Software to Address Foreclosed Properties

CARMEL, Ind. - New Image Software announced that the new version of its Inspector FX home inspection software allows the inspector to address repair costs in foreclosed properties. A customizable disclaimer appears at the bottom of the summary.

According to New Image Software president Richard Jordan, "Due to the glut of bank owned properties we have received numerous requests to include the ability to provide total estimated repair costs in our Deficiency Summary.
Inspectors have historically avoided giving cost estimates, but these are not normal times and now is the time to rethink this position." This feature is for lenders or professional investors, not your average buyer. These professionals are not asking for repair bids, they just need general ballpark ranges in order to determine the value of their inventory. Inspectors who offer this service could find themselves in great demand by lenders," he said.

As defective items are discovered during the inspection, the inspector can enter his or her best educated guess at to the cost to repair or replace each item. When the Deficiency Summary is printed, the client will receive an itemized list along with a total for the property. Users are also given the opportunity to include all photos taken during the inspection.

For more information visit www.inspectorfx.com.