Recently I was retained to inspect a Pressure Treated Wood Foundation house.
While there with the client and agent, the agent asked the client if he was sure he could get isurance, and to check to see if his insurer would insure the house. The answer came back, no they would not insure the house as it is pressure treated wood. It also turns out from further dicussions that future buyers of wood foundation houses will not be issued insurance either. No insurance no mortgage.
There goes the value of anyone with a home that is wood foundation. They may want to consider having new foundation installed.
Has anyone else run into this?
There are several homes in my area that I have inspected over the years, not many people know much about them or how long they will last.