A property condition report (PCR) will need to be provided to the mortgage company nearly every time you receive a work order (WO). The bank wants a photographic report of the condition of the property, along with a verbal report of certain essentials. Discovering the necessary information and taking the required photos is essential, but it need not be a time-consuming process.
When you perform an Initial Secure WO, you are the first one to visit the interior of the property on the banks' behalf. And every time you visit the property after that, they are depending upon you to apprise them of its condition, and to alert them if there is something that needs their attention.
People do not come from the mortgage company to inspect the property, after it becomes vacant. YOU are the ONE they are depending upon to tell them all about what condition it is in. That is why the banks hire national Field Asset Managers: companies who take care of their properties for them.
What you takes photos of is what they see. What you tell them about the condition of the property is what they know. This is why it is so important that you submit an accurate and comprehensive PCR every time you visit the property.
A PCR should include at least the following:
There is much more to know, learn, and do when visiting a foreclosed property. This is where you need to become an expert: so you can see everything that is of concern to the mortgage company, report it to them, and provide solutions to fix whatever needs to be fixed.
We encourage you to click here start following all of the links through this section, so that you might be as familiar as possible with everything that should be included in your property condition report.