3 reasons why California housing is about to go bust

Here's where expert economists think housing is going

Where will we be in 2019?

Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail
W S
Servicing

SecureView lands giant Fannie Mae field-services deal

Certain states must now use clear "boards"

foreclosure sign
/ Print / Reprints /
| Share More
/ Text Size+

SecureView landed a giant deal with Fannie Mae, which is officially requiring vendors to install the distinctive, clear boarding on its vacancies.

It's a massive contract, certainly, but it should come as no surprise.

SecureView was listed as a top HousingWire field service company earlier this year, landing on the 2014 Field Services Guide.  

The company was started in 2010 by two industry veterans: Howard Wedren, founder of Dayton Street Partners, and Robert Klein, founder and Chairman of Safeguard Properties. Both had a desire to change the way vacant, boarded-up properties affected whole neighborhoods, and thought a polycarbonate product might be the solution.

The result is a patented window covering that’s virtually unbreakable and transparent. Even if squatters occupy the property, they are not awarded the same level of privacy plywood brings to a vacant house.

The rule is effective immediately for the following states: Arizona, Illinois, Indiana, Louisiana, Minnesota, Ohio, Tennessee, Washington, Massachusetts, Maryland, New Hampshire, New York, New Jersey and Pennsylvania.  

Future launch dates:

Oct. 1: Colorado, Connecticut, Mississippi, North Carolina and South Carolina

Dec. 1: Arkansas, District of Columbia, Delaware, Hawaii, Idaho, Maine, Montana, North Dakota, Puerto Rico, Rhode Island, South Dakota, Vermont, West Virginia and Wyoming.  

Under the terms, vendors must remove all plywood coverings on windows from the dwelling, garage or outbuildings.

The only exception is if the property is to be demolished or damaged severely due to a fire, and in those rare cases where plywood is needed, such as exterior doors or overhead garage doors.

If so, the boards must be painted to match the trim color. 

Recent Articles by Brena Swanson

Comments powered by Disqus