Foreclosed Property Inspections

Foreclosed properties make up a large percentage of home sales in the current Real Estate market. Foreclosed properties are not just older properties that may have lots of past repairs that were not properly performed or appliances that are not properly installed and/or renovations in their history. We find new homes that in some cases are said to be complete but have no C/O (Certificate of Occupancy) issued for the structure and the owner, who in most cases is the bank or lender that has taken possession of a builder’s inventory at bankruptcy. The lender does not actually know what stage of construction the houses are physically in at the time of possession and it is up to the buyer to do their due diligence. Unless a buyer knows his/her construction methods and materials, they will not know what items are complete or what is needed to complete the structure for occupancy. All foreclosed properties for sale are recommended to have a home inspection prior to closing, at least during the buyers due diligence period, which should be a requirement in the conditions of the sale.

We find lots of code violations, construction practices, and incomplete construction in new homes that have been repossessed by the builder’s lender at bankruptcy. A certified inspector should he/she be knowledgeable of construction methods and materials, will identify code violations, poor construction practices, and incomplete construction items. Premiere Inspection specializes in new construction and inspector Delford Murphy of Premiere Inspections knows Residential Construction Methods and Materials. We are well prepared to provide professional inspections for all types of residential construction.

Before you buy trouble, call and schedule your inspection today!

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