Loss Mitigation Firm Moves into Property Preservation

Retreat Capital Management Group, a loss mitigation and portfolio management firm in Lake Forest, Calif., is now offering property preservation services to its clients. Through a partnership with Elevate Property Services, Retreat Capital's new property preservation services include inspections, initial securing services (such as lock changes and removal of debris), code violation abatement, ongoing maintenance, and full renovation services. These services, which can be ordered individually or in customized packages, are standardized so lenders can be sure that each property will be handled in a uniform and consistent manner. "It often doesn't take much for a vacant foreclosed property to fall into such disrepair that disposition becomes significantly impaired," says Jim Orth, managing partner for Retreat Capital Management. "Our property preservation services give our lender clients a simple way to get and keep their REOs in top shape so they can shorten their time on the market and maximize their returns."