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REO Services

Services   |    Inspections   |    Valuation   |    Title Services


The primary goal of MasterWorks inspection services is to provide timely and accurate information regarding occupancy status, first time vacancy, and property condition. Inspections are completed in compliance with Investor/Insurer guidelines when needed. MasterWorks provides the client with direct and immediate information to ensure the highest timely completion. Not only do weperform exterior, visual inspections, but we also ensure property preservation and preventative action by completing interior inspections. The combination of both servicesallow us toeffectively and accurately evaluate property condition and need, inside and out.

MasterWorks offers the following Property Inspection Services:

Initial Property Inspection
A visual, exterior inspection for occupancy verification per Client instruction and/or Investor/Insurer guidelines, with a property description and no interior access.

Property Inspection
A visual, exterior inspection for occupancy verification per Client instruction and/or Investor/Insurer guidelines, with a property description and no interior access. The inspection can be performed at the frequency requested by the Client.

Bankruptcy Property Inspection
A visual, exterior inspection for occupancy verification per Client instruction and/or Investor/Insurer guidelines, with a property description, no interior access, and no contact made with the mortgagor, property occupant, or third parties.

Monthly Interior Inspections on Vacant and Secure Properties
MasterWorks provides the option of ordering interior monthly inspections on vacant and lockbox-secured properties to allow compliance with the accepted interpretation of the Investor/Insurer guidelines for interior inspections. We will provide information based on a visual "walk-through" inspection only and will not include any comprehensive testing or certification of the property condition. The main emphasis and purpose of the interior inspection is to alert the client to any visible damages or situations that, if not addressed immediately, could lead to damages or the issuance of a citation by the city.

One Contact Attempt Inspection
Contact inspections are generally ordered by mortgage servicers and lenders when contact must be attempted with the borrower. One attempt is made to contact the mortgagor during a visual exterior inspection for occupancy verification per Client instruction and/or Investor/Insurer guidelines with a property description and no interior access. A message will be provided to the mortgagor to contact the Client's facility at a specified phone number and extension.

Two Contact Attempt Inspection
Contact inspections are generally ordered by mortgage servicers and lenders when contact must be attempted wit inspection for occupancy verification per Client instruction and/or Investor/Insurer guidelines with a property description and no interior access. A message will be provided to the borrower. Up to two attempts are made to contact the mortgagor during a visual exterior the mortgagor to contact the Client's facility at a specified phone number and extension.