Foreclosed Properties in Stockton- Delta areas

Buying Foreclosed Properties in Stockton –Delta area
Dream Come True or Recurring Nightmare?

The California Real Estate Inspection Association (CREIA) strongly advises the public to exercise caution when buying a foreclosed property. Banks have no knowledge of its condition and it is sold “as is”. There are few if any disclosures regarding the condition of the property and the Latin phrase caveat emptor (let the buyer beware) cannot be over emphasized.California law requires a home owner to disclose "accurate information of material fact" that affects the desirability or value of the property before the close of escrow. Lenders of foreclosed properties are exempt from this law. Foreclosed properties deserve diligence above and beyond those for which there is full disclosure.Lenders are in the business of loaning money, not holding real estate. Foreclosed properties are usually priced below market value. Bargains abound, but care needs to be exercised. A few thousand dollars saved in the purchase price can quickly evaporate with conditions discovered after escrow has closed. Even if a condition becomes known before the close of escrow, you may not be able to back out of the transaction without losing your deposit.Be sure you know exactly what you are buying before your offer becomes irrevocable. Do not enter into a transaction unless there is a reasonable period of time for which to do your due diligence. If the lender will not allow a reasonable contingency period for you to have the property professionally inspected, have it inspected before you enter into the transaction.Losing one’s home through foreclosure is traumatic and can bring about ugly behavior. Most foreclosed properties are in a state of disrepair greater than on average. CREIA members have reported that some foreclosed properties appear to have been sabotaged. Perhaps the owner feels victimized and takes revenge in a passive aggressive way.Protect your investment. California does not license home inspectors and no knowledge or experience is needed. Hire the most experienced, best educated home inspector you can. Look closely at the inspector’s experience, education, reputation and service. You are paying for knowledge and thoroughness, so be sure that is what you are getting. Now is not the time to shop for the cheapest inspector. Invest some of the money you will be saving on the purchase price to assure that you are getting your dream home, not a never ending nightmare.Contact your local CREIA Certified InspectorCertified

CREIA Home Inspectors in the Stockton – Delta Area

Richard Allen Bonander, CCI

Eagle One Home Inspections
Phone: 209/620-6648
RABonander@eagleonehi.org


Kirk A. Randall, MCI

ProTECH Inspection Service
Phone: 800/204-7034 Fax: 209/208-1606
inspectorkirk@sonic.net

Dennis Meredith, CCI

Independent Home Inspection Services
Phone: 209/712-0839
Fax: 209/367-4154
dennis@indhomeinspection.com

Mark Bateman, CCI, CNCS

MDL Home Inspections
Phone: 209/736-2711
Fax: 209/736-2711
fallenlf@wildblue.net


Dennis D Hoffman, MCI

Hoffman Home Inspections
Phone: 800/960-0556
Fax: 209/369-0556
dennishoffman@comcast.net
www.hoffmaninspections.com


James Byrd, CCI

A Plus Home Inspections
Phone: 209/324-8963
Fax: byrdjames@sbcglobal.net


Sam Deabenderfer, CCI

Applied Inspection Services LLC
Phone: 209/896-7525
Fax: 209/863-1954
a-inspection@hotmail.com


Mark Harman, CCI

"The Inspector" Home Inspection Services
Phone: 209/324-3180
Fax: 209/883-0163
mark@theinspector-home.com


Gregory Henry, CCI

Henry Home Inspections
Phone: 209/823-3202
Fax: 209/823-3202
ghenry886@comcast.net


Matthew Irion, CCI

M K I Home Inspections
Phone: 209/545-1545
Fax: 209/545-1545
mirion209@msn.com
www.mkihomeinspections.com

Peter Nusser, CCI

A 2 Z Inspections Inc.
Phone: 209/321-7235
Fax: 209/830-1992
peter@a2zinspections.com
www.a2zinspections.com


Michael Dugan, MCI, CNCS

Focus Inspection Services
Phone: 800/450-6302
Fax: 209/832-4412
michael@focusinspectionservices.com
www.focusinspectionservices.com


David Smith, CCI

Professional Property Inspections
Phone: 209/586-0123
Fax: 209/586-4554
ppiinspections@wildblue.net