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Success Story 4: Refurbished Foreclosures

“The VPS product and service is top notch.”

Homecomings Financial, a leading provider of wholesale funding services to mortgage brokers and subsidiary of GMAC, uses VPS to secure all of the foreclosed, vacant real estate in Chicago that the company elects to refurbish and that is prone to break-ins and vandalism.

“The VPS system is a fantastic alternative to board up,” says Patrick McClain, an executive with Homecomings. “We have never had a break in with the system in place ensuring that vandalism and theft are not a factor as we market our properties. It also gives us the confidence that our rehab dollars will stay in the property.”

Patrick says that another benefit to using the VPS system is that it shows the local communities and city officials that Homecomings Financial is a responsible property owner.

“The VPS product and service is top notch,” he adds. “VPS has been a valued partner in the Chicago market and we look forward to an expanded relationship in the other markets they service.”