All Forum Posts by: Account Closed

@Kole Kingslien I know your description was somewhat generic, but the "good layout with sunroom" makes me wonder if I toured the property... Is the seller an older gentleman who was in the foundation/chimney/brick business? 

@Austin Chambers thank you for the detail. Very helpful. It’s a 4/1 sfr so not a small place. There seems to be a lot of shoddy work around the place so it seems that once you pull the thread, a lot more will unravel. 

Thanks Matthew, that's helpful! That's the worst problem, but there are a few more. Probably not worth it, but will see what the owner says...

Hey all - I'm evaluating a property just south of Madison, WI, and there are obvious problems with the foundation. However, I don't know the solutions, and more importantly the cost. When I toured, a few things I noticed: 

• Blocks, which presumably were used to support the exterior walls, are fallen to the ground.
• Jack posts had sunk into the dirt floor in spots, and were not supporting floor joists. 
• Questionable exterior wall condition

Photos are attached - what would you do if you saw this property? Before I do anything, I plan to get an expert's opinion, but looking for initial feedback & ballpark. Are we talking $5k, 30k, or "wouldn't touch." 

Thanks!

Welcome to BP! Sounds like you’ve jumped in, and congrats on the big first step. 

@Kristopher Drake I haven't had to work with him yet since my deal fell through, but Tripp Stroud out of Madison came as a recommendation to me. 

Welcome, Glen! Sounds like you have a great background and experience, but I love the enthusiasm to keep growing and learning. Hoping that you can find what you're looking for with the online and local community. 

@Daniel Jameson I ended up getting connected with a angent and attorney combo. The agent to list and the attorney to negotiate with the bank. I'm not an expert, but I'm told that there is an option to just have an attorney go to the bank without listing, but if you have to list, it also helps to have the agent on your side. Can do things like take poor pictures for the listing, etc. 

Getting back to your question... I don't have the expertise to say one way or the other, but I'm sure it depends on the bank, and the individual on the other end of the deal. 

@Christopher Patterson I had not noticed the search by owner on Access Dane, Thanks! Still wondering about Rock Co instead of Dane Co.

@Shawn Ackerman I was looking for a resource like that to search by name and come up with a list of properties... where do you find that in Wisconsin?