North American Property Preservation (NAPP), a full service distressed property preservation and management company, has merged with The Property Preservation People. Leveraging the strengths of both the firms, the combined entity is expected to offer services in multiple US markets.
Under the terms of the agreement, the combined entity will begin joint operations under the name – North American Property Preservation, effective immediately. It has been reported that all employees of The Property Preservation People (PPP) have accepted positions with the new combined entity.
Brandy Cutler, managing director of National Field Services Operations at NAPP, said: As demand for property preservation and mortgage default services increases from the struggling mortgage industry, we believe this transaction provides us with the strategic, operational and financial flexibility to continue to aggressively execute our stated goal of becoming the premier National foreclosure services and property preservation provider to the industry. As a one-stop solution to lenders, asset managers and brokers, the new company will continue to deliver our responsive customer service and consistently high-quality field services. Our model of regionally based field operations managers ensures unparalleled consistency and quality of services across all our current markets, and further differentiates us from our peers.
