Foreclosure Home Remodeling
Posted on March 17, 2009
Filed Under free foreclosure listings |
There are many foreclosure home remodeling projects being undertaken everyday by professional contractors. These repair teams specialize in turning a foreclosed home into a resalable real estate commodity within 45 days of repossession or closing. Many foreclosure home remodeling projects are cosmetic and can be finished well before the 45 day deadline.
Other foreclosure home remodeling areas are more difficult to finish and will take almost all of the allocated time to complete. The foreclosed home may have been neglected for a long period of time, and rodents may have entered the home and chewed holes through walls, woodwork and attic spaces. The items that will need to be replaced, and the repairs that must be accomplished, must be determined before foreclosure home remodeling efforts can even begin.
Professional contractors have a good idea of what damage has been done by viewing each area of the home. They realize the materials that are behind the walls, and how many rolls of insulation are in each wall space. A foreclosure home remodeling project might include repairs to the ceiling areas due to water leaks. If the roof is leaking, then shingles will need to be added to the list of supplies that will be needed to complete the foreclosed home remodeling project on time.
Buckled flooring will definitely require further investigation because this is an indication of structural damage that extends to the support system under the home. The cement slab may be cracked by broken pipes, or the land might have shifted underneath the home from recent storms and a poor drainage system. This type of foreclosure home remodeling problem might delay the home from being listed on the market at all.
Home building contractors do not worry very much about peeling paint and dirt and grime. These are easy fixes for me, and this fix will allow a foreclosure home remodeling project to proceed as planned. Walls can be resurfaced if they are rough and unsightly and the white wall finish will make these walls look brand new after a few coats of paint. A foreclosure home remodeling project can require plumbing skills too. If the piping system in the home is broken, then there is going to be accumulated water somewhere under the home. Broken pipes have to be repaired before a home is placed on the market for sale.
Some of the foreclosure home remodeling projects - are very simple, and some are quite costly. In some cases, the cost of repairs will liquidate, the cash that the owners hope to make on the property, and cost of them more to repair than they will ever be able to recoup. In these cases, it is better to stop the foreclosure home remodeling project and tear the building down and start fresh.
The materials that are used to build the new home might not have as many outstanding features as it would normally have, such as Jacuzzi bath and marbled countertops in the kitchen, but the investors have to cut costs at every turn to recoup the monies they have lost. The new home is like to sell quickly if an attractive price is listed, and it will definitely sell because people love buying brand new homes. The new owners can start their own remodeling projects when they settle in to their new home.
Jena Luthovski
http://www.articlesbase.com/internet-articles/foreclosure-home-remodeling-128901.html
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8 Responses to “Foreclosure Home Remodeling”
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Who would have serial numbers on a mobile home?
Have been looking for the serial numbers for a manufactured home that I am buying. The inside one was removed and so was outside one when the home was remodelled. Without going underneath the house can I find out what those numbers are?
I have called Division of motor vehicles, the manufacuturer, the register of deeds, the banks where the home was financed by previous owners, etc. We do not have a title because it is being sold as real property, cannot find the previous owners information and he is uncooperative due to foreclosure.
thanks for help.
If the hitch is still attached it may be on there. Call the tax office and see if they can help.
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Geez, this is tough. Sometimes there is one on the electric service, somewhere along the front frame of the structure, occasionally you will find it stamped on a kitchen cabinet.
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Oregon Realtor
It is possible that it would be on the hitch if this hasn't been detached. Try also looking in your electric panel box sometimes it is printed inside there. You may have to have someone look underneath to see if it is imprinted anywhere
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Is it a mobile home or manufactured home? These are two different types of property that you are asking a question about.
Mobile homes can not be sold as real property because they are not attached to a foundation. Manufactured homes can because they are attached to a foundation.
If the numbers were removed I would certainly take that as a red flag and not buy it. Something is fishy here. By law, those numbers must be registered so you are looking possibily into buying stolen property.
Mobile homes must be licensed and registered with the DMV or BMV (depends on where you live). Manufactured homes have plates that are stamped and also frames are stamped with the serial number.
Because the previous owner is in foreclosure, you should be able to contact the courts or the attorney who is handling the foreclosure for the serial number information and any other information you may need.
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It should be on the hitch and inside the unit,usually in the closet or near the electrical panel box. The county where it was moved may have it, and the lender should definitely have it or they could not have made a loan against it. Keep trying.
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Have you tried the local title company? You should be able to give the customer service dept your address/ tax lot number - they should be able to pull up the tax information (especially if its in a foreclosure situation) and sometimes they have the serial or "x" numbers listed.
Since it is being sold as real property then the mobile home has to have been "detitled" and then it will be taxed as a regular "stick-built" home.
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Unless they have features or I guess decorated a certain way they all pretty much look the same to me !! I have went to the wRoNg ones a few times long ago !! My grand-father had one !! & when he would park amongst others that look very close to his.. well I've had pancakes in a few wrong mobile~homes a few times !! All I guess I learned from that is how to run away from homes lol from being kicked out of a few!! thinking it was my grand~dad's lol[btw] the serial numbers would further help determine who's is who's ?lol?`'R"r,r'r`r`.a`.wWw''r"R"r,.-
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