reo properties Companies that specialize in cleaning up REO properties are finding that business is booming. Before the lenders can sell the REO properties that they had to take back, they have to get them cleaned up and marketable. That's where companies that manage cleaning and yard maintenance come in. Few of the lenders are staffed to do this, so they subcontract with "trash-out" companies to haul off what the previous owners left behind, and replace appliances, and sometimes even flooring.

The banks and lenders want to sell the REO properties as soon as they can, and it helps if the homes are clean and empty. Sometimes people who walk from their homes do not do a good job of cleaning them after they move out. Their motivations are varied, but chances are, some of them are angry about losing the money they have invested, and don't have qualms about not cleaning up after themselves. They may also just not have time to get the home clean and in good shape, or the money to do a good job. The lenders realize no one wants to buy a dirty home, so the trash-out companies provide a valuable service for them.