Why Banks Ensure the Vacant Property is Secured?

Why Banks Ensure the Vacant Property is Secured? 01 Avoid Accidental Damage.Avoiding the property from getting damaged, deteriorated, accumulated with hazardous materials, vandalism, spoilage due to weather change and safeguarding the property’s value 02 Safeguarding from the claims of liability, mortgage security of personal property 03 To keep safe from the unnecessary expenditure of Code Violations that are remediated due to the local municipality Who needs Property Securing services? -Any foreclosed property assessment is taken care of by the banks if they are vacant or occupied.