Property Preservation, HUD Regulations and REO Property Preservation




Covering An Above Ground Pool

May 30, 2008 · Filed Under Featured Stories · Comment 

If the property has an above ground pool in good condition, built up with decking or other infrastructure that will support a pool cover, treat it as an in-ground pool. Above ground pools in poor condition or that cannot be secured in accordance with the guidelines herein, should be removed. If an above ground pool is removed, remediate any depression in the ground that might constitute a hazard.

Indiana Property Preservation Rates

May 27, 2008 · Filed Under HUD Guidelines · Comment 

Indiana Property Preservation Rate Chart is sponsored by

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Indiana Property Preservation Guidelines

Copyright 2008, Gulf Thunder Corporation

This Publication Has Specific Re-Print Permissions

Maximum Allowable Cost Per Property

Note: If a property is located in a state where winterization is required,
and the property has hot water heat, add $250/unit

1 Unit $1100

2 Units

$1250

3 Units

$1400

4 Units

$1550

Lock Change/Securing Service Cost Schedule

Nationwide

Secure One Door $40

Secure Pool (Sq. Ft. Amt.)

$2.05

Maximum Secure Pool

$1050

Secure Hot Tub, Jacuzzi, Spa

$55

Maximum Allowable for Lock Change/Securing

$350

 

Debris Removal Service Schedule

Labor, fees, transportation, fuel, mileage, etc. included

Debris Removal Per Cubic Yard $60
Debris Removal Maximum for 1 Unit: 12 cu yd. $720
Debris Removal Maximum for 2 Units: 15 cu yd. $900
Debris Removal Maximum for 3 Units: 18 cu yd. $1080
Debris Removal Maximum for 4 Units: 21 cu yd. $1260
Large Appliance Removal $55
Vehicle Removal $95
Pest Infestation $140
Tire Removal per tire up to a maximum of six tires
$15

 

Yard Maintenance Cost Schedule

 

Initial cut up to 10,000 sq ft. $85
Initial cut 10,001 sq ft to 15,000 sq ft $105
Re-cut up to 10,000 sq ft $80
Re-cut 10,001 sq ft to 15,000 sq ft $100
Trim Shrubs $30

 

Winterization Service Cost Schedule

Winterization required October 1st to March 31st

Dry Heat 1 Unit $75
Dry Heat Additional Units $50
Steam Heat 1 Unit $130
Steam Heat Additional Units $90
Wet/Radiant Heat 1 Unit $460
Wet/Radiant Heat Additional Units $230
Snow Removal $45

Local Variations

Indiana
Use 1″, 2″ or 3″ x 4″ hex netting to cover pool. Seams should be covered with 1″ wood strips for securing.

HUD Marketing and Management Contractor – M&M

Harrington, Moran, Barksdale, Inc.
8600 W. Bryn Mawr Avenue, Suite 600 South
Chicago, IL 60631
Phone: (773) 714-9200; Toll Free: (866) 702-6600
Fax: (773) 714-1669
Email address: chicago@hmbireo.com
Website: www.hmbireo.com

Grass Cut Guidelines

May 27, 2008 · Filed Under News · Comment 

I. Grass Cuts

Lawn cutting (initial and subsequent cuts) 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 (newspapers, flyers, bottles, etc.). These services are included in the cost allowable for an initial cut and subsequent cut (re-cut). The disposal of all clippings and incidental debris should be in compliance with jurisdictional requirements.

 

A. Frequency

One initial grass cut is allowed during each grass-growing season followed by subsequent cuts periodically throughout the season. If a local variation requires that the grass be maintained year round, only one initial cut may be charged. If there is one grass-growing season in the geographical location of the property, one initial cut is allowed within a 12-month period. If there are multiple growing seasons, an initial grass cut is permitted at the beginning of each grass-growing season.

If conveyance occurs during the growing season, unless otherwise indicated in local variations, a final grass cut should be completed within two weeks of conveyance.

Grass should typically be cut twice a month between April 1st and October 31st, however, more frequent lawn cuts may be allowed in certain areas as indicated in the variances at the end of this attachment. Grass should not be cut between November 1st and March 31st unless prior written approval is obtained from the M&M Contractor or otherwise prescribed in the local variances. If the grass grows to six inches in length during the off-season, the Mortgagee should request prior approval to cut the grass.

B. Oversized Yards

For yards greater than 15,000 square feet, Mortgagees should submit an over-allowable request. Requests to exceed cost limits for larger lots should be accompanied by lot dimensions and the calculated square footage of the lot as well as photo documentation. Mortgagees may request overallowable approval for an entire growing season. For each over-allowable request, the Mortgagee should provide one bid for the cost of the initial cut, one bid for each subsequent cut (all of equal cost) and the total number of subsequent cuts required. Even if the Mortgagee is approved for an entire season, HUD will only reimburse grass-cutting expenses actually incurred.

C. Specifications

Grass should be cut to a maximum of two inches in length. Grass and weeds are to be cut to the edge of the property line and to a maximum of two inches. Grass and weeds are to be trimmed around foundations, bushes, trees, and planting beds. Grass and weeds should also be trimmed flush with fences and other construction that would normally require trimming.

Shrubs are to be trimmed and cuttings removed once in a growing season, between April 1st and October 31st. An over-allowable should be submitted for any subsequent trimming of shrubs during the same growing season, with appropriate before and after photographs.

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