![]() | |
![]() | |
![]() |
Real Estate Information |
|
![]() |
Termite and Moisture Damage Not Reported
I have done so many appraisals where I saw obvious damage that was not reported by the other inspectors. The first couple of times I thought it was just carelessness. I came to realize it was the same agents who had found what I call pocket contractors or repeat business. Most buyers are not aware of this problem but believe me it is a big one. I remember one very nice fairly new house and I saw what appeared to be moisture damage as soon as I pulled up to the curb. It was on the first and second floor window frames. Also there was a paladium window that leaked on the second floor of the foyer. When I got done with the appraisal, I made the report "subject to" the specific itemized repairs and termite and moisture inspection. The loan processor immediately called me and said they had a clear letter from the termite and moisture inspection and nothing was mentioned in the home inspection with regards to those problems. I didn't change anything. A few days later the mortgage company called and said the repairs had been completed and to do a final inspection. I returned to the house. The first thing I noticed was the second floor fascia and sills looked exactly the same. Everything had been done on the first floor. We got the huge heavy ladder out which infuriated me, as I don't like heights and that someone would try to fool me by doing the obvious, clearly visible repairs. I climbed up the ladder and stuck my pencil in the wood, it sunk right in like a chop stick in pudding. Then a big hunk came off. I called the mortgage company and rejected the repairs. I was called again and they weren't complete. The repairman was supposed to finish in the afternoon and the loan was to close the following morning. The new owner was a doctor at VA and didn't have any flexability in her schedule. The carpenter apologized to me that the agent had not told him about that or he would have done it. I didn't tell him that I knew the agent and deceipt was her profession. He ran out of the right sized wood so I suggested that he improvise by putting a piece of trim at the top front with caulk just to prevent element exposure. I was there until 8:30 p.m. before it was complete and I could approve it. The agent is still practicing and I am sure using the same inspectors. How sad. P.S You know who you are Ann. Suzie is a licensed real estate broker and certified residential appraiser with twenty years of experience. Other professionals in the field have contributed as well. They are brokers, agents, appraisers and educators. http://www.freewebs.com/realestatenews
MORE RESOURCES: Russian Demand for U.S. Real Estate Surges 78.5% The Moscow Times What renters really want | Real Estate Newsletter Inquirer.com WA real estate firm fired woman for reporting harassment, lawsuit says The Seattle Times NYC Real-Estate Execs Throw Money Behind Adams to Counter Rise of Mamdani The Wall Street Journal Commercial real estate update: As big box brands buckle, the three A's can save the day Tallahassee Democrat Real estate investors are purchasing more U.S. homes as high prices lock out would-be buyers CBS News Livvy Dunne Tried to Buy Babe Ruth’s Former Apartment. An N.Y.C. Co-op Board Said ‘No’. The New York Times A tale of two Floridas: Real estate industry torn over DeSantis' push to eliminate property taxes Fox Business Luxury Real Estate Company Unveils ‘Flathead Lake Club’ Proposal in Lakeside at First Public Hearing Flathead Beacon Banner Real Estate Group breaks ground on The Faywell multifamily community in downtown Wheaton Chicago Agent Magazine ‘It’s all looking great’ for the M’s of M2 Property Group in Texas Real Estate News by RealEstateNews.com DDN: Judgment filed in Wright State’s real estate arm case Wright State University Homes for Sale in Manhattan and Brooklyn The New York Times Milestone Real Estate owner realizes dream with Downtown Fresno office thebusinessjournal.com ‘Ongoing stagnation’: Real estate fundraising stays muted in H1 Private Equity Real Estate | PERE Berkshire region real estate sales – July 11, 2025 The Berkshire Edge Lee & James Real Estate Photography Launches Back-to-School Special for Portland Area Realtors Akron Beacon Journal Hybrid ‘buyer agent’ blends AI with the human touch Real Estate News by RealEstateNews.com Real Estate: June 2025 Coronado Market Update Coronado Times Real Estate Minute – 07-10-2025 Texomashomepage.com Current Real Estate Roundup - July 10, 2025 Nantucket Current ARX Launches First PPE Brand Designed Specifically for Women, Redefining Safety on the Jobsite Boston Real Estate Times $400 Million Family Lawsuit Involving Prominent Fullerton Real Estate Figures Part 2 Fullerton Observer As Sovereign Debt Loses Its Luster, Economist Sees Investors Turning to Real Estate and Other Hard Assets Urban Land Magazine Saudi Arabia Enacts New Real Estate Foreign Ownership Law: A Calibrated Opening for Foreign Investors The National Law Review Is private real estate underestimating risk for US life sciences? Private Equity Real Estate | PERE Signs of Recovery: Boston Lab Market Shows Momentum in Q2: JLL Report Boston Real Estate Times Leading Index for Commercial Real Estate Increased 7% in June Calculated Risk Mom, I’m Going Into Real Estate The Jewish Link Real Estate Roundup: YKK Sells Anaheim Building for $39 Million Orange County Business Journal Department of Taxation and Finance dos.ny.gov Mayer Brown Adds Gabe Steffens as Real Estate Partner in LA Bloomberg Law News Guest view: The renaissance of necessity retail real estate IPE Real Assets As Californians Fought Corporate Landlords, YIMBY Action Partied with Big Real Estate’s Cash CityWatch LA Providence Hill Real Estate owners buy office building near Tuckahoe HQ Richmond BizSense Zillow vs. Compass: Real Estate’s Ultimate Showdown (and Why You Need a Pro in Your Corner) Alexandria Living Magazine CNBC is expanding its real estate coverage Talking Biz News Real estate CEO warns of growing ‘exodus’ as people have ‘given up’ on California — but where are they going? Yahoo Finance Real estate boss targeted in San Francisco with smear campaign The San Francisco Standard Lancaster County hits new real estate record LancasterOnline Where are home prices falling most in America? This SWFL community made top of the list Naples Daily News Report: 7 of 12 Luzerne County school districts increased real estate taxes for 2025-26 The Sunday Dispatch Dr. Shavonna Herron-Johnson: Building Legacy Through Leadership, Real Estate, and Global Empowerment Tribune India Report: Leasing lags, but Dayton bets big on defense and development The Business Journals Confusing housing stats & real estate nerds Sacramento Appraisal Blog Fetner, MCB Real Estate, Farallon Capital Buy 240 Willoughby Street for $210M Commercial Observer Apartment investor closes second funding round at $373 million The Business Journals Trump's $5 Million 'Gold Card' Visa Draws 70,000 Applicants — Foreign Investors Target American Real Estate Yahoo Finance Rob Long taps real estate, food service industries to raise $35K in Q2 for HD 90 bid Florida Politics |
![]() |
![]() |
![]() |
RELATED ARTICLES
Reinventing Real Estate, Part 2: Online and Empowered Consumers Are Taking Charge and Paying Less Demanding consumers"Internet buyers tend to be better informed on market conditions and better prepared to act on the home they want when they start working with a realtor. Luckily for realtors, these changes don't necessarily hurt, as long as they are able to adjust to the new relationship and realize that the new-style buyers value speed and efficiency over guidance when finding a home. How To Build A Million Pound Property Portfolio Looking to quickly build a million pound property portfolio? You could try a high risk and speculative technique that has been used over recent years by investors hoping to make big profits from property.The technique relies on re-mortgaging and negotiating good discounts on off-plan property to take a £50,000 deposit and turn it into a million pound property portfolio within a couple of years or less. Tidy Up The Outside, Reap The Rewards There isn't a realtor in existence who wouldn't tell you that one of the most important terms that you can learn when you're trying to sell your house, is "curb appeal."So while you're sprucing up your home, it's wise to start outside, and work your way in. Selling Houses: Design Psychology Works! I've taught the concepts of Design Psychology for many years, and I know how much it can empower a person, and allow them to create a fabulous home that sustains their emotions. Since it's based on science, I know that Design Psychology is effective at turning plain spaces into happy places. Panama is Hot - A World Class Retirement Haven Thats Ripe For Profitable Real Estate Investment If you've followed any of the major survey agencies around the world that rate places for retirement, Panama has been on top of the list in many, and for a few years running. So, if you're looking for a place outside U. Investment Property - Leveraging Rental Property Equity Owning investment property is a tremendous wealth building strategy. Thousands upon thousands of individuals have amassed great wealth by investing in rental properties. Why Canadian Real Estate is Such Good Value Real estate agents, Canadian citizens and foreign investors interested in the Canadian property market are all in agreement - as Canada becomes a more desirable place to live year on year so property investment in Canada becomes a more attractive prospect year on year.Furthermore, because property in Canada is high quality, plentiful, incredibly affordable and easy to purchase, real estate in Canada is good value across the board. Property Auction & Why You Should Run A Mile From Them That's A Funny Thing To Say About Property Auctions; They're All The "RAGE, Aren't They?"From The Desk Of Colm DillonHello Colm here .. Las Vegas Real Estate - Luxury Properties Las Vegas is known for it's over the top hotels and casinos, larger than life celebrities and jaw dropping shows.Over the past couple of years the Real Estate Market has taken center stage breaking national sales records in 2003 and 2004 with record appreciation rates as high as 52%. Various Aspects Of The Lease Purchase Business In a previous article, we wrote why we believe that Lease Purchasing is the perfect home-based business, here we want to briefly touch on some of the actual aspects of operating such a business, the pluses and minuses and why Lease Purchasing represents a win-win situation for the seller, the tenant/buyer and just as importantly, you, as the business owner. One of your goals in operating a Lease Purchase business is to contract for property that you then move to the tenant/buyer. For Sale By Owner: The Inside Scoop On Selling Your Own Home If you're thinking about selling your home perhaps the 'for sale by owner' signs posted on neighborhood lawns have intrigued you. When you browse the newspaper listings you see ad after ad boasting 'for sale by owner' as an added incentive for buyers and you envy the owners that are confident enough to try it. The Devine Secrets Of The Ya Ya Lease Purchase Hood The biggest secret of conducting a successful lease purchase business is to have a plan. I know don't grown. A Log Home Story Solving problems while maximizing valuesThis story has a few good lessons and observations that no doubt can be used by you to take advantage of hidden opportunities that often lie in plain view for all to see, however, most people have not been trained or instructed on how to recognize or find them.The following true story begins with a classic log home package, engineered, manufactured, approved and delivered for use in Alaska. Questions Investors Should Ask When Buying and Selling Investment Property If you're a real estate investor, here are several questions to consider when looking at investment properties. Providing sound answers to these questions will greatly increase your profits:Why do homeowners sell for bargain prices?There are many factors that can prevent owners from being able to maintain their homes. Notify Them When Youre Moving One of your first steps, when you're getting ready to move, is to pick up a stack of change-of-address cards from the post office. Yes, old-fashioned go-by-snail post cards! You'll want to notify everyone in your address book and also. Conventional Financing For Wholesale Deals This info is very important for both new and experienced wholesalers, AND buyers of fixer-uppers, to carefully read and understand. We learned it painfully, hopefully you won't have to :-)Often times we are asked by investors about using conventional financing for their investor deals. Not Everyone is Buying or Selling, Some are Doing Both As if one real estate transaction is not hectic enough? many of us end up needing to sell one place in order to move up to the next? this is the "real estate catch 22". Do we buy first?? Do we sell first?? If we are fortunate, these events occur at the same time, but that is not always the case. Top Tips for Buying and Selling a Home BuyersLooking for a home-Use Internet for overview of properties, communities, and schools.-Visit potential neighborhoods at different times of day. Why Real Estate? Five months ago I was faced with a decision to keep doing the same thing that I loved or go and try something different and change my life for the better. Well would you like to know what happened?Maybe next time. Appraisal or Home Inspection? People sometimes confuse a home inspection and an appraisal when they are in the process of buying a home.Most mortgage applications involve an appraisal, which can be a physical inspection of the property plus a written analysis of similar homes that have recently sold in the area. ![]() |
home | site map |
© 2006 TIGER MEDIA |