What is an independent field inspector?

What is an independent field inspector?

Field inspectors travel to property locations to document the state of the property or to verify facts about it, explains career website Betterteam. Independent field inspectors work for themselves, soliciting business from several companies rather than working as employees of just one inspection service.

Is mortgage field services legit?

Fraudulent Company The only communication I had with the employer was to pay. They gave out gas cards for raffles & never thought about the employee’s with once a month $8 inspections. Promised for 6mo workload would pick due to more clients.

Why are foreclosures cash only?

Buying your foreclosed property with cash: A cash purchase means you won’t have monthly loan payments, and will avoid the interest expense and closing costs involved with financing. You may be able to negotiate a faster closing on your home because you can eliminate the additional time involved in obtaining financing.

Are foreclosures worth buying?

Buying a foreclosed property can be a great deal—if you can handle some risk. Make sure you get your home inspected, and figure out how much other homes in the area are going. That way you don’t end up paying more than you should.

Are foreclosures a good investment?

Foreclosed homes are real estate properties whose owners failed to make the mortgage payments. So, the bank took over the property and tries to sell it to get back the investment it made. Buying foreclosed homes can be a good real estate investment strategy. However, these investment properties are not for everyone.

How much should you offer on a foreclosed home?

You should probably make your initial bid at a price that’s at least 20% below the current market price—perhaps even more if the property you’re bidding on is located in an area with a high incidence of foreclosures. If you can pay for the property and any necessary renovations in cash, you’re in an enviable position.

How long does it take for a bank owned property to accept an offer?

Most likely they will respond in 3 to 5 business days. On some occasions, they will respond in 24 hours. We have no control over the bank’s decision making process. Some banks do not look at offers until the property has been on the market for 5 to 10 days or evenre they review an offer.

How many months can you not pay before foreclosure?

Generally, homeowners have to be more thannquent before a foreclosure can begin. If you’re behind in mortgage payments, you might be wondering how soon a foreclosure will start. Generally, a homeowner has to be at leastnquent before a mortgage servicer starts a foreclosure.

Can you offer less on a foreclosed home?

If there are no offers on the REO home, you can probably offer less than list price and get your offer accepted. However, if there are more than two offers, you will most likely need to offer above the asking price.