Home, Commercial Expert Witness, Construction Defect inspector in Pasadena, Arcadia, Sierra Madre, Glendora, San Marino, Monrovia, Covina, San Gabriel, Altadena and surrounding cities. Pasadena Home Inspection
Phone: (626) 246-8833 Visa MasterCard michael@national400inspections.com
Michael R. Moore - MCI Fully insured with both Errors and Omission
and General Liability Insurance
National400Inspections.com
Full color digital photos of defects and reportable conditions are included with every inspection

Pre-Purchase
Bank-Owned/Foreclosed (REO) Properties

PRE-PURCHASE INSPECTIONS

This type of inspection is our most frequently requested service. It is best to call and schedule your inspection after your offer/counteroffer to purchase the property has been accepted (in writing) by the seller, and you have opened or are scheduled to open escrow. We conduct these inspections on pre-owned ("used") properties, brand new properties, and bank-owned/foreclosed (REO) properties. The building(s) will be single-family homes, town homes, condos, apartment houses, commercial buildings and manufactured ("mobile") homes. For a comprehensive listing of the building components inspected, operated, and reported on please see the "Standards" page link from our homepage.

Bank-owned/foreclosed (REO) properties: Current market conditions and previous questionable lending practices and borrower qualifying/approving criteria have produced an exponential increase in inventory of these properties. To be sure, there are some great values to be had, but BEWARE: Typically, these properties will display by far the most neglected/deferred maintained equipment, systems and components. Some of these will be readily apparent, but others will not. In addition, (very significant), REO property owners are not required to disclose ANYTHING to buyers about the current or past property conditions, including findings from previous inspection reports. (i.e., they are relieved of any responsibility of producing a "Transfer Discloser Document" about the property to you). Generally, upon our inquiry, it has been discovered that some or all of the utilities (i.e., gas, water, and electricity) are off to the building, usually as a result of shut-off and lock-down by the utility provider due to delinquent payments from the previous owner. In most instances you will need to make (repeated) requests to the listing agent to have the utilities turned back on. Please be advised that to perform a full and complete inspection of the property we require ALL of the utilities to be on. Be prepared to hear real estate agents claim that professional inspections of REO properties are un-warranted, as the property is sold "as is", and "… they are refusing to make any repairs or issue any money credits." To be clear, the primary purpose of an independent inspection of the property is NOT to provide the sellers with a (request for) repairs list. The intent is to educate you, the buyer on the current conditions of the property including undisclosed/unseen safety conditions hazardous to occupants, antiquated/obsolete/inoperative components and equipment (potentially costing you many thousands of dollars in unexpected repairs/replacement), or defective/undesirable conditions that could affect future resale (value) of the property. Our professional inspection serves as your "parachute" in this sky-diving free-fall you are experiencing called an "escrow"!

 

To Schedule An Inspection Please Call:
Michael R. Moore
National 400 Home Inspections
Phone: (626) 246-8833
3232 Brookridge Rd., Duarte, California 91010
E-mail: michael@national400inspections.com
http://www.National400Inspections.com

International Code Council. Certified Combination Dwelling Inspector # 5039922-55
Licensed General Contractor Home Improvement Contractor International Association of Plumbing and Mechanical Officials (IAPMO) Certified Mechanical Inspector Certified Plumbing Inspector State of California Division of Codes and Standards Manufactured Housing Program

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