Field Services.(home values are in growth)(Brief Article)

According to industry statistics, home values have been rising at a fast clip, helping troubled borrowers dig their way out of a default situation without succumbing to foreclosure.

Just tell that to the people in Cleveland or in the Pocono Mountains region of Pennsylvania. Or anyplace which once relied upon a strong manufacturing base to create jobs (the number of manufacturing jobs has declined 17% in the U.S. since 2000). Despite overall healthy conditions in the housing economy, there are many pockets of economic depression in the country. And those pockets account for the most challenging real estate-owned scenarios.

The field services industry is there to help. In a servicing world that has come under increasing scrutiny, field service companies are there to help lenders manage and preserve REO without running afoul of regulations. That means ...