TOPIC: Foreclosure Renovation

Another image.

Yikes!!

Here is what happens when you have earth to wood contact.

We replaced the rim joist and the window framing due to the rot from the earth to wood contact. I just didn't take any pictures of the window frame completed.

Why didn't they just bulldoze the whole thing and sell the lot?  It would probably be cheaper.  :

Because they are making money or recovering some of their losses. Rememebr that 99% of the mortgages in this country are insured throguh the US Govt. That means that they get about 70% of what was owed from the Govt.

My other thought is that I dont care why they didn't. They are paying me to fix it up and that is what I am doing.

We have removed all the old beams and joists and replaced them, new sub floor, mold remediation, new roof, new electrical in the basement and where needed, new electrical panel, AFCI in bedrooms, New PVC DWV that replaced the old cracked cast.

We will have all new windows and doors, new interior doors, new wood floor through out, new insulation and drywall. And a bunch of other stuff.