Drive-by inspection

Short description: Act of property assessment

Drive-by inspection is a quick assessment of a property.[1] Drive-by inspection, or quick property assessment of properties are performed to assess a real estate property, such as of by field investigators for out-of-town landlords of rental property.[2] Drive-by inspection services are primarily used by financial institutions in the case of foreclosure and require foreclosure property preservation and bank foreclosure inspection services and specialists.

## Foreclosure

Drive-by inspection process includes:

* Property assessment,[3] upgrades and improvements - the property is inspected by a professional which inspects based upon a report verifying that all given financial funds and resources where utilized solely for home improvement.
* Investigation and verification - is done to confirmed the property address, determine neighborhood condition and value of properties, and capture a photographic record of property interior and exterior.
* Legalization
* Implementation of methods and procedures are enforced by:
* Fair Debt Collection Practices Act
* Fair Credit Reporting Act
* Health Insurance Portability and Accountability Act

## References

1. ↑ (in en) Field Inspection Start-up Guide. Inertia Team. https://books.google.com/books?id=4cqKGweuQyEC&dq="Drive-by+inspection"&pg=PT26. Retrieved 1 July 2016.
2. ↑ Wallin, Craig. (2009). "Drive-By Profits: Your Step-by-Step Guide to Making Money as an Independent Field Inspector." Anacortes, WA: Headstart Publishing. p. 148.
3. ↑ "Property Valuations". http://www.perthpropertyvaluations.net.au/. Retrieved 29 April 2015.

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