As the first line of defense, timely and accurate property inspections provide critical information about the condition and occupancy status of a property so that steps can be taken to secure and protect it. Through early detection when issues and damages occur, properties sustain fewer and less severe damages, saving money and protecting their condition and value. Floyd's preservation offers a full range of inspections, including exterior occupancy checks, contact attempts with door hangers, and full interior inspections.
Inspections
Damages such as mold, roof leaks, and pest infestations aren’t visible from the outside of a property. Left unchecked, these issues can become expensive and difficult to repair and often strip a property of significant value. When identified early, however, damages often can be repaired for less than $500. Interior inspections are typically completed monthly, after the initial securing of a vacant property. Interior inspections comply with all investor and insurance guidelines.
Inspectors visit defaulted properties to verify the occupancy status, determine the exterior condition of the property, and inform the servicer of any adverse conditions. Most importantly, inspectors verify and report on whether the property appears to be occupied or vacant. They also provide a detailed description of the exterior condition of the property and report issues such as exterior damage, unsecured doors or windows, and tall grass. Inspectors also will note the presence of “For Sale” signs, citations and notices.
Through contact inspections, inspectors will make up to three attempts on behalf of mortgage servicers and lenders to provide contact information to delinquent borrowers. Multiple attempts generally occur 24 hours apart and at different times of the day to increase the chances of a successful contact. Attempts to contact the mortgagor are made during a visual exterior inspection for occupancy status per investor/insurer guidelines and/or client instruction. No interior access is attempted on these visits. The inspector will leave a door hanger that contains the client’s contact information, in an effort to have the mortgagor contact the client. Rush services are available on a 24-, 48- or 72-hour basis.
Property rehab is another service that Floyd’s Property Preservation offers. Our staff are readily available and can be relied upon to produce magnificent work at any given time.