Foreclosure Cleanout Software for Junk Removal

Verify written authorization

Before driving to the property, confirm you have a signed work order, email authorization, or letter from the bank, asset manager, or REO company naming your company and the specific property address. Save this document digitally and keep a printed copy in the truck. Authorization must be property-specific — a general vendor agreement is not sufficient for individual properties.

A foreclosure cleanout costs $500–$5,000+ depending on property size and condition. Light cleanouts of partially cleared homes run $500–$1,200. Standard fully furnished foreclosures cost $1,200–$2,500 for full interior, garage, and yard clearing. Severe-condition properties with vandalism, hoarding, or biohazard run $2,500–$5,000+. Add $200–$500 for yard clearing and $300–$800 for deep cleaning add-ons. Always inspect the full property including garage and exterior before quoting.

The bank or asset management company that holds the foreclosed property pays for cleanout services. Payment terms are typically Net 30–45 days from invoice submission. Banks and REO companies are reliable payers with significantly lower collection risk than residential customers. You will need a W-9 on file and professional invoicing with photo documentation to get paid. Some REO companies pay on a draw schedule for multi-property contracts.

Yes, you need written property-specific authorization from the bank or asset manager before entering any foreclosure. A general vendor agreement is not sufficient — authorization must name your company and the specific property address. Without this documentation, you are legally trespassing on bank-owned property. One operator in Tampa received a $2,500 trespassing fine when a verbal-only authorization fell apart. Always save authorizations digitally.

Contact national REO property preservation companies like Safeguard Properties, MCS, Five Brothers, and Cyprexx — they manage thousands of bank-owned properties and need local vendors in every metro area. Also reach out to bank asset managers directly and real estate agents who handle REO listings. Apply to multiple vendor networks simultaneously. Deliver flawless documentation on your first 3–5 jobs and volume ramps quickly. One REO relationship can generate $50K–$200K per year.

You need general liability insurance with a minimum $1M policy — banks verify coverage before awarding any work. Most banks also require you to be listed as an additional insured on their certificate, which costs $45–$65/month as an endorsement. Workers compensation is required for all employees. If the bank requires fixture removal, confirm your GL covers that scope or add a property-preservation endorsement for $20–$35/month. Submit your COI proactively to avoid payment delays.