Pre-Seizure Analysis
The Pre-Seizure Analysis requires the return of the Title and Valuation products from each vendor. The analysis can only begin after its receipt and the completion is recorded within TRACK. The completion will trigger the system to provide the appropriate group with a task associated to the Pre-Seizure CLIN.
The client uses ORE’s opinion about the financial liquidity of properties to inform their decision about seizure. When preparing a Pre-Seizure Analysis, it is important that the Analyst is comfortable reading the following:
Preliminary Title Report
Title Summary Report
Valuation Data
Information directly or indirectly related to the aforementioned reports/data elements is required to be input into TRACK. The accuracy of the information directly affects downstream decisions and actions.