Add the Home Risk Fraud Report to your diligence checklist.
Make a more informed decision before you invest!
"Foreclosure Trackers is very easy to use, very user friendly website with pertinent information. The website gives you valuable information about properties in foreclosure as well as pre foreclosure. The photos are very nice, websites like Zillow don’t give you accurate photos of properties, and Foreclosure Trackers does. Overall a very nice website"
- Gary Godges, Realtor
The Home Risk/Fraud Report shows:
- Any relevant activity in the area’s real estate, including the number of local foreclosures, the number of properties that were "flipped," and the variation of prices among homes in the area.
- Previous sales history of the subject property (high sales activity and/or overly rapid appreciation can indicate greater risk).
- 15 to 20 comparable properties in the area showing recent sales activity and loan amounts.
Protect yourself with an FTI Home Risk/Fraud Report! As properties in the immediate vicinity are sold as Short Sales and REOs, values of other properties come down—it’s the nature of the market. It’s also possible that area properties are occupied by homeowners in distress who aren’t keeping up with property maintenance and lawn/pool care, or perhaps the properties aren’t occupied and have been subject to deterioration due to neglect or vandalism. All of these circumstances should be considered when determining the value of a property. This is one reason FTI ensures that 15-20 recent comps are provided in its report. Chances are high that providers of other valuation documents cherry-picked the highest valued area comps in order to produce a higher value for the property you are investigating.
An FTI Home Risk/Fraud Report is an independent measurement of how likely it is that a property’s value is inflated. In the report, properties are given a high to low letter grade (from A to F), with higher grades corresponding to a less-likely chance fraud has influenced the property’s value.
Think of an FTI Home Risk/Fraud Report as a lie detector for valuation data. Because it tells you whether you can trust your valuation numbers, obtaining an FTI Home Risk/Fraud Report plays a critical role in your decision whether or not to purchase a foreclosure or defaulted mortgage. Without it, an investor might walk into the trap of overvaluing a property by several thousands of dollars. Combined with a BPO, appraisal, online valuation, or the investor’s own analysis of comps, the FTI Home Risk/Fraud Report brings the investor closer to establishing the true value of a property in today’s market.
Most investors don’t know these reports even exist, much less where to obtain them! Even if someone has a connection to this information, many sites that do offer Home Risk/Fraud reports will only sell them in bulk for several properties. FTI makes it easy to purchase these reports, whether you need one or one hundred! FTI Home Risk/Fraud Reports are just another example of our commitment to supplying accurate and current data an investor can feel confident using. Our Home Risk/Fraud reports can be ordered online, and are available nationwide, delivered instantly, and available at a discount price to our members.
Add this vital document to your diligence checklist, and make a more informed decision before you invest.
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