How often should inspections be performed on REO properties?

REO Check is an independent, on-site assessment of an REO property to determine the overall condition and marketability. This service can be completed weekly, biweekly or monthly from the time of asset acquisition until the property is sold. It provides information about each property’s overall interior and exterior condition, noting such things as damage, violations and the presence of hazardous conditions. REO Check may also be used to assess the initial and ongoing maintenance of the property, including if debris is present and if the lawn is being maintained. In addition, the pre-marketing services performed by the listing agent are assessed, including the placement of signage and marketing materials, accessibility to the property and the overall marketability of each property. The service ultimately ensures that each property is being kept secure, well maintained and readily marketable to show prospective buyers.