Introduction to a Work Order
Property preservation is the field where all the work is done according to the official report presented by the property preservation work order processing company to the client. Work order is the type of documentation that gives the vendor the exact composition of the work that is to be done by the company. Work order consists of specific instructions, directions, or processes that give a clear view of the requirement from the client's perspective. There are different types of work orders that areassigned to instruct the specific preservation-related work. There is a concise explanation of each particular kind of work order mentioned below:
Work Order types:
1. Evictions: When the owner of the property is unable to meet the dues and is forcefully jolt out of the house by the bank, then this accumulates the eviction of the owner from the property. Conventional dispossession is performed with the owner discharged out of place and all his belongings. Before the removal process, the bank gives the prior notice about the eviction to the owner, and if they do not willingly vacate, the bank can oust them.
2. Initial Secures: Initial secures work orders are issued after the property is vacant and inspected from head to toe with a thorough analysis of each damage incurred inside the premises of the whole property and accordingly the PCR is prepared with all the available information to propose the bids for the repairs of damages. Initial secure order is the combined record of the PCR, bidding for the repairs, and all the damages that needs rehabilitation with the detailed observation of each part that is maintained profoundly.
3. Re-secure: Re-secure is obliged to the abandoned property with some unwanted intrusion detected that damages the property. To avoid such issues re-secure order ensure the security of the vacant property by changing the broken locks, broken windows, defective pathways, and other minor things that need instant maintenance and can be highly precarious if avoided for some instance of time.
4. Bids Request: Bids request is presented by the property preservation processor to REO after finishing the inspection of the photos of the property. The bids submitted is maintained according to the damages that are identified during the analysis and the report is formed including all the detected damages that needs repairs and the cost that is obliged to commence the repairing work.
5. Bids Approval: Bids approval order has the approval of the bid request order that was stated after the inspection of the property. It is the statement of the permission allotted by the bank to the Property preservation work order updating company who let the contractor do the needful repairs as mentioned in the PCR. The contractor needs to understand that the bid approved may be less than that you have submitted or the damages mentioned earlier may be worsened, that time you need to re-bid your order.
6. Deed-in-lieu: Deed-in-lieu comes into existence when the owner of the property is unable to pay the dues and is willing to leave the property without any vigorous eviction. Also to avoid the foreclosure of the property, the owner gives the possession of the place to the bank on his own to neglect the further issues with them. In deed-in-lieu order, the contractor does the work on behalf of the bank to do the other obliged work.
7. Grass Cut Orders: Grass cut order is proposed in the spring season that starts from the march of every year after the daylight saving end. They are recommended at least two times a cycle to maintain the natural adversity of the lawn.
8. Snow Removals: Snow removal order is submitted during winters as that is the season where all the crucial issues arrive with the start of the snowfall like road blockage, blocked pathways, car driving issues, and many more concerns that can be a massive problem to run the regular activity.
9. Winterizations: The winterization order is accumulated when the whole property faces the problem of the devastation of pipes, pipelines, water heater, and other water-related essentials. The experts are appointed by the contractingcompany who does the whole winterization process with ease.
10. Re-conveyance: Conveyance means the property has no damage detected during the inspection process and is in the saleable condition. If the property does not stick to the standards of the documentation for the conveyance order then, re-conveyance order is conducted, and re-inspection is done for the final verdicts.
11. Maid Service: Maid service order is basically conducted as a full-fledge cleaning process of the place after the debris is removed from the property. This service generally involves all the brooming, mopping, cleaning windows and doors, dusting, and other necessary works.
12. At Own Cost or No Charged Orders: This order is presented when the previous work assigned to the contractor was not done accurately, and as compensation, the company bears all the outspread damages without any charges provided from the REO.
13. Cash for Keys:The bank may give the owner an incentive that initiates them to leave the property without any undesired culmination. In few cases, in spite of taking unwanted action, the bank offers some amount in exchange for the agreement that the owner will leave the property without any damages and with the maintained condition.