CoreLogic reported on July 9, 2013 that there were 71,000 fewer foreclosures in May 2013 than in May 2012. That’s a huge 29% drop in foreclosures. Mortgage inspections and property preservation is slowing down. The brakes are on. More field service representatives are chasing fewer jobs in the mortgage segment of the industry. Not to worry. The economy is picking up and commercial inspections are picking up. Change is happening. You must recognize change and adapt. The big national mortgage field service firms are getting worried as their business has slowed significantly. The Government continues to give away money to end foreclosures.
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