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Updated about 7 years ago,
REO - Structural problem???
I'm interested in a REO property. The one I've found looks attractive for either a flip or a BRRRR.
I'm trying to estimate repair costs and am wondering if there is a structural problem. The ceilings in the front rooms have cracks in the drywall that appear to follow the seams (see attached images). I don't think this is structural as I would think that the cracks would be more random if the house settled. I walked the outside of the house looking for foundation issues and found one crack (pic also attached).
If anyone has seen similar behavior I'd be grateful for feedback on what their experience is.
Thanks in advance for your help!