REOs Should Hire Home Inspectors BEFORE They Put A House Up For Sale!

By
Home Inspector with Jay Markanich Real Estate Inspections, LLC 3380-000723

REOs should hire home inspectors BEFORE they put a house up for sale!

The buyer called to ask for an inspection, and said the house was "in rough shape."  But, he also said the bank had done roof repairs.

The realtor representing the bank said the roofer was done with "the roof repairs."  I guess the "roofer" called the realtor who called the bank who sent him a check for the "repairs."

I AM GOING TO BET THE REALTOR REPRESENTING THE BANK HAS NOT BEEN BACK TO THE HOUSE TO SEE THE "REPAIRS."  AND PERHAPS COULD NOT CARE ANY LESS.

 

 

Having a look around the house, and inside the attic, I determined there were 11 places where the roof needed repair.  Many were complemented with serious rot in the roof sheathing and hugely amplified mold inside the house.

THE PHOTO ABOVE IS THE ONLY PLACE I COULD FIND THAT LOOKED LIKE IT HAD BEEN REPAIRED.  TO USE THE WORD "REPAIR" TO DESCRIBE IT IS UNFAIR TO THE WORD REPAIR.  TO USE THE WORD "ROOFER" TO DESCRIBE THE REPAIR PERSON IS UNFAIR TO THE PROFESSION.

So, let's have a look at this:

  • Above and below the green dots is greenboard.  He didn't go with the regular stuff - he "upgraded" from drywall to greenboard.  That came out about 35 years ago to be used in bathroom walls and other areas where moisture could be an issue.  It was more resistant to moisture than regular drywall.  It is NO LONGER acceptable even for bathroom applications as it has been superseded by better products like Denshield or Dura-rock, which are impervious to water and mold.  This guy thought greenboard to be the best product for this application apparently.  He heard it's good for moist locations!
  • Beside the blue dot is a piece of folded sheet metal.  Apparently this guy knew metal flashing is supposed to be used with roof applications so he put some here.  It is folded nicely to encourage water to flow downward from the leaky spot in the gutter (repaired with drywall screws).  The greenboard is shedding that water nicely, as advertised.  Points awarded there.
  • Above the red dot is something this guy thinks is an gap sealer.  It is cardboard.  However, before you judge, it is rolled up and fits into the hole it is intended to seal.  So you could say it's properly sized.
  • Above the yellow dot is a piece of very cute plastic.  Not sure why it's there in place of, oh, greenboard, but it is.   Maybe this guy wanted to show his ability with different products!
  • And last, but not least, is the space above the orange dot.  There was rotting wood there, dontchaknow, and we know rot is bad.  Even this guy knows rot is bad.  So he chipped it out.  Rot can spread.  Rot bad.  Get rid of rot.  Rot gone.

Everything is installed with DRYWALL SCREWS of course.  We want all this to hold in place a long, long time!  Somehow he even got those screws into the brick!  You can see that this guy wasn't dumb enough to put drywall screws into the cardboard.  They would have squished the cardboard so it didn't seal properly.

There is no rust on any drywall screw yet, which develops quickly outdoors.  So this is a very recent "repair!"

The most irresistible feature, which did not photograph well, is right behind where the downspout attaches to the gutter.  That is a gaping hole into which you can see right into the attic space!  I am pretty sure that is intentionally left to act as THE SOFFIT VENT.

So, as to this stellar roof "repair," what grade would you give this guy?

Now, does the bank know anything about this repair?  Did anyone follow up to tell the bank that things went really well with all the roof "repairs?"

I'm going to bet NOT!  But I bet they paid for it!  The buyer of this house will pay for it, for sure.

What the bank needs is boots on the ground!  They need verification!  They need to get real and if, that's IF, they go about making repairs to an REO property that they at least pay for something worthy of payment!

My recommendation:  trust but verify!  Where have you heard that?  If I had simply told you about this house, without the photo, many would not have believed me.  Yes, I know this post is full of DRIPPING AND DROOLING SARCASM.  That's because, as a home inspector, I am so tired of seeing infantile work like this.  This is an example of where the professionalism in the trades is heading in many regards.  So often professional work is out the window.  Like Red Adair said, "If you think a professional is expensive, wait 'til you try an amateur!"  True words.

 

 

Posted by

Jay Markanich Real Estate Inspections, LLC  

Based in Bristow, serving all of Northern Virginia.

Office (703) 330-6388   Cell (703) 585-7560

www.jaymarinspect.com


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Rainmaker
1,263,398
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Good morning Jay,

If the banks would get the properties back on the market in a timely fashion it would help with some of the problems.

Make yourself a great day

Jan 30, 2014 10:48 PM #21
Rainer
355,932
Tom White
Franklin Homes Realty LLC (615) 495-0752 or www.FranklinHomesRealty.com - Franklin, TN
Franklin Homes Realty LLC, Franklin TN

Jay, what is this, about 12 sq ft. of the exterior? If this is representative of the whole house, maybe it's time for the wrecking ball!

Jan 30, 2014 11:16 PM #22
Rainmaker
749,795
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

These "repairs" were all just a waste a everyones time. Only thing missing are some gobs of " Great Stuff".

Jan 30, 2014 11:21 PM #23
Rainmaker
2,464,514
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Your darn tootin they should have an insepction...I did a open house where we had an inspection report available for review...Makes everyone relax

Jan 30, 2014 11:55 PM #24
Rainer
37,818
Jill Saddler
Draper, UT
Draper Utah Real Estate Professional - 25 years+!

Gosh - you find the scariest stuff, Jay!!

Jan 31, 2014 02:58 AM #25
Rainmaker
122,244
Brett Tousley
Keller Williams Realty - Richland, WA
Tri Cities Real Estate | (509) 420-0013

And some REO's would be better served if they were burned to the ground prior to lisitng.  That lack of repair is sad on a few fronts.  Of course contractor should have done a better job and the listing agent should have checked the work but where the heck was the buyer's agent in all of this?  At the very least, a competent buyers agent should have noticed this and given the buyer the advice that there would be trouble down the road, possibly even if they were using rehab financing.

Jan 31, 2014 06:54 AM #26
Rainmaker
2,189,919
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

I think you've gotta give the guy a break and just chalk it up to the fact that he was drinking on the job and does all of his work at 4 AM.

Jan 31, 2014 07:32 AM #27
Ambassador
3,901,577
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Jay- I do love Red Adair's words.  Or.. cutting your nose to spite your face.  It seems tome that several people dropped the ball, or in this case, the shingle. 

Jan 31, 2014 08:07 AM #28
Rainmaker
1,850,322
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

Raymond - they have held on to properties to release them piecemeal so as to not create a panic, I think.

This house is a disaster Tom.  The buyer is an investor and thinks he got a good deal.

That and duct tape Jeff.  What bothers me most is that this joker repair guy got paid for this!

Richie - it would have saved them paying this guy, right?  I wonder what his invoice said...

Jill - there are people who think I make this stuff up.

Jan 31, 2014 11:29 AM #29
Rainmaker
1,850,322
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

Brett - the house is "as is," of course and the buyer is an investor going in with eyes wide open.  I don't think he entirely understood what he was in for, until the inspection.

If so, Elizabeth, that guy has already gotten too many breaks!

I think the bank must feel they did a good job Kathy.  And paid for it!  I wish I knew who to send some photos to!

Jan 31, 2014 11:32 AM #30
Rainmaker
908,388
Pamela Seley
West Coast Realty Division - Murrieta, CA
Residential Real Estate Agent serving SW RivCo CA

Jay, where does one begin where the incompetence begins? I agree, banks should have proper home inspections performed prior to listing. The bank is throwing stuff out there to see what sticks. It's really pathetic and disgusting. Over time, I've learned who the guilty culprits are so I stay away, far far away.

Jan 31, 2014 03:38 PM #31
Rainmaker
1,850,322
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

Those are two good adjectives Pamela - this buyer is an investor however and they are looking for sows' ears sometimes.  This one was overwhelming though, even to him!

Jan 31, 2014 07:25 PM #32
Rainer
335,075
Dena Smith
DSmith Realtors - Irving, TX

Sadly this is standard for bank owned properties. I cringe when I get a buyer who asks for this transaction type specifically. They always change their mind after viewing one.

Jan 31, 2014 09:56 PM #33
Rainmaker
1,850,322
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

Dena - there is a small market for them, but it takes the steel of stomach.

For sure Will.  And they come as advertised.

Feb 01, 2014 05:59 AM #35
Rainmaker
690,134
James Quarello
JRV Home Inspection Services, LLC - Wallingford, CT
Connecticut Home Inspector

It was nice of that guy to put all those colorful dots on his work so you could identify his stellar work. 

I think banks don't care much about the house. They just want it off their books. 

Feb 01, 2014 09:05 PM #36
Rainmaker
1,850,322
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

I agree JimThis guy is a total upgrade in every sense of the word!

As to part 2 - yes!

Feb 02, 2014 01:15 AM #37
Rainer
91,557
Alex Popovic
Apex CRE - Phoenix, AZ
Alex Popovic Designated Broker Commercial RE

Jay,

Great blog, and demonstrates part of the problem with dealing with bank REO's.  Love the Red Adair comment, haven't heard it in years and forgot about it, it's now in my top 5

Feb 02, 2014 05:33 AM #38
Rainmaker
1,850,322
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

Thanks Alex.  And yes, that's a great quote!

Feb 02, 2014 06:56 AM #39
Rainmaker
240,642
Lisa Perry - NMLS # 276329
FHA, VA, Jumbo, Downpayment Assistance, Conv. - Fairfax, VA
Northern VA - VHDA, 100% Loans - Jumbo Loans

I think he was wearing "rose colored glasses" with the rose!

Feb 02, 2014 11:20 AM #40
Rainmaker
1,850,322
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

My client is an investor Lisa, and while not new to this rodeo was not entirely aware of what is up with this house!

Feb 02, 2014 05:40 PM #41
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Rainmaker
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Jay Markanich

Home Inspector - servicing all Northern Virginia
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