From: Nonnymus on
We're considering a bank-owned home, since there's been no action on the
Short Sale one we wanted, and I'm getting irked. What most lenders do is
offer the home "as is, where is," meaning that they are not themselves
warranting anything. Period. However, this does not preclude either the
buyer or seller from offering a typical home warranty, as I understand it.

FWIW, I mentioned before that you can visit the records department of
Henderson and obtain not only the inspection reports on a newer home, you
can also get the drawings and specifications. I did this, of course, on the
foreclosed home we were looking at. What jumped out at me was that the
home's furnaces and air handlers were supposedly located in the garage,
beside the water heater and conditioner. I'd photographed the rooms and
immediately went to the photos to verify my recollection: nothing in the
alcove the plans showed for the HVAC units. Hmmmmm I recalled that the
home had been cool when I walked it, so I guessed that the HVAC had been
relocated to the attic. There was no change order on the plans, but
apparently the contactor and owner made the move without Henderson notice or
approval.

Another home we considered had a terrific pool and water slide, together
with a pool house. The first floor of the pool house was an outdoor party
room/bar, while the second floor was locked, shuttered and dark. There was
a small basement below the pool house, which had been made into a very neat
wine cellar. The agent showed me a hidden door behind a swiveling wine
rack, leading to a small vestibule. There was another door- a very heavy
steel door- and behind it was a shooting gallery about 6' wide, 8' tall and
80' long, complete with target retrieval device, gun rests, lights, sandbags
and shelves for ammo. Since neither the wine cellar or shooting gallery had
more than one way out, I was curious. Those plans showed the entire thing
to be a connected wine cellar and wine vault. The shuttered, darkened and
locked upstairs was supposedly an extra bedroom/office with bath. However,
I learned the owner had supposedly converted it to a mother in law
apartment, complete with kitchen. Since the presence of a separate kitchen
usually implies a second house, both the city and neighborhood association
were kept in the dark about the modifications.

This kind of "wink, wink, nudge, nudge" stuff can be minor if you're willing
to live with the remote possibility that the City or Neighborhood can make
you remove these things or bring them to some code. That's the kind of
thing lenders exclude when they say, "As is, where is," in the listing.

Nonny



"Joe J" <joejak(a)prodigy.net> wrote in message
news:i2c49h$ir8$1(a)news.eternal-september.org...
>
> "jerry the jerk" <adb8454(a)webnntp.invalid> wrote in message
> news:qtmmh7x7o2.ln2(a)recgroups.com...
>> On Jul 22 2010 12:58 PM, jerry the jerk wrote:
>>
>> Everything looks to be in good shape and the bank is giving a 2 year
>> warranty on the house.
>> Closing during the first 10 days of September right before my apartment
>> lease is up.
>
>>
>> ---
>> RecGroups : the community-oriented newsreader : www.recgroups.com
>>
>>
>
> Strange...every repo we looked at, including the one we eventually
> purchased, were sold "as-is" with no warranty of any kind from the bank.

From: jerry the jerk on
On Jul 23 2010 12:00 PM, Nonnymus wrote:

> We're considering a bank-owned home, since there's been no action on the
> Short Sale one we wanted, and I'm getting irked. What most lenders do is
> offer the home "as is, where is," meaning that they are not themselves
> warranting anything. Period. However, this does not preclude either the
> buyer or seller from offering a typical home warranty, as I understand it.
>
> FWIW, I mentioned before that you can visit the records department of
> Henderson and obtain not only the inspection reports on a newer home, you
> can also get the drawings and specifications. I did this, of course, on the
> foreclosed home we were looking at. What jumped out at me was that the
> home's furnaces and air handlers were supposedly located in the garage,
> beside the water heater and conditioner. I'd photographed the rooms and
> immediately went to the photos to verify my recollection: nothing in the
> alcove the plans showed for the HVAC units. Hmmmmm I recalled that the
> home had been cool when I walked it, so I guessed that the HVAC had been
> relocated to the attic. There was no change order on the plans, but
> apparently the contactor and owner made the move without Henderson notice or
> approval.
>
> Another home we considered had a terrific pool and water slide, together
> with a pool house. The first floor of the pool house was an outdoor party
> room/bar, while the second floor was locked, shuttered and dark. There was
> a small basement below the pool house, which had been made into a very neat
> wine cellar. The agent showed me a hidden door behind a swiveling wine
> rack, leading to a small vestibule. There was another door- a very heavy
> steel door- and behind it was a shooting gallery about 6' wide, 8' tall and
> 80' long, complete with target retrieval device, gun rests, lights, sandbags
> and shelves for ammo. Since neither the wine cellar or shooting gallery had
> more than one way out, I was curious. Those plans showed the entire thing
> to be a connected wine cellar and wine vault. The shuttered, darkened and
> locked upstairs was supposedly an extra bedroom/office with bath. However,
> I learned the owner had supposedly converted it to a mother in law
> apartment, complete with kitchen. Since the presence of a separate kitchen
> usually implies a second house, both the city and neighborhood association
> were kept in the dark about the modifications.
>
> This kind of "wink, wink, nudge, nudge" stuff can be minor if you're willing
> to live with the remote possibility that the City or Neighborhood can make
> you remove these things or bring them to some code. That's the kind of
> thing lenders exclude when they say, "As is, where is," in the listing.
>
> Nonny
>
>
>
> "Joe J" <joejak(a)prodigy.net> wrote in message
> news:i2c49h$ir8$1(a)news.eternal-september.org...
> >
> > "jerry the jerk" <adb8454(a)webnntp.invalid> wrote in message
> > news:qtmmh7x7o2.ln2(a)recgroups.com...
> >> On Jul 22 2010 12:58 PM, jerry the jerk wrote:
> >>
> >> Everything looks to be in good shape and the bank is giving a 2 year
> >> warranty on the house.
> >> Closing during the first 10 days of September right before my apartment
> >> lease is up.
> >
> >>
> Strange...every repo we looked at, including the one we eventually
> > purchased, were sold "as-is" with no warranty of any kind from the bank.

thanks for the info. The house I am buying is a "as is...where is" house,
but at 1450 SF I saw the whole house except for the attic.
Next week will be the home inspection and at that time, I dig a little
deeper, but so far have found nothing that would spark any concerns.
The house was built in 1986 and was owned by a woman, so hopefully she did
not have a husband who was into wild, experimental projects or a jack of
all trades and master of none.

_______________________________________________________________________�
: the next generation of web-newsreaders : http://www.recgroups.com

From: Ace* on
On Jul 23, 1:37 pm, "jerry the jerk" <adb8...(a)webnntp.invalid> wrote:

> The house was built in 1986 and was owned by a woman,

She occupied it with 7 dwarfs.

A*
From: jerry the jerk on
On Jul 23 2010 3:52 PM, Ace* wrote:

> On Jul 23, 1:37�pm, "jerry the jerk" <adb8...(a)webnntp.invalid> wrote:
>
> > The house was built in 1986 and was owned by a woman,
>
> She occupied it with 7 dwarfs.
>
> A*

How did you know?
The house is also made out of gingerbread but I was keeping that a secret.

________________________________________________________________________�
: the next generation of web-newsreaders : http://www.recgroups.com

From: Ace* on
On Jul 23, 4:58 pm, "jerry the jerk" <adb8...(a)webnntp.invalid> wrote:
> On Jul 23 2010 3:52 PM, Ace* wrote:
>
> > On Jul 23, 1:37 pm, "jerry the jerk" <adb8...(a)webnntp.invalid> wrote:
>
> > > The house was built in 1986 and was owned by a woman,
>
> > She occupied it with 7 dwarfs.
>
> > A*
>
> How did you know?
> The house is also made out of gingerbread but I was keeping that a secret..

It's also located in California.

A*
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