require that mortgage servicers
maintain and preserve the integrity of the properties associated with their
loans. A local or regional field service company either provides the services
needed to meet those requirements or manages a network of people that perform
the work.
For servicers with loans in multiple states, finding and using individual field service companies in each region can be a time-consuming, costly process. Market Ready provides innovative, cost-effective solutions.
We offer a comprehensive list of field services, including a complete rehab division:
Securing
 | Lock Change |
| Padlock |
| Board Up |
| Securing of Swimming Pool |
Debris Removal
| Interior Debris Removal |
| Exterior Debris Removal* |
*Including automobile removal and other large items
Lawn Maintenance
| Mowing |
| Mulching |
| Weeding Beds |
| Prune & Grooms |
Complete Rehab Services
| Interior/Exterior Painting |
| Drywall |
| Plumbing |
| Electricity |
| Gas Line Repair & Maintenance |
| HVAC |
| Carpentry |
| Appliance Installation |
| Carpet Removal/Installation |
| Demolition |
| Construction |
Snow Removal
Eviction Services
Electrical Services
Sales Cleans
Fulfillment of Buyer Requests to Remedy
203(k) Loan Repair Requirements
Winterization
Market Ready will winterize vacant properties in accordance with Investor/Insurer guidelines or as indicated by Client. A winterization generally involves, unless the applicable guidelines or Client instructions indicate otherwise:
| Draining of all plumbing and heating systems as required |
| using air pressure to clear the system of water |
| Adding anti-freeze to all traps and fixtures |
| Shutting off water supply to the property |
| Disconnecting the water meter, removing it from the cradle and leaving it on the premises |
| Disconnecting the feed pipe leading to the main water valve and plugging or capping it |
| Placing tags, labels, warning signs and dates on all items winterized, including Market Ready's address and telephone number on the tags and labels. |
The exact winterization procedures followed may vary by the type of system at
the subject property, i.e., dry and wet systems and sump pumps, and by the
Applicable Investor/Insurer guidelines. Where a full winterization is not
possible due to circumstances existing at a property such as a common water
system, a partial winterization will be performed unless the Client otherwise
advises. A winterization is not a certification of the plumbing system or a
guarantee that no freeze damage has occurred or no freeze damage will occur to
the subject property.
Dewinterization
Market Ready will inspect a winterization previously performed at a property to establish whether it is still effective. Upon instruction, if we find that the winterization is not in effect, we will winterize the property. Market Ready will advise the Client of any visible freeze damage actually observed at the time of performance of the winterization. In the winter months, Market Ready endeavors to complete winterization services within 24 to 48 hours. In the non-winter months, average completion time frame is 5 to 7 business days; results are updated to Client within 24 to 48 hours of completion, on average.
Market Ready’s Commitment:
Choosing Market
Ready ensures that vacant and abandoned properties are quickly secured and
remain adequately protected throughout the default and foreclosure process. We
are committed to helping our clients timely convey properties to the
investor/insurer, through open communication with all parties, and the
implementation of creative and effective delay prevention. All personnel undergo
extensive training in investor/insurer guidelines to further assure that the
work performed is not only timely, but also in compliance with regulatory
provisions.
Additionally, we ensure that the contractors hired locally to perform work are knowledgeable in the various investor/insurer requirements and are completing work within agreed upon time frames, in the most cost-effective manner, to help eliminate our clients' out of pocket expenses and potential curtailment penalties.
For FHA properties, Market Ready will follow the FHA property preservation guidelines as stated in the current Department of Housing and Urban Development Mortgagee Letters.
