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REO Property Preservation


The second quarter of 2010 has seen a Fannie & Freddie Real Estate Owned inventory increase of 74% compared to the second quarter of 2009.  That is a year to year comparison.  In addition, RealtyTrac says there were 94,466 foreclosures in the first half of 2010 in Miami-Dade, Broward and Palm Beach counties, alone. This unprecedented number of foreclosures has created in increased demand for REO property preservation companies, permit processing services and foreclosed property maintenance services. Many of these property management and property preservation companies offer a limited selection of services.

Permit Source has joined forces with Maintenance Dynamics to offer a “One Stop Shop” for REO property maintenance and preservation services. We can offer you complete property maintenance services. We provide a comprehensive package consisting of  everything from simple trash-outs, lawn maintenance and re-keys all the way up to major renovations and new construction projects. The services we offer are for residential as will as commercial properties and we can supply everything from consulting services to full brick and mortar construction. In addition, there are numerous issues that can hold up the sale and occupancy by a new owner, such as open or expired permits, code enforcement liens, unsafe conditions like a faulty roof or exposed  plumbing and electrical wiring. We are here to help resolve these issues and more. We do everything from lawn care to unsafe structure resolution.

If you are a real estate broker, asset manager, or investor managing foreclosed properties in the Miami-Dade, Broward and Palm Beach County areas we can offer you a “One Stop Shop” for property maintenance and property preservation services. Please feel free to visit our websites, or contact our offices, for more information on our property preservation and property maintenance services for foreclosed properties. Private home owners are welcome too!

Big Brother is Watching


It is 2010 but we have finally reached 1984.  The Orwellian concepts of loss of personal freedom and state authority seem to have become not just a possibility but a reality. Our lighting speed information age has given everyone instantaneous access to all sorts of data, including personal information. That information is also available to the government.

I was listening to one of the radio talk shows and the discussion was about intrusive government. One of the commentators commented that he had heard of a local government using aerial photos to monitor construction that was performed without permits, by homeowners. The talk show host said that he did not believe it was true. Well, I can tell you first hand that it is true.

Several months ago I walked into one of the smaller building departments in Miami-Dade County. As I was waiting, I noticed that one of the staff was using Google Earth to scan residential properties and was comparing the aerial photos it to the historical permit data. Your are probably saying to yourself that this is just an isolated incident.  Not so! In a meeting I had with an environmental department staffer, not too long ago, I was shown how they track the number of trees on a property by using aerial photos. If a tree is missing and no permit was pulled for removal a hold is placed on that property.

The aerial photo above is from Google Earth of a neighborhood where I once owned a home. You can clearly see pools, fences, sheds, trees, and the foot print of the house. Even the color of the roof tile, which some cities regulate. Big brother is watching!