Foreclosures
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They do look for their money back though. That's the whole issue I have with it. Before somethings wrong with it, try to make an offer on the house. Most of the time they will say we need this much, and nothing less. Ok, so 6 more months go by, and now the house is flooded and moldy, and only worth a fraction of its original price(unless, again, they dump thousands of dollars in it rather than pay $10/month to keep it "healthy").
Specific example: House is selling for $75k foreclosed(which is likely UNDER market value because of their "investment"), ends up sitting vacant for a year, gets moldy, now it needs to be gutted for ~$17k and you have to sign a damn waiver just go look at the house. RETARDED!
Chuck, that's not a terrible idea...
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Trafik Jamz;261385 wrote:
Sounds like a good time to start a home watching service for the banks Tony. Set up a proposal in which they pay the power on the home and you'll go in once a week and verify that the house is in sound working order (5 to 10 minutes on site) in exchange for a monthly fee per home....I'd say $50/month to do this for them. Sell it as a preventive maintenance agreement. I've seriously thought of setting up services like this in several larger metropolitan areas and subbing the work out.Thats a really good Idea!!!!
Tony, I will work for you!
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I'm saying you need to let them know to keep the electricity on as well...and you will check on the property.
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btw, if anyone is interested in setting up a business like this, let me know. I have put a fair amount of thought into it and would be willing to assist someone in getting started.
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treimche;261403 wrote:
In the spring time when all the snow is melting, you would need to be emptying the sump every hour. There's times in the spring where mine will run every 15 min dumping a ton of water out. They just need to have power to the sump pump all the time.Having the A/C kick on every once in awhile isn't a bad thing either. Helps keep the humidity down, and how often will it run(CA anyway) if the doors never open or close? Rarely. Hell even emptying a dehumidifier every week or so would help a ton.
I'd be interested.
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PSiedTSi;261407 wrote:
Having the A/C kick on every once in awhile isn't a bad thing either. Helps keep the humidity down, and how often will it run(CA anyway) if the doors never open or close? Rarely. Hell even emptying a dehumidifier every week or so would help a ton.I'd be interested.
Why bother running the A/C? Air conditioning is NOT cheap and neither is running a dehumidifier.
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MisterCMK;261420 wrote:
Why bother running the A/C? Air conditioning is NOT cheap and neither is running a dehumidifier.20/mo for electricity > 67k dollars to completely gut and remodel the house
i think is the point being made
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NickB;261433 wrote:
That's why they hire brokers and SafeGuard(I think)..We are a direct broker for several large banks, they don't hire out to just anyone. Now they hire a certain company of their liking to handle everything
Sure looks like everything is being "handled" :icon_scratch: A retarded monkey could prevent a vacant house from growing mold. Hell, too bad they killed that one earlier this week, I'm sure he would have done a great job.
MisterCMK;261420 wrote:
Why bother running the A/C? Air conditioning is NOT cheap and neither is running a dehumidifier.Running an A/C at say 78-80 degrees when the door is hardly opened will NOT cost a lot, especially when considering remodeling costs, etc.
A swing and a miss by CMK.
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Are bank's paying insurance premiums on these homes? This could be intentional on the part of the banks, since it might be the only way for them to get a post-collapse price for the house. Enough mold makes a house a total loss, right ?
If that's not the case, i don't think it would take more than a few photos of some of the "after" pictures and a written estimate of the repair costs to make the case to a bank that it's worth $50/home/month to do this kind of crap. Most are already paying snow removal crews to comply with city laws [hint: banks also like to sell foreclosures before winter if they can make it happen]
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24valvenotak;261422 wrote:
20/mo for electricity > 67k dollars to completely gut and remodel the housei think is the point being made
67k to gut and remodel a house because the air conditioning is not running? What point are you making here? Oh what did they do before A/C?
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PSiedTSi;261465 wrote:
Running an A/C at say 78-80 degrees when the door is hardly opened will NOT cost a lot, especially when considering remodeling costs, etc.A swing and a miss by CMK.
You never answered my question about what is the point of running the A/C. Opening and closing the door is not what is going to cause the air handler to run...
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MisterCMK;261504 wrote:
You never answered my question about what is the point of running the A/C. Opening and closing the door is not what is going to cause the air handler to run...It helps take the humidity out of the air. Cooler air=less humidity naturally. And yes, opening the door will cause the "air handler" to run. When it's warmer outside than inside, you open the door, and uh oh the temperature changed. Houses are tight enough that without doors being opened/closed it shouldn't run more than a couple of times a day, if that. I know my parents CA hardly ever runs unless people are going in and out.
You're picking on the wrong point of my rant. It's not ABOUT the A/C, it's about keeping air circulating and preventing mold growing conditions. Opening windows would suffice most of the time, but the humidity here is ridiculous in the summer.
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PSiedTSi;261520 wrote:
It helps take the humidity out of the air. Cooler air=less humidity naturally. And yes, opening the door will cause the "air handler" to run. When it's warmer outside than inside, you open the door, and uh oh the temperature changed. Houses are tight enough that without doors being opened/closed it shouldn't run more than a couple of times a day, if that. I know my parents CA hardly ever runs unless people are going in and out.You're picking on the wrong point of my rant. It's not ABOUT the A/C, it's about keeping air circulating and preventing mold growing conditions. Opening windows would suffice most of the time, but the humidity here is ridiculous in the summer.
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MisterCMK;261503 wrote:
67k to gut and remodel a house because the air conditioning is not running? What point are you making here? Oh what did they do before A/C?i believe heat and sump pump were also mentioned in this discussion. i didnt say a/c, either. smart ass.
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I've actually talked to my Realtor and a guy at Wells Fargo about this same issue...
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