# New Foreclosure Solution for Banks ... **URL:** \ **Category:** General Inspection Discussion\ **Created:** [August 2, 2011, 12:08am UTC](https://forum.nachi.org/t/new-foreclosure-solution-for-banks/61432 "2011-08-02T00:08:04Z")\ **Posts on this page:** 6\ **Page:** 1
**Author:** ![jbushart](https://avatars.discourse-cdn.com/v4/letter/j/919ad9/32.png) [@jbushart](https://forum.nachi.org/u/jbushart)\ **Post date:** [August 2, 2011, 12:08am UTC](https://forum.nachi.org/t/new-foreclosure-solution-for-banks/61432/1 "2011-08-02T00:08:04Z")
Why pay to maintain them while waiting for them to sell as the values continue to decline? [Simply throw the family out and tear the building down.](http://www.grist.org/cities/2011-08-01-bank-of-america-is-now-paying-to-tear-down-foreclosed-homes) Fewer homes in the area will increase the value of those homes that remain. It’s funny how the house was worth hundreds of thousands when they were selling it to someone else. Now that it belongs to them, it is more cost effective to tear it down. LOL. ---
**Author:** ![jhagarty](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/jhagarty/32/78584_2.png) [@jhagarty](https://forum.nachi.org/u/jhagarty)\ **Post date:** [August 2, 2011, 2:02am UTC](https://forum.nachi.org/t/new-foreclosure-solution-for-banks/61432/2 "2011-08-02T02:02:29Z")
There is a new tactic… A recent Foreclosure Inspection brought this to light for me… An Estate… Homeowner passes on… Family (inheriting) Refinances Home for $450,000 to make repairs for sale… then never makes a payment… Bank forecloses Sells home for $205,000 The $450,000… stays with those that collected and divided pretty slick… ---
**Author:** ![bking](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/bking/32/624_2.png) [@bking](https://forum.nachi.org/u/bking)\ **Post date:** [August 2, 2011, 3:41am UTC](https://forum.nachi.org/t/new-foreclosure-solution-for-banks/61432/3 "2011-08-02T03:41:38Z")
Maybe some cities are putting pressure on these banks to maintain the properties or pay fines. Make sure you guy’s include in the report the presence of fresh paint in these dumps since the banks are now paying people to go in and cover up defects such as ceiling water stains and mold. Once the bank does this they could be held liable for non-disclosure by a savvy attorney hired by a buyer that knows how to read an inspection report. ---
**Author:** ![evandeven](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/evandeven/32/373798_2.png) [@evandeven](https://forum.nachi.org/u/evandeven)\ **Post date:** [August 2, 2011, 7:38am UTC](https://forum.nachi.org/t/new-foreclosure-solution-for-banks/61432/4 "2011-08-02T07:38:36Z")
> [@bking](#): > > Maybe some cities are putting pressure on these banks to maintain the properties or pay fines. > > Make sure you guy’s include in the report the presence of fresh paint in these dumps since the banks are now paying people to go in and cover up defects such as ceiling water stains and mold. Once the bank does this they could be held liable for non-disclosure by a savvy attorney hired by a buyer that knows how to read an inspection report. Or this: ![Rao2 094 (Large).jpg](https://global.discourse-cdn.com/internachi/original/3X/8/8/8884a883d205aaa3f7c0f63fa36268bc69fe3b72.jpeg) ![Rao2 102 (Large).jpg](https://global.discourse-cdn.com/internachi/original/3X/7/a/7a73082b8a5887d960880588b9899a174ead007a.jpeg) ![Rao2 084 (Medium).jpg](https://global.discourse-cdn.com/internachi/original/3X/7/9/796db3438593d40657d9876568cdf3238764ef74.jpeg) ---
**Author:** ![gfarnsworth](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/gfarnsworth/32/179646_2.png) [@gfarnsworth](https://forum.nachi.org/u/gfarnsworth)\ **Post date:** [August 2, 2011, 1:11pm UTC](https://forum.nachi.org/t/new-foreclosure-solution-for-banks/61432/5 "2011-08-02T13:11:04Z")
We should double our fees on foreclosures and vacant properties. ---
**Author:** ![jferry1](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/jferry1/32/57038_2.png) [@jferry1](https://forum.nachi.org/u/jferry1)\ **Post date:** [August 2, 2011, 10:57pm UTC](https://forum.nachi.org/t/new-foreclosure-solution-for-banks/61432/6 "2011-08-02T22:57:42Z")
No insurance cost, no maintenance cost, no vandalism issue. It all makes sense in the bizarro world of Obamanomics.