Damage & Environmental Issues With Foreclosed Vacant Properties

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Information about Damage & Environmental Issues With Foreclosed Vacant Properties

Published on March 12, 2009

Author: aarwc

Source: slideshare.net

Damage & Environmental Issues with Foreclosed/Vacant Properties Presented by David Gilpatrick, CRMI, AHERA RESIDENTIAL ENVIRONMENTAL SERVICES OF AMERICA™ 644 E. Southern Ave. #100B * Mesa, Arizona 85204 * Phone 602-230-9500 * Fax 480-834-4646 ROC #239038

Residential Environmental Services of America Inc. Damage & Environmental Issues with Foreclosed/Vacant Properties Litigation launches topic… Knowing begets risk reduction… How your BFF becomes your Plaintiff- when good intention go bad ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ Video Demonstration of disclosure- Fun and entertaining tells story of what’s out there- FORECLOSURES VACANT HOME LIABILITY DANGER ________________________________________________________________________ ________________________________________________________________________ Could Realtors® really be held LIABLE for reasonably obvious defects? Standard of Care ADRE: R4-28-1101-I What does it mean to “Protect and Promote the Clients best interest” ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ What are Reasonably obvious defects? Using your eyes to sharpen your “Gut” What to look for Where to look for it What to do once you see it ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ What are NOT Reasonably obvious defects? What you can’t see What you Home Inspector sees Hidden problems represent hidden risk 644 E. Southern Ave. #100B * Mesa, Arizona 85204 * Phone 602-230-9500 * Fax 480-834-4646 ROC #239038

Residential Environmental Services of America Inc. A good home inspector is good, A GREAT home inspector is invaluable ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ What happens to a vacant home over time Ever wonder why smoke detectors chirp and carpet gets dark around the edges in vacant homes? Vacant homes are not lived in, but they are ALIVE! Most building materials are not designed for extreme temperatures Plumbing, Electrical, Roofing, Fixtures, HVAC are all affected ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ Surviving Environmental issues with Foreclosures and Vacant Homes Brief introduction to the most common Environmental issues: Mold Third-Party Disclosure: Filling out the Environmental Section of the SPDS ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ How to best protect yourself from the liability of Foreclosed/Vacant Homes? Pre-inspections- Now more than ever they are ABSOLUTELY NECESSARY The very BEST agents have the very BEST team! Knowing the law regarding General Contracting: When do real estate agents cross the line and BREAK THE LAW! What is your liability when you coordinate repairs for Banks? Bring on the General Contractor, Be aware! ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ 644 E. Southern Ave. #100B * Mesa, Arizona 85204 * Phone 602-230-9500 * Fax 480-834-4646 ROC #239038

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