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As a one-stop shop for code violation reports, vacant property registrations, and various ancillary services, Windsor, Colorado-based ""Code Violation Services, Inc."":http://www.CVSinc.net (CVS) says it can typically verify the status of any violations within three to 10 days of order.
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During a three month period, CVS analyzed 1,209 properties for one client, 1,127 of which had no violations, 38 were found to have violations, and 44 were found to have violations without fees yet assessed. By locating the last 44, CVS saved the client $802,582 in daily code violation penalties, according to a recent statement released by the company.
CVS provides its services nationally to lenders, servicers, REO outsourcers, title and escrow companies, and foreclosure and closing attorneys, addressing their critical needs for code violation reporting, property registration statutes, and homeowner association (HOA) issues.
The company was founded in December 2008, and is privately owned and operated. Each member of CVS' executive committee has over 25 years' experience in their respective areas.
""Our mission is to lesson our client's loss severity and improve REO time lines by managing unrecorded code violations and the growing needs of pre- and post-foreclosure property registrations,"" the company said in a statement. ""CVS has saved hundreds of thousands of dollars for its clients by proactively identifying and escalating unrecorded code violation issues while reducing and avoiding penalties.""
CVS will make its official public debut at the ""Five Star Default Servicing Conference and Expo"":http://www.fivestarconference.com next week. The company's message at the event: ""Drowning in code violations? Let us bail you out!""
