Property Preservation Services
MCS works with servicers throughout the United States and its territories to ensure the properties they are responsible for are preserved and maintained in a manner that complies with the regulatory guidelines for the loan type as well as any code compliance legislation for the area. We work with our vendors to secure the property, remove any debris, conduct regular lawn maintenance and winterize when necessary. We share a common goal of getting a property into conveyance condition.
Conveyance Condition Management + View Details
For this property preservation service, MCS will ensure all necessary work required by the regulatory guidelines for the loan type is complete and the property is in conveyance condition. If any work is needed to bring the property into conveyance condition, and can be completed for the loan type's published regulatory fee schedule, the work will be completed under this order. If the work cannot be completed for the published fee, an estimate will be provided to bring the property into conveyance condition.
Securing + View Details
This property preservation service authorizes MCS to perform all necessary property preservation according to the applicable regulatory guidelines for the loan type or client profile. For loan types with no applicable regulatory guidelines, the HUD guidelines will be followed. Services typically include changing entry lock or keyway, locking all windows and doors, winterizing to the applicable specification and maintaining the grounds, when in season.
Lock Change + View Details
Under this property preservation service, MCS will change the lock(s) at the property to the key code according to the regulatory requirements for the loan type, unless otherwise instructed. For loan types with no applicable regulatory guidelines, the HUD guidelines will be followed. No additional property preservation will be completed under this order, unless otherwise specifically requested.
Re-secure as Required + View Details
The property will be secured according to the regulatory specifications for the loan type, unless otherwise instructed.
Secure Pool + View Details
For this property preservation service, MCS will secure the pool or hot tub at the property according to the regulatory requirements for the loan type. This could include decking, screening, pumping water out of the pool, chemical treatment and padlocking the pool gate, if required. This service authorizes MCS to re-secure properties that have been previously secured.
Board to Area Specifications + View Details
Under this property preservation service type, any broken windows found at the property will be boarded or re-glazed according to the area regulatory requirements for the loan type. Please note, some area regulations may require boarding and/or screening of all windows, regardless of their condition.
Lawn Maintenance + View Details
MCS will perform the necessary lawn maintenance to maintain the property's appearance, prevent further degradation to the grounds and relieve the property of any existing or potential violation of local ordinance.
Lawn cutting includes mowing the lawn, weeding, edge trimming, sweeping of all paved areas (sidewalks, driveways, patios, etc.) and removal of all lawn clippings, related cuttings and incidental debris. The disposal of all clippings and incidental debris is removed in compliance with jurisdictional requirements.
MCS also provides an automatic grass cut program, where we will maintain the grounds at the property according to the applicable regulatory guidelines for the loan type. We will continue maintaining the grounds at the property until instructed to remove the property from the program or maintenance is no longer required, as specified by the regulatory specifications for the loan type and/or client profile.
Winterization + View Details
This property preservation service authorizes MCS to winterize the plumbing at the property, to prevent freeze damage, according to the regulatory requirements for the loan type.
Debris Removal + View Details
This property preservation service authorizes our independent contractor to remove interior, exterior or hazardous debris at the property as authorized by client request or the regulatory specifications for the loan type.
Allow Access + View Details
Under this property preservation service order, we will arrange to have a contractor allow access for an individual(s) to a property previously secured by MCS. We will allow the individual(s) access to the property for the length of time requested, then ensure the windows and doors are locked prior to departing the premises.