I think fully 90% of the home inspections I have done this year have been vacant properties that have either been foreclosed or are in a short sale. Earlier this year I did a vacant property that was actually in pretty good shape. However, when I came down from the attic, I showed my Clients the following picture:

Attic storage

I told them that they might be able to find something valuable that they could sell on eBay to help with their mortgage!

Several years ago I was under a house out in Ocean Beach and found a huge collection of soft drink bottles from Pepsi, Coca-Cola, and others, all pre-World War II. I brought a couple of bottles out with me and told them that they should be able to sell them and make a little bit of money. When I went to their house-warming party a month after they closed escrow, they informed me that they had found over 500 bottles in the crawl space and had sold them for $22,000. They also presented me with a 10% finders and consulting commission, which was appreciated and totally unexpected. I didn't do anything other than advise them on the finding and how to dispose of them. I sponsored a party for my employees with the money and bought a couple of spare ladders, flashlights, and digital cameras.

 
Post is included in group: Realtors®

4 Comments on Need help paying your mortgage?

SEP
08
2008
1 Featured Post

Now that's a new twist on home inspections. How fortunate for your clients that you spotted an opportunity that really paid off for them. 

6:01am • #1
283,287 Points 4 Featured Posts Outside Blog
You never know waht you will find in a home that was rushed and abandoned. Now those bottles were a great find. Bet the owner could have saved his home with 22K.
6:15am • #2
373,671 Points 23 Featured Posts Outside Blog

Russel, I don't see a lot of repos, but every one I have seen either everything is gone including the appliances, or there is tons of vauable stuff that had they not bought in the first place or had they sold in a yard sale or on ebay could have made them several more mortgage payments.

9:12am • #3
356,334 Points 16 Featured Posts Outside Blog

Wow, great stuff. You just never know what you will find...we hope not a dead body! ~Rita

10:00pm • #4

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Russel Ray, San Diego home inspector

San Diego, CA

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Russel Ray, Property Consultant

Address: 7000-31 Saranac Street, La Mesa, CA, 91941-3315

Office Phone: (619) 341-0173

Cell Phone: (619) 341-0173

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