Inspecting Banks

Asked and answered. The inspections are to determine whether premises are inhabited or not, who is in residence, and the condition of the property. They OWN the property really, you have a very small equity interest in it, and have a legiti... Read More »

Source: http://answers.yahoo.com/question/index?qid=20090604083611AAIAvOj

What is a bank inspection that is given at an apartment complex?

The property owner is probably re-financing the loan on the property or pledging it as security for a loan. The bank is requiring an inspection to determine the value of the property. They'll be looking for things that affect the value of t... Read More »

Source: http://answers.yahoo.com/question/index?qid=20070512170434AArVA6l

What's the most important things to a bank inspection?

email me i will help you LKD_forever@yahoo.com - LKD's handlers - Read More »

Source: http://answers.yahoo.com/question/index?qid=20080521170635AAUs9yh

How to inspect the bank own property without water and electricit...

Yamin The Arizona Contract calls for all utilities to be on during the inspection period and final walk through at the responsibility of the seller. Now when the bank submitts their addendums it may change that term so investigate by readin... Read More »

Source: http://www.trulia.com/voices/Home_Buying/How_to_inspect_the_bank_...

What are the chances of getting bank to lower price after inspect...

Offer was 124,900 ( asking) with 6% seller assistance pending inspection. Selling Bank literally jumped on it, despite claiming to have other bids. Seller's agent told us we would likely not hear back on offer for a week. We were accepted w... Read More »

Source: http://www.trulia.com/voices/Home_Buying/What_are_the_chances_of_...

what kind of repairs is a bank likely to pay for after inspection...

think the answers are correct. "None" is usually the way the banks operate on their REO's. You may be able to get a credit but per your own lender, that credit will likely have to go toward closing costs and not repairs. This is why REO's m... Read More »

Source: http://www.trulia.com/voices/Foreclosure/what_kind_of_repairs_is_...

When a property is bank owned, after we get the inspection done, ...

Banks, as sellers of REOs, do not act all the same way. Some banks offer a "free look" which means you can contract to buy, do your inspection and then bail out if the repairs indicated by the inspection are beyond what you thought. No, not... Read More »

Source: http://www.trulia.com/voices/Home_Buying/My_husband_and_I_are_rea...