As winter’s polar vortex gives way to the warmer temperatures of spring, many property owners and default asset managers are turning their attention to pool maintenance.
The Association of Pools and Spa Professionals (APSP) estimates that there are over 8 million residential swimming pools in the United States. At the same time, RealtyTrac reports that 9.1 million homes were seriously underwater in the first quarter of 2014.
With California, Florida, Texas, Arizona and Ohio included in the top ten states with pools and in the top ten states with a foreclosure rate above the national average, the need for a compliant and efficient pool maintenance plan is essential.
The National Association of Mortgage Field Services (NAMFS) has compiled a list of recommendations and new approaches to pool maintenance. These recommendations are designed to provide optimal maintenance and safety standards for stagnant pools at default properties.
Publisher: National Association of Mortgage Field Services
Date: April 2014
Format: White Paper
