Tim Doehner, executive director of the National Association Mortgage Field Services, said banks have hired contractors to keep up bank-owned properties for as long as he can remember.
But before foreclosures were so widespread, banks typically hired contractors themselves, or hired real estate brokerages to handle it, he
"In the past 10 to 15 years, it's become an industry in itself," Doehner
is a trade group that was founded in the 1980s.
It has around 350 members, which range from local construction companies to big players like Safeguard and FIS Field Services in Solon.
Those national companies have emerged in order to service today's large banks and mortgage companies that own properties all over the country, Doehner