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Updated about 5 years ago on . Most recent reply

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Mari E Desilva
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6
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HUD foreclosure inspections

Mari E Desilva
Posted

So, what does everyone think of the inspections conducted by HUD on a foreclosed property? I am in the process of buying a property. HUD's inspection said everything was OK as far as MEP but recommended a foundation inspection due to an uneven floor.

I can go all in and get the whole thing inspected but it's going to cost me about $700 or I can just get the foundation inspected which is $100. It's an older house (71 years old) so I am fully aware some of the equipment may be dated.

I just can't decide if I should invest in a complete inspection or use that money on something else. By the way, it's a buy and hold so I plan to have it for a while. I guess I am just wondering if the HUD inspection is reliable? Any advice would be greatly appreciated!

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