Altisource Flashcards
Who is the owner of a pre-foreclosure property?
The borrower
How is a no contact inspection completed?
View the property from the public right-of-way or street
What is a pre-foreclosure property?
Property attached to a mortgage in default
Typically when winterizing an asset, what type of antifreeze should be used?
Propylene- Glycol
How many cubic yards of debris can you put in a roll off container that is 8’ wide, 22’ long and 6’ high?
40 CY
How many square feet are in an acre?
43,560
Multiplying length x width x height and diving that answer
by 27
- 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?
30 minutes @30-50 PSI
Anti-microbial solution is used to:
Treat areas of mold or discoloration
When submitting a bid to address discoloration found inside the property, which unit of measurement should
be used?
SQFT
Which information is needed when bidding for discoloration?
- Affected area
- Determine the source of discoloration
- Bid to address the source
Which type of work would not require a permit?
Re-glazing window
On most domestic plumbing systems, what type of winterization should be performed?
Dry
Which item below is not a requirement for interior and exterior debris removal?
Removing debris up to the investor allowable
For a leaking / damaged pitched roof, tarping is considered a __________ solution.
Temporary
Which scenario would not be a legitimate reason to not re-key the front door on a pre-sale property?
Bushes obstruct access to secondary door
When bids are submitted to trim overgrown trees/shrubs in the image, the bid/estimate must be in?
LF
Which item below is typically an indicator that the property is vacant?
Overgrown lawn
When pumping out an in ground pool you should _______________.
pump out leaving 4 feet of water
On a daily basis, are you more than likely to address a ______________ code related issue?
Local
When submitting a bid to board up an opening, which unit of measurement should be used?
UI
What type of code violation are you most likely to encounter?
Landscaping
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?
Ask for copy of lease, contact client, and wait for client instructions
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?
Complete remediation, then notify client that source still needs addressed
When a neighbor approaches you or a work crew and asks why you are working on this property, which
response would be most appropriate?
“We are doing work on behalf of the mortgage company.”
Which item below would be considered personal property and not be removed from a pre-foreclosure home?
Outdoor grill with no propane tank installed
When a vagrant is found occupying the property, the vendor should take which steps?
Contact local law enforcement
When tree limbs are on the ground and impede a scheduled grass cut, what should the vendor do?
Move the limbs and mow as scheduled
When a new code violation is posted on a property, the vendor should _______________.
Take a photo of the notice and notify the client
An employee is considered as:
Someone who receives a W2
