Property
Maintenance
At Fannie Mae, the mission of the Fannie Mae Property Maintenance team is to ensure the quality of our REO property maintenance services, consistently producing best-in-class, market-ready properties and maintaining them until removal from our inventory.
Our Goal
Our goal is to provide services to maintain each property in Fannie Mae's inventory to a level of market readiness inside and outside as well as to adhere to local codes and requirements. In addition, we strive to:
- Be a good neighbor.
- Support marketing efforts.
- Support neighborhood stabilization.
- Minimize Fannie Mae's exposure to potential property damage and liability.
- Remove any "REO stigma" from Fannie Mae-owned properties.
- Manage Local / Regional / National vendor relationships to ensure quality services.
Fannie Mae's property maintenance practices are part of its overall neighborhood stabilization efforts, which include prioritizing sales to owner occupants and selling properties in a timely manner to promote stability and minimize the impact to the local community.