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TOPIC: Doing Mortgage Bank Inspections

Doing Mortgage Bank Inspections 9 years 8 months ago #58416

Has anyone done mortgage bank Inspections? I've been conducting  these this summer for a "middle-brokered" company on foreclosed properties.  Many of these homes have been ransacked, vandalized, or left for the worst.  I have 3-4 of these homes a week. I've been collecting data on these completely opposite from a pre-purchase inspection. I take a ton of pics, and write the full report afterwards.  I'm curious how others are performing these inspections.

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Dan Musielski
Inspector/Engineer
Assured Home Inspections; Batavia, IL
www.InspectThatHouse.com

See us in the Fox News Channel! FOX NEWS Shattered Dreams
www.foxnews.com/us/2010/10/13/foreclosur...ickens-experts-fear/

Re: Doing Mortgage Bank Inspections 9 years 8 months ago #58429

We do a lot of them over here

The mortgage company usually don't want to see a long report but require answers to the following questions to satisfy their under writers.

1) Any structural defects and services that need to be upgraded / replaced.
2) Cost of repairing defects noted in the property.
3) Your qualifications / PI insurance details.

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Title: pre purchase building surveys
Url: www.propertyhealthcheck.ie
Body: Our thorough Pre-Purchase Building Survey will mean that YOU won?t get stuck buying a Money Pit. We offer Premium Pre-Purchase Building Surveys that assist our clients in making informed decisions before buying their...

Re: Doing Mortgage Bank Inspections 9 years 8 months ago #58430

Thanks Peter!

Most have water, gas, and sometimes electric off. I don't provide cost of repairs. I still provided a typical report- and I know some of the properties they send contractors in to provide quotes. I had a condo last week where someone went through the effort of removing the "guts" of the furnace.

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Dan Musielski
Inspector/Engineer
Assured Home Inspections; Batavia, IL
www.InspectThatHouse.com

See us in the Fox News Channel! FOX NEWS Shattered Dreams
www.foxnews.com/us/2010/10/13/foreclosur...ickens-experts-fear/

Re: Doing Mortgage Bank Inspections 9 years 8 months ago #58431

Get in touch with the Mortgage company and ask them exactly what they want. Perhaps send in a cover leter along with the report and ask them is there anything additional that they would like the cover note / report to cover. Then quote accordingly.

If you make life easier for them you will likely get more of there work.

Please Log in to join the conversation.

Title: pre purchase building surveys
Url: www.propertyhealthcheck.ie
Body: Our thorough Pre-Purchase Building Survey will mean that YOU won?t get stuck buying a Money Pit. We offer Premium Pre-Purchase Building Surveys that assist our clients in making informed decisions before buying their...

Re: Doing Mortgage Bank Inspections 9 years 7 months ago #58453

I appreciate your input.  We agreed on a flat fee per unit, and so far the relationship is working well

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Dan Musielski
Inspector/Engineer
Assured Home Inspections; Batavia, IL
www.InspectThatHouse.com

See us in the Fox News Channel! FOX NEWS Shattered Dreams
www.foxnews.com/us/2010/10/13/foreclosur...ickens-experts-fear/
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