Bad Basement Walls ?
- Thread starter blueice
- Start date
Help Support House Repair Talk:
One out of eight used home sales are Fred Flippers. HUDDY only allows sales to fippers,
when they receive no bids on foreclosers.
PJB12
Well-Known Member
"UPDATE: I was only to locate one single housing structural engineer,
within one hundred and twenty miles. Nine hundred bucks, with one week schedule
delay and up to two weeks to receive the inspection report."
Yikes!
"It is now one day and 15 minutes and the listing agent has not returned my
call. Maybe he is in lockup ??"
Double Yikes!
PJB12
Well-Known Member
If it clarifies my post about opportunities for homes any:
The programs to which I was referring aren't HUD. They are mostly city or county get-in-easily and then they leave you alone houses. They're excess inventory from back taxes, unclaimed property and neighborhoods that need more people.
Some of the ones with low income funding do require some specified spending.
To me, HUD is too big of a pain in the neck to even consider. So many hoops to jump through! And jump through again! (My opinion, anyway.)
Actually, when you look under the sheets, you'll find that virtually all state, county and city housing assistance programs, must 1st meet HUD regulatory guidelines.
Been there, done that, both as an initiator as well as a resurrector.
It's the funding.
I actually am personally aware of several VETS, both singular and LLC'S who have properties under the HUD program, who are, by edict, prevented from reselling prior to a fixed duration.
Paul, I have examined city and county unit properties and found the
selection few in numbers. I clearly see HUD and other feral unit housing
by the tags on windows and doors. They turn off the water and perhaps
even the heating and cooling system.
One agent told me HUDDY made her [2/3 of all agents are females or
birthing persons] and her client sign a mandatory liability release form, in
order to preview the property. She told me dat was the last time she would
show a HUDDY property. :<((
Oh, I should add, that agents and brokers commission is on the order of
2% for all parties. WTH!!
selection few in numbers. I clearly see HUD and other feral unit housing
by the tags on windows and doors. They turn off the water and perhaps
even the heating and cooling system.
One agent told me HUDDY made her [2/3 of all agents are females or
birthing persons] and her client sign a mandatory liability release form, in
order to preview the property. She told me dat was the last time she would
show a HUDDY property. :<((
Oh, I should add, that agents and brokers commission is on the order of
2% for all parties. WTH!!
PJB12
Well-Known Member
From reading what you & Snooynb wrote, it seems HUD is the predominant source for low priced housing where you guys are located.
In Detroit & surroundings, it is very much the opposite.
There are far, far more homes listed by county tax offices, Land Bank and similar programs than by HUD. HUD is a rarity here.
The Detroit area has a very large surplus of homes. There are blocks where one home out of more than 20 is occupied. Others have none ocupied. Those homes end up selling very cheaply- privately or through a program.
PJB12
Well-Known Member
Bleive me, I know the programs of which I wrote thoroughly and completely. No HUD & no HUD guidelines are involved. (Yes, there are HUD properties available, but they are not of what I wrote earlier. And they are not popular here.)
I wasn't speaking of assistance programs in my post. The programs are government entities sell property. Basically, they don't care if you get your money from an assistance program or not.
No Strings Are Attached with no assistance money. You buy-You own.
Picture it like this:
The city owns a house Equals You own a house (Or city sells it on behalf of someone- as an agent would.)
The city sells the house "By Owner" Equals You sell your house "By Owner".
The city is doing exactly what you would do By Owner. No HUD, no nothing government except the owner or agent.
People by them with cash- money or from a mortgage. Just like in real life
If the people want assistance, that is an entirely separate transaction. Just like in real life.
I only mentioned these possibilities so that Blueice can find out if the cities, townships or counties near his/her location are selling inexpensive houses. I did not intend to start any HUD, VA or other dispute, nor did I want to give the impression that I was suggesting HUD purchases. (Which are suitable and a very good fit for some people.)
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Jeff Handy
Well-Known Member
There are also at least two plywood patches on one of the joists.
Likely to hide huge holes drilled or hacked for plumbing or whatever.
Jeff Handy
Well-Known Member
Where the heck is Maoisota?
The wall looks very familiar. We had a similar situation with a flip home we had about 10 years ago. Hydrostatic pressure from the outside created the issue. We had a local waterproofing company come in and stabilize it. The used steel posts (they seem to be already in place) put an interior drain channel to a sump pump and put FRP around the inside of the walls (behind the steel posts) to drain any moisture into the sump.
Take a look at the land around the house. How does the water drain? Is there a low spot near the foundation? Are there downspouts on the house now? Does water drain away from the house? Water around a foundation is a pain and can be a challenge to fix, depending on how the land around the property drains, especially in your location, where it can freeze and create damage. Good luck.
Take a look at the land around the house. How does the water drain? Is there a low spot near the foundation? Are there downspouts on the house now? Does water drain away from the house? Water around a foundation is a pain and can be a challenge to fix, depending on how the land around the property drains, especially in your location, where it can freeze and create damage. Good luck.
For sure in our great big country regional influences play a major role in the thought process in buying any property and might even have its finger on the scale even greater with any distressed property.
The difference between rural PA and just about anyplace in CA is like night and day. My old home I had a two acre lot and a century old farm house I did my first “restoration” of. I had family come for a visit from CA and as I was quite pleased with the work I did on the home they were flabbergasted by the huge amount of land we owned. The one told me this place in CA would sell for several million dollars, we paid 47k. I asked him but what about the house and he said in CA they would pay the millions for the land and level the old house and build a million dollar modern house.
I think the OPs area is closer to where I live than just about any of the major cities around the country these days. Actually likely closer to suburban life of the 1960s. When I moved just the 35 miles outside the city influenced area about 10 years ago to restore this house the first thing I noticed is it was almost like going back in time 50 years. The first thing I noticed was the school bus dropped the kids off and ten minutes later the kids were outside playing and riding bikes and such. I had a big tree taken down and had one chunk of wood so large the two of us couldn’t move it on the trailer and we were struggling with it and the town police stopped when driving by jumped out and soiled their uniforms with pine sap lending a hand moving it. I remarked to them I will never again say where is a cop when you need one. That would have never happened in the city.
The house I mentioned that was a reverse mortgage thru HUD and has sat empty for 3 years rather than being returned to the neighborhood with a new owner just doesn’t fit the mold of this town. We once had a good size college here that went under and the new owner is the state of PA and it is now a woman’s correctional facility. It is on the outskirts of town and for the most part goes unnoticed except it is now a major employer and the majority of the folks working there are ex-military. They mostly live outside of town because there is not available used homes in town. I think if HUD put a priority on selling to vets this house would sell in a week.
It is really hard to give advice from one area of the country to someone in another. I have a neighbor that moved here from FLA and when I met him I said so you bought the house down the road and he said no I stole the house down the road and told me what he paid for it. It was about double what I thought it was worth but coming from a high priced area he thought the price was great.
My dad used to tell me as a kid something is only worth what someone is willing to pay, not what the person selling it thinks it should be worth.
The difference between rural PA and just about anyplace in CA is like night and day. My old home I had a two acre lot and a century old farm house I did my first “restoration” of. I had family come for a visit from CA and as I was quite pleased with the work I did on the home they were flabbergasted by the huge amount of land we owned. The one told me this place in CA would sell for several million dollars, we paid 47k. I asked him but what about the house and he said in CA they would pay the millions for the land and level the old house and build a million dollar modern house.
I think the OPs area is closer to where I live than just about any of the major cities around the country these days. Actually likely closer to suburban life of the 1960s. When I moved just the 35 miles outside the city influenced area about 10 years ago to restore this house the first thing I noticed is it was almost like going back in time 50 years. The first thing I noticed was the school bus dropped the kids off and ten minutes later the kids were outside playing and riding bikes and such. I had a big tree taken down and had one chunk of wood so large the two of us couldn’t move it on the trailer and we were struggling with it and the town police stopped when driving by jumped out and soiled their uniforms with pine sap lending a hand moving it. I remarked to them I will never again say where is a cop when you need one. That would have never happened in the city.
The house I mentioned that was a reverse mortgage thru HUD and has sat empty for 3 years rather than being returned to the neighborhood with a new owner just doesn’t fit the mold of this town. We once had a good size college here that went under and the new owner is the state of PA and it is now a woman’s correctional facility. It is on the outskirts of town and for the most part goes unnoticed except it is now a major employer and the majority of the folks working there are ex-military. They mostly live outside of town because there is not available used homes in town. I think if HUD put a priority on selling to vets this house would sell in a week.
It is really hard to give advice from one area of the country to someone in another. I have a neighbor that moved here from FLA and when I met him I said so you bought the house down the road and he said no I stole the house down the road and told me what he paid for it. It was about double what I thought it was worth but coming from a high priced area he thought the price was great.
My dad used to tell me as a kid something is only worth what someone is willing to pay, not what the person selling it thinks it should be worth.
The North Star state or Minnesownda. In the past decade, the
state's spending increase by 80%. :<((
Of the HUD properties, they are required to meet HQS standards where housing offered by state and city block properties programs, likely, do not.
