Altisource

Question 1

Who is the owner of a pre-foreclosure property?

Answer 1

The borrower

Question 2

How is a no contact inspection completed?

Answer 2

View the property from the public right-of-way or street

Question 3

What is a pre-foreclosure property?

Answer 3

Property attached to a mortgage in default

Question 4

Typically when winterizing an asset, what type of antifreeze should be used?

Answer 4

Propylene- Glycol

Question 5

How many cubic yards of debris can you put in a roll off container that is 8’ wide, 22’ long and 6’ high?

Answer 5

40 CY

Question 6

How many square feet are in an acre?

Answer 6

43,560

Multiplying length x width x height and diving that answer
by 27

Question 7

• For both wet & dry winterizations, how long should you maintain pressure on the system?
• Which is the correct method to insure the system is leak- free?

Answer 7

30 minutes @30-50 PSI

Question 8

Anti-microbial solution is used to:

Answer 8

Treat areas of mold or discoloration

Question 9

When submitting a bid to address discoloration found inside the property, which unit of measurement should
be used?

Answer 9

SQFT

Question 10

Which information is needed when bidding for discoloration?

Answer 10

• Affected area
• Determine the source of discoloration
• Bid to address the source

Question 11

Which type of work would not require a permit?

Answer 11

Re-glazing window

Question 12

On most domestic plumbing systems, what type of winterization should be performed?

Answer 12

Dry

Question 13

Which item below is not a requirement for interior and exterior debris removal?

Answer 13

Removing debris up to the investor allowable

Question 14

For a leaking / damaged pitched roof, tarping is considered a __________ solution.

Answer 14

Temporary

Question 15

Which scenario would not be a legitimate reason to not re-key the front door on a pre-sale property?

Answer 15

Bushes obstruct access to secondary door

Question 16

When bids are submitted to trim overgrown trees/shrubs in the image, the bid/estimate must be in?

Answer 16

LF

Question 17

Which item below is typically an indicator that the property is vacant?

Answer 17

Overgrown lawn

Question 18

When pumping out an in ground pool you should _______________.

Answer 18

pump out leaving 4 feet of water

Question 19

On a daily basis, are you more than likely to address a ______________ code related issue?

Answer 19

Local

Question 20

When submitting a bid to board up an opening, which unit of measurement should be used?

Answer 20

UI

Question 21

What type of code violation are you most likely to encounter?

Answer 21

Landscaping

Question 22

During the initial secure, someone is in the home and they tell you that they have a valid lease on the
property. What should you do?

Answer 22

Ask for copy of lease, contact client, and wait for client instructions

Question 23

The client issues an order to perform discoloration remediation on a property. When you arrive to the
property you see a big hole in the roof that has not been repaired; what steps should you take?

Answer 23

Complete remediation, then notify client that source still needs addressed

Question 24

When a neighbor approaches you or a work crew and asks why you are working on this property, which
response would be most appropriate?

Answer 24

“We are doing work on behalf of the mortgage company.”

Question 25

Which item below would be considered personal property and not be removed from a pre-foreclosure home?

Answer 25

Outdoor grill with no propane tank installed

Question 26

When a vagrant is found occupying the property, the vendor should take which steps?

Answer 26

Contact local law enforcement

Question 27

When tree limbs are on the ground and impede a scheduled grass cut, what should the vendor do?

Answer 27

Move the limbs and mow as scheduled

Question 28

When a new code violation is posted on a property, the vendor should _______________.

Answer 28

Take a photo of the notice and notify the client

Question 29

An employee is considered as:

Answer 29

Someone who receives a W2