Category: Foreclosure Inspections

Keep These Tips in Mind Before Buying a Foreclosed Home

Following the subprime mortgage crisis of 2007, home foreclosure rates increased dramatically across the country. Some savvy investors were able to capitalize on the huge foreclosure inventory by buying homes at a fraction of their market value. But for every success story you hear about someone getting a great deal on a foreclosure, you can… Read more »

The Benefits of Buying a Foreclosed Home

Perhaps the best benefit of buying a foreclosed home is its price. Because it’s foreclosed, someone or some entity, like a bank, is trying to get rid of it. Therefore, they’re willing to sell it at a bargain price. Many people have enjoyed buying foreclosed homes that were once selling for, say, $400,000 for…$150,000. Now… Read more »

5 Common Problems in Foreclosed Homes

Buying a foreclosed home can be a very good investment if you have the time and energy to make up for all of the problems that arise from foreclosure. So, before you buy a foreclosed home, get a foreclosure inspection. Here are some common things we see as Chicago home inspectors: 1 – Mold –… Read more »

Avoid Hazardous Dryer Duct Materials!

You probably don’t think too much about your dryer duct. You set it up, it discards dryer air out of your house and there’s not much more to think about. Or is there? We encounter this sort of thing all the time during foreclosure inspections. Think about it: dryers create intense heat in small, usually… Read more »