InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: How much money is it worth to have to put in.. Posted by Travis-CA on June 15, 2003 at 10:50 PM In Reply to: How much money is it worth to have to put in.. posted by Jenifer on June 14, 2003 at 12:06 AM : to fixing up a foreclosure to make saleable at FMV? For example, would a structure that is not 'safe' structurally according to bank's appraiser (his opinion)..would you run or get a structural report done to back his thoughts up or prove otherwise? : Thank you. : Donna Donna, Do you know what is causing the house to be "unsafe structurally"? that to me sounds like it could cost much more than $35k to fix. For example if it is a foundation problem with cracked slabs and footings you can be looking at 50k-100k. You need to find out exactly what the problem is and obtain some qualified estimates to repair it, then make a decission if it will be profitable and worthwhile to you. Travis Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : to fixing up a foreclosure to make saleable at FMV? For example, would a structure that is not 'safe' structurally according to bank's appraiser (his opinion)..would you run or get a structural report done to back his thoughts up or prove otherwise? : : Thank you. : : Donna : Donna, : : Do you know what is causing the house to be "unsafe structurally"? that to me sounds like it could cost much more than $35k to fix. For example if it is a foundation problem with cracked slabs and footings you can be looking at 50k-100k. You need to find out exactly what the problem is and obtain some qualified estimates to repair it, then make a decission if it will be profitable and worthwhile to you. : : Travis Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction.

Copyright © 1997-2003, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455