Foreclosure Assessment Report
Financial institutions that have taken back properties need to understand what type of asset has been acquired. These simple low cost reports provide that information. FAR site visits are minimal and quick, typically not requiring advance notice, often to properties, which are vacant. Entry into the building will only be done upon request.
Foreclosure Assessment Reports provides information regarding the habitability, general condition, risk, and loss potential. Information regarding the surrounding area and a photographic log of the site are provided. No cost tables or analysis is included with this type of report.
With this report and photographic log, the Asset Manager can see what has been acquired and understand the general condition of the property, and condition of the area where it is located. Knowing this will help determine the actions, which can be taken for the property.