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IVS releases automated inspection form for distressed properties

NationalMortgageProfessional.com
Aug 03, 2010

Infinity Valuation Services (IVS), a full-service valuation company for distressed properties, has announced that it now provides a fully-automated property inspection form to support its services. IVS works with thousands of real estate agents across the country to provide interior and exterior broker price opinions (BPOs), appraisals and property inspections. As an integrated component of IVS’s BPO system, the new form now enables the company to tailor the inspection report information to better meet the needs of clients. “As an expert in the distressed property industry, we have created an automated form that is designed to address the specific questions and concerns of organizations regarding their distressed assets,” said Chris West, president and chief executive officer of IVS. “The form enables IVS to add components to the inspection to address specific concerns our clients have about their respective portfolios or pool of assets. Once the property has been inspected, agents can easily enter the information and upload the corresponding photos for immediate delivery to our clients.” The automated inspection form provides the answers to a series of questions about the property including: ►Details about the current condition (interior and/or exterior) ►The need for repairs or maintenance ►The occupancy status ►Listing detail and nearest comparables ►Code violations (potential or confirmed) The form can be used to check on listing agents to ensure they are maintaining properties for maximum buyer attention at a fraction of the cost of sending staff on inspections. In addition, a bank or financial institution can use the form to check on the quality of the agents used to manage their real estate-owned (REO) properties. A loan servicer can use the form to check on the condition of a property immediately prior to a foreclosure sale or after a natural disaster and traders can use the form to ensure bulk sale properties are in saleable condition right before finalizing a bid. “Our mission is to provide indispensable services that enable our clients to make critical valuation decisions,” said West. “We accomplish this by taking the time to ensure that we understand the goals of our clients and communicate that information to our agents. The introduction of an automated property inspection form is our latest effort to advance that mission.” For more information, visit www.ivsbpo.com.
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