Electricity needed in a REO

[Account Closed]

This seems like a simple issue. I am wanting to know who is responsible to turn power on in a house that is bank owned in order to verify that all sytems are working properly prior to closing a deal. Please give me some insight on this.

Thanks.

[David Begley]

@Account Closed - use a generator that can power most if not all the house. To start with, if the property is not in your name you probably can't initiate the order anyway - and if you could, do you really want to put the electricity in your name, pay the deposit, etc? Also, since it is an REO property, you'll also likely run into the power company requiring any unpaid electric bills to be paid first. Not sure about Illinois, but in Georgia if the power has been off for more than six months, the power company requires an electrical inspection prior to turning the electricity on, which requires a permit and they also require the water to be turned on before they'll turn on the electricity.

In other words, you really don't want to take this on yourself just for due diligence - rent a generator!