Boom time for property inspection company - The Union Leader

[Brian Hannigan]

InspectionNews has just found the following information that might be of interest to you:


Boom time for property inspection company
The Union Leader, NH - 1 hour ago
When a loan goes into delinquent status, usually after 45 days without a payment, financial institutions contact the company to arrange a home inspection. ...


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[Ted Menelly]

I guess I must be blind or living in a shell. You would think one would have heard of them before.

#0 plus million this year to do a quickie inspection or I also read getting the homes ready . Kind of a question of ethics there. I inspect the home and get the home ready for the market.

I guess I will have to read it again. I think that's what it said or implied.

If they made $30,000,000 divided by 1.5 million inspection, that is how much per inspection??????

[Jim Luttrall]

National Field Representatives performs field services for the Mortgage industry. This includes default mortgage inspections (contact or non-contact) and property preservation (securing, winterizing, etc.) throughout the United States.

Not really home inspections, they work for the banks.

[Rick Hurst]

If they made $30,000,000 divided by 1.5 million inspection, that is how much per inspection??????

Per my last finger count, that is 20.00 per inspection. Sign me up.

rick

[Scott Patterson]

This is the field service company that pays $15 for photos and a small exterior visual condition of the property. They are charging the client upwards of $125 per house. I discovered this several months back when I was talking with a banker that I do a good number of draw inspections for. He said that they had just signed a year contract with them for this service on all of the REO's. He was telling me in not so many words that I needed to increase my fee for my draw inspections! I took his unspoken advice!

[Ted Menelly]

Per my last finger count, that is 20.00 per inspection. Sign me up.

rick

My sentiments exactly Rick. It comes to 20 per inspection. Obviously they are leaving a set of figures out of the equation.


I just received a call from ISD or ISDN inspection services out of Arizona about draw inspections. Have not received the info yet but was wondering if anyone ever heard of them.