Archive for the ‘foreclosure’ Category

Is that the house they can’t sell?

I wonder what’s wrong with it, it’s been on the market a long time. Maybe there’s a building code violation on it and the bank won’t finance it until it’s corrected.

Ever ask yourself this question?

Sometimes, there is a building code violation and that’s what’s holding up the sale. Any unit that has work not filed with the city, is illegal. Example; when an owner makes an additional alteration and the city has no record of it, the bank is going to reject the mortgage until the violation is corrected. The bank wants to see the home inspectors report as well as the appraisal. It will show up. A clear example is changing the garage into a living space. There was a time when the banks looked the other way, those days are gone.

Just for your own protection, and for a future sale, always get the job done with city or township approval. It’s not only a safety issue but if the job is done incorrectly, you may need to tear it out and redo it. So it’s a monetary issue as well. Ever see Homes on Homes?

So don’t paint yourself into a corner;

because, you wanted to go the easy way, or save money.

A job well begun, is half done!

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