FDIC's List of Problem Banks Grows to 884
It's no surprise the financial industry has taken a severe beating since 2009, banks in particular. Bad real estate loans have wreaked havoc on the banking industry and have led to hundreds of banks having to close their doors for good.
According to a previous DSNEWS' article, "During the 2010 calendar year, 157 FDIC-insured lending institutions went under." The article further stated, "The number of lending institutions on the FDIC's problem-bank watch list rose to 884 as of the end of last year. That's up from 860 three months earlier ... "
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As the owner of a foreclosure cleanup business, you can grow your business as a result of closed bank activity. Click here to find an updated list of FDIC failed banks.
Much success to you in your business trashing out and cleaning foreclosures!
NOTE: Throughout the internet and in real estate industry literature, you may see the names mortgage field services, property preservation business, foreclosure cleanup, foreclosure cleaning, foreclosure clean-outs, foreclosure clean, clean foreclosures, cleaning foreclosures, REO trashout, REO trashouts, field asset services, property field services, field service, and field services used interchangeable. The main thing to remember is foreclosure cleaning and foreclosure cleanup generally refer to smaller entities; while property preservation generally refers to larger companies.