Re: inspections
Posted by Greg on August 09, 2006 at 14:18:57:
In Reply to: inspections
Posted by James on August 08, 2006 at 12:15:22: In most cases a property in foreclosure is occupied so you won't be able to gain access. Additionally for every hundred loans that go into foreclosure only 5-10 will go all the way through the process. Foreclosure investors/buyers would go broke ordering inspections on every property they were considering.
As for lenders, they do order property inspections and/or BPO's (broker price opinions) during the foreclosure process. The property inspections are not the type you do though, they are more rudimentary, frequently external only, include a few pictures and brief commentary as to condition and occupancy.
: I own a home inspection business in the Seattle/Tacoma area and am trying to diversify for the slower winter months. Is there a need for property inspections for people interested in buying these properties? Or lenders prior to auctioning? Can anyone point me in the way of resources for this kind of information? I'm just starting my fact finding in this area of the business and would appreciate any help.
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