A foreclosure is the process by which a homeowner’s rights to a property are forfeited because of failure to pay the mortgage. If the owner cannot pay off the outstanding debt or sell it via short sale, the property then goes to a foreclosure auction. If the property does not sell at auction, it becomes the property of the lending institution.
This type of inspection is basically performed in the same manner as a buyer’s residential inspection, but the condition of the property maybe physically altered to the point that the utilities have been turned off, including appliances and fixtures missing. If this condition exists, an inspection is performed to the best of the abilities of the inspector looking at more of the forensic conditions that are present. In many cases, the lending institutions will not pay to have the utilities turned on for an inspection. In some cases, due to the lack of utilities or the property condition, this type of inspection could take a long period of time to inspect and prepare a computerized report which could incur additional costs.
To schedule an inspection or to have any questions answered please call – 770-461-3408
What A Foreclosure Inspection Covers
Hundreds of items are inspected and you will be provided with a computerized narrative report within 24 hours of the inspection listing the general conditions of the structures components and systems, including identification of significant observable deficiencies, as they existed at the time of the inspection.
The following is a listed of what areas/components are included in an inspection:
- GROUNDS – driveway, walkways, retaining walls, patio, fences and gates, grading, and landscape features.
- EXTERIOR – stairs, walls, trim, doors, windows, porch, deck, gutter and downspouts and the chimney.
- GARAGE/CARPORT – garage interior and garage vehicle door operation etc.
- FOUNDATION – slab on grade, raised foundation, crawl space and framing or basement foundation walls and framing.
- ROOF & ATTIC – roof type, flashing, attic including ventilation and insulation.
- PLUMBING – main line, supply line, waste lines, exterior faucets, water heater and laundry area.
- HEATING AND COOLING – type of system, unit efficiency, fuel source, unit condition, and location.
- ELECTRICAL – service supply, main panel, sub panels, conductor type smoke detectors and wiring defects.
- INTERIOR – doors, windows, walls, ceilings, floors, fireplace, ceiling fans, and stairs/handrails.
- KITCHEN – sink plumbing, disposal, counters, cabinets, and all installed appliances.
- BATHROOMS – locations, toilets, sink plumbing, counters, cabinets, venting, bathtubs, and showers.