Occupancy Determination -- The primary purpose of this inspection service is to determine who, if anyone, is occupying the property. The full names, contact phone numbers, any rental information (if applicable), agent or property manager information and the number of units will be provided, if it can be determined at the time of inspection. The property condition and any existing or potential conditions that could affect the value of the premises will also be provided.
Verification of Occupancy Inspection --
The purpose of the inspection is to identify the occupant of a property. In performing this inspection, the property preservation company will attempt to contact the occupant up to three independent instances over periods of 3 to 10 days, depending on the clients' requirements. Attempts are made at varying times throughout the day(s) in an effort to reach the occupant at home to obtain the necessary information. Following a successful attempt, the property preservation company will gather information from the occupant including the occupant's identity, contact information, relationship to mortgagor and mortgagor's contact information; if different from occupant.
Property Condition Inspection -- This inspection service includes a direct visual observation of the property to determine the overall condition and occupancy status of the property. The property preservation company will determine if there are any existing or potential conditions that could impact the value of the property. Property condition inspections can be completed on either a contact or no-contact basis.
Disaster Inspection -- This inspection service will determine the condition of the property and what damages, if any, are present at the property due to the natural disaster. Disaster inspections can be completed within regular inspection timeframes or on a rush basis.
Insurance Loss Inspection -- This inspection service provides the inspector's opinion of the approximate percentage of repairs completed based on the type and dollar amount of damage. The property preservation company will attempt to make contact with the homeowner within 72 hours of the inspection request date.
Bankruptcy Inspection -- This inspection service provides the current condition of the property, the occupancy status and if there are any existing or potential conditions that could impact the value of the premises. The property preservation company will NOT CONTACT the occupants of the property when completing this type of inspection. If the property appears to be vacant, the property preservation company will attempt to verify the vacancy status with a neighbor or tradesman.
Foreclosure Inspection -- The inspector will determine the overall physical condition of the property and occupancy status of the property. Contact can be made during this inspection. Observable damages are reported: property secured status - secured or not secured, utility status - active or not active and other maintenance needed sections are important for this type of inspection.
Rush Inspection -- Rush inspections are completed in 24-72 hours depending on the client's requirements.
Source: Mortgage Contracting Services
Remember, each property preservation company you sign on with as a vendor will offer various services, including inspections, for which you can sign up to complete. Don't sign up to complete inspections you're not comfortable completing. In the "services offered" section of a property preservation company's vendor application, list only the duties you know you can perform well as a foreclosure cleanup business, those you can perform timely, and, most importantly, those from which you can make a decent profit.
