Let’s talk about the housing market for a minute--it’s a seller’s world out there right now. Said simply, there are more buyers than there are homes for sale. Some of this is merely a continuation of a trend we’ve been on since the last recession: With low interest rates and a rebounding economy propelling a new generation towards home ownership, there simply aren’t enough houses on the market.
TrendSource OnSite Inspections offers a wide range of Property Condition Reports to assist lending institutions evaluate properties when considering an application for refinance. Ok, but what does all of that mean? What are Property Condition Reports? Who needs them, when, and why? TrendSource OnSite Inspections has answers…
Lending institutions often find they need boots on the ground and eyes in the field in order to verify a property’s occupancy. Indeed, when underwriting a loan or foreclosing a property, lenders must find locally available, third-party Inspectors to perform Occupancy Verification Inspections on their behalf.
The repossession industry does not enjoy the best reputation in popular culture. A lot of this is unfair—the industry is oftentimes the public face in a truly uncomfortable and unfortunate situation in which a consumer cannot continue their car payments and must forfeit the title. That means there is a lot of hostility towards reposessors, who, even if always acted above-board would still fail to win any popularity contests.