Verifying the Value of a Property
I am interested in purchasing notes, however, have concerns about being able to accurately value the property attached to a given note- the collateral. As a former real estate agent who has completed BPO's, I understand their limitations in valuing a property. A BPO will not unearth unseen problems that may exist, such as termite damage, excessive interior damage caused by an occupant, etc. How do you manage this issue? Thanks so much!