I am trying to close on a home that has foundation issues. You can tell the home was repair but now there is issues again. The home was bought at an auction. I called the foundation company and they stated it was a life time warranty on the home but the owner has to transfer the warranty. Is there a process to get the warranty transferred since the home was auctioned off? The old owner abandoned the home.
Usually if the home is foreclosed on and goes through auction everything restarts. No more liens on the property but also no more warranties. Sorry!
Thank you. I thought in the state of Texas a Warranty Transfer form can be done within 30 days of purchase
Joe, you as owner should be able to transfer utilizatizing the foundation. Companies form and some fee. I did this myself for a home we purchased in Plano and I just needed the address of property to give to the foundation repair company. It has to be transferred by current owner not previous owner.
BTW. I did not purchase my home from auction but through normal realtor channels. I just would not tell them how home was purchased.
Thanks Tom, The realtor who sold the home before it was auctioned off lives on my street so I will ask her about the form.
If the Foundation Company insists that the previous owner has to transfer, attempt to contact the previous owner and offer them $100 for their time. I have done this many times to obtain items such as warranties and surveys