Does the Bank/Mortgage company repair properties?

Many do. In recent years, approximately half the properties we market for banks and mortgage company's are repaired and refurbished. Generally, repairs are cosmetic in nature, paint, carpet, re-grouting of tile, replace a torn screen, a cracked window, or a mirror in which the silver backing is coming off, and reconditioning of appliances. If needed roofs are replaced or other major components might be replaced. In the refurbishment process, the Seller will not put tile down where there was vinyl flooring. Nor will the bank convert a partially converted porch, but more than likely return it to a porch. If the bank repairs a property, they will utilize only appropriately licensed contractors.  more