An initial secure is the first step in property preservation — it is the process of securing a vacant property against unauthorized entry by changing locks, boarding openings, and establishing controlled access. When a mortgage servicer takes possession of a property through foreclosure, voluntary surrender, or assignment, the initial secure is the highest-priority task.
Why Initial Secures Matter
Unsecured vacant properties are targets for vandalism, squatting, copper theft, and dumping. Every day a property sits unsecured, the risk of damage and liability increases. An initial secure prevents unauthorized access, establishes the servicer's physical control of the property, and protects the asset value from preventable losses.
What an Initial Secure Includes
- Change all exterior door locks to a servicer-keyed system (typically a standard key code)
- Install a lockbox on the front door for authorized access by inspectors, agents, and contractors
- Board or secure any broken or missing windows with plywood or polycarbonate panels
- Padlock gates, sheds, and detached garages
- Secure pet doors, crawl space access points, and basement windows
- Check for and report any signs of occupancy, personal property, or hazards
- Photo-document all entry points, locks installed, and overall property condition
Agency Timeline Requirements
HUD requires initial securing within 5 days of conveyance. Fannie Mae has the tightest window at 3–5 days after acquiring title. The VA requires securing within 5 business days. Freddie Mac requires securing within 5 days. USDA allows 5–7 days. Missing these windows can result in claim denials, financial penalties, and servicer scorecard impacts.
Ethreon completes initial secures within agency timelines with photo-documented lock changes and condition reporting. Contact us for preservation coverage in your markets.
Contact EthreonRelated Services
Ethreon delivers these services with full documentation and compliance reporting:
Frequently Asked Questions
1What is an initial secure?
An initial secure is the first preservation action taken on a vacant property — changing all exterior locks, securing windows and doors, and preventing unauthorized access. It is required by all major agencies within 3–7 days of the servicer obtaining possession.
2What does an initial secure include?
An initial secure includes changing all exterior door locks to a servicer-keyed system, installing a lockbox for authorized access, boarding or securing any broken windows, padlocking gates and outbuilding doors, and documenting the property's condition with photos.
3How much does an initial secure cost?
Initial secure costs typically range from $125–$400 depending on the number of entry points, the condition of existing hardware, and whether boarding is required. Most servicers have set allowable costs for initial secures.