Foreclosure Property Cleanout: Dumpster Rental for REO Properties
Foreclosure and REO properties often contain abandoned belongings that must be cleared before sale or rental. A dumpster rental provides an efficient, cost-effective solution for bank-owned property cleanouts.
20-30 yard dumpster
Peak: Year-round
Foreclosure/REO Cleanout Dumpster Rental Quick Facts
- Recommended sizes: 20 yard, 30 yard, 40 yard
- Price range: $300-500 to $400-700
- Peak season: Year-round
- Document the property condition with photos before starting cleanout
- Check local laws regarding abandoned property — holding periods may apply
Foreclosure Property Challenges
- Previous occupants often leave behind unwanted furniture and belongings
- Properties may have been vacant with accumulated debris and vandalism
- Banks and investors need fast turnaround to minimize carrying costs
- Multiple units or properties may need simultaneous clearing
- Properties must be "broom clean" for listing or rental
Best Dumpster Size for Foreclosure/REO Cleanout
20-30 yard dumpster for comprehensive clearing
| Size | Capacity | Best For | Typical Price |
|---|---|---|---|
| 20 Yard | 6-8 pickup loads | Small home or partial cleanout | $300-500 |
| 30 Yard | 9-12 pickup loads | Standard 3-bedroom with full furnishings | $350-600 |
| 40 Yard | 12-16 pickup loads | Large property or heavily loaded home | $400-700 |
DIY vs Hiring a Junk Removal Service
DIY with Dumpster Rental
- Cost-effective for investors managing multiple properties
- Flexible timing — work around inspection and closing schedules
- Combine with rehab work for comprehensive property prep
- Use trusted crews for consistent, quality cleanouts
Hire Professionals
- Professional cleanout services specialize in REO properties
- Licensed and insured for liability protection
- Can provide documentation for bank compliance
- Handle everything from cleanout to cleaning to lawn care
Foreclosure/REO Cleanout Tips & Best Practices
- 1Document the property condition with photos before starting cleanout
- 2Check local laws regarding abandoned property — holding periods may apply
- 3Look for hidden valuables that may offset cleanout costs
- 4Coordinate with utilities — ensure water/electric for cleaning
- 5Schedule lawn service if exterior has been neglected
Foreclosure/REO Cleanout FAQ
How quickly can a foreclosure property be cleared?
With a crew and proper dumpster, most foreclosure cleanouts take 1-2 days. The dumpster rental period (7-10 days) provides flexibility for additional work.
Who is responsible for foreclosure property cleanout costs?
The bank or entity that owns the property is responsible. Investors purchasing REO properties typically negotiate cleanout into the purchase or handle it themselves.
What about personal items left behind?
Laws vary by state regarding abandoned property. Some require a waiting period or storage of personal items. Check local regulations or consult with the bank's asset manager.