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BANK OWNED PROPERTY is no longer the property of the owner. This type of property has already gone to auction, and after an unsuccessful sale, the home has been repossessed by the bank and put up for sale. Many bank owned properties are in disrepair due to extended periods of vacancy. The majority of these houses aren’t in move-in condition. In addition, disclosure statements, including information about lead-based paint, radon, mold or any other problem areas, isn’t provided. An inspection on this type of property can be performed by looking at the forensics of the structure and providing to the buyer the necessary information needed before the end of the due diligence time period. Due to these property conditions, it is highly recommend that certain environmental tests, especially radon gas testing and mold sampling be performed to make certain that the structure will be a healthy environment for your family to live in. Need this type of inspection call us at 770-461-3408. |




