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Updated almost 8 years ago on . Most recent reply

User Stats

7
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1
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Hutoxi Maneckshaw
  • Real Estate Agent
  • Hillsborough, NJ
1
Votes |
7
Posts

REO property been vacant for 8 yrs, no inspections allowed

Hutoxi Maneckshaw
  • Real Estate Agent
  • Hillsborough, NJ
Posted

We are thinking about buying an REO property through Hubzu which has been vacant since 8 years. It is a townhouse which was built in 1993. The bank told us that no inspections are allowed and we cannot go inside the property to view it. It is sold as-is. We looked at it from the outside, but couldn't tell much, there are tall weeds in the small back patio, and it has been winterized. There is a car on the driveway whose tires are practically stuck on the driveway, a neighbor told us it hasn't been moved in 8 years since the owner died. He also mentioned that the HOA changed the roof 6 yrs ago. What problems can we expect to encounter ? plumbing, electrical, mold, insects, appliances ? What would you advise ?

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