Certified Pre-Owned Foreclosure - The Faster Way to Sell Your Listings

CPOF Package

The Following is an overview of the CPOF Inspection Package choices

A certified Pre Owned Foreclosure is a foreclosed home that has been professionally inspected and reported on by an approved Certified Pre Owned Foreclosure inspector.
Each CPOF will be registered as one of the following types. During registration, the agent, seller or inspector is asked to select which package choice they would like. Each package offers different levels of inspections and disclosure. The average prices listed are for homes under 2,000sf and less than 10 years old.
Package:	Includes:

SILVER	The Silver CPOF Package includes a, Limited Visual Assessment that is either “Exterior only or a full LVA, covering the Exterior, Structure, Roof, Electrical System, Plumbing System, HVAC and the various systems and appliances. This package offers investors and prospective buyers the benefits of having the foreclosed homes Certified Pre-Owned at a more reasonable price. A typical cost for a 2000 SF home is approximately $200 - $250. All inspection reports are available on line for either free download or on a pay per report basis.

Survey Reports Under the program, we have two inspection reports, Exterior Only Visual Inspection” and the Limited Visual Assessment” Exterior Only Visual Assessment Survey Where difficulty arises as far as accessing properties, our inspectors make every attempt to determine the exterior condition of every home in on our system. By far this is a critical part of any inspection, as any breach in the exterior envelope can have disastrous consequences on the interior condition of every home we review. Moisture intrusion, leakage, presence of faulty of class action lawsuit siding, poor stucco/plaster practices, synthetic stucco failures, roof age and condition, leakage, flashings etc. all can have a huge effect on the performance of the home in question. Our inspection report will catalog all of these components and their respective condition, which will be backed up with pictures for your ease of understanding. The exterior only visual assessment survey includes an assessment of: 1. The exterior roof 2. The exterior façade and structure 3. Street views in all directions (minimum two pictures) These inspection reports are less expensive the full visual assessment. Click Here to register for free. Limited Visual Assessment Survey The Limited Visual Assessment Survey includes an limited analysis of the interior and exterior of the home in question. It includes an assessment of: 1. The roof 2. The exterior and structure 3. Electrical 4. Plumbing 5. HVAC system 6. Interior and Appliances 7. Street views in all directions. (Minimum two pictures) Report is a professional report generated automatically from the data entered. A sample of the inspection report can be viewed when you log into the system. Registration is free. While the limited visual assessment is NOT a full home inspection report, it does go a long way to help minimize investment risks and inflated estimates for lenders and investors reduce time for investors, and much more. The Certified Pre-Owned Foreclosure / Foreclosure Rating Survey report, “The Limited Visual Assessment” was developed for existing resale homes. The rating system is based on anticipated upcoming maintenance costs and remaining years of life for the various elements and components. Just because your listing or investment is old does not mean that it will not pass the rating scale. There is no pass / fail on foreclosure inspections. You get the rating and the condition up front so you can make a wiser decision as far as your investment. For example, if a new roof is needed based on the data collected and input on the system, you will be notified on the rating and completed report. The bank or seller therefore has a choice at this stage if you proceed with the foreclosure purchase: They can replace the roof, escrow funds for the replacement at closing or take that into consideration when negotiating a purchase price. The key is, you are in control. Eliminating your risk and taking control of the transaction is the key to a solid investment. Almost every investor has a home inspection conducted after the contract but with so many properties on your list and multiple offers on the table, you can waste thousands of dollars on home inspections because of what they find. This application helps you eliminate the possibility of wasteful inspections on homes that may be too poorly maintained and have too much risk. It is also important to know that this inspection does not take the place of a conventional home inspection. A home inspection is much more involved. For an example of our Foreclosure Rating, “limited Visual Assessment” survey report you must log into our system. Click Here to register for free.
GOLD	The Gold CPOF Package includes a FULL home inspection covering all the systems and components of the home in addition to the Limited Visual Assessment. This package is reasonably priced and offers sellers complete knowledge of their home’s condition. All inspection reports are available on line for either free download or on a pay per report basis.

PLATINUM	The Platinum CPOF Package includes a FULL home inspection covering all the systems and components of the home AND a WDO/WDI inspection. This package is the best value for lenders, prospective buyers and investors, as it provides the most comprehensive disclosure. All inspection reports are available on line for either free download or on a pay per report basis.