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FBN's Jeff Flock on how one company is cleaning up foreclosed properties so they can go back on the market.
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Sure.
July's FHFA home price index rose for a fourth month in a -- indicating.
Home values here in the US could be on their way back which is good news for many of you.
Unless you live next 101 of the over 400000.
Properties currently in foreclosure.
Jeff Flock is with -- -- company that's cleaning up the foreclosure mess in more ways than one Jeff.
Exactly -- -- they and not only -- we got as you point out upwards of you know half a billion foreclosed properties but.
That the numbers are growing because with a robo signing issue pretty well dealt with.
Now you've got all of these homes being foreclosed look at these guys they've been -- this one out on the south side of Chicago.
I've got with me ship on Allen who is a crew chief correct -- A company called on the -- properties still managing yes field manager.
They come in and try to see -- -- this is a nice neighborhood take a look at this pretty well capped.
And this house would be OK what it's been foreclosed on so it's been essentially abandoned come on inside -- politics.
Here that's come out loud kind of dirty and all that's.
I don't wanna get in the way but this is the way you find component the one in -- so that you could see -- on this is the way you find these now.
Right -- yes firm for the most part this is.
This is a little bit light compared to some of the properties that we plan on just because of the because very small -- yes most of my.
Extensive -- damaged water damage -- this at the banks have to maintain these so they're hiring companies like.
This one to go ahead secure this property and hopefully get it.
And can be put back on the market at some point the other great piece of this story Lori is ship on with me here.
You were -- -- in your car with your kids how long ago.
Com about three years ago so you.
Solvent while about forty has not been doing it for about three years now he's been at this for about three years -- -- what -- what happens -- -- tackling this is the kitchen and here organist.
All of the piping you know ripped out -- tough situation for creating jobs.
That's one thing one piece of good news creating jobs weren't absolutely thanks for bringing the store to a -- plot.
