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camano island: REO Inspections and HUD Property Condition Reports...Buyers Beware - 04/13/10 12:55 PM
The past couple years I have had a chance to see alot of bank owned properties. Some owned by HUD, and those referred to as REO (Real Estate Owned) properties. These properties can offer home buyers a great value and an opportunity for building equity.
Having a home inspection on one of these properties is so very important. Unfortunately the circumstances that led to the home being foreclosed upon also tells you that there likely is deferred maintenance and possible needed repairs that were not performed, because there was no money for the previous occupants to do so.
Furthermore the banks and HUD will … (2 comments)

 

Harold Miller - Everett Home Inspector

Camano Island, WA

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Miller Home Inspection

Address: Everett, Mt Vernon, Seattle, Bellingham

Office Phone: (425) 501-2382

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