Buying A Bank Owned Property? What To Do About Water Marks On The Walls


If you are looking at properties that are listed on the market through bankruptcy or foreclosure and you see water lines on the basement walls, this means there was flooding. There are a few questions you want to ask before you purchase the home, and you need the advice of professionals.

You want to know if the flooding or water in the basement was induced because of the bankruptcy or foreclosure, or because of other problems throughout the home. You also want to have the problem addressed by the professionals to make sure the home is safe. Find out the following things.

Was the Power Shut Off or Is the Sump Pump Faulty?

If the homeowner couldn't pay their electricity bill and the power was shut off, the foreclosed or bankruptcy listed home may have flooded because the sump pump wasn't on. If this was the cause of the flooding, then there was no need for the water to flood and you shouldn't have a problem in the future.

You can ask a home contractor to inspect the sump pump and the property, to determine how the water problem was induced, and what needs to be done to make sure it doesn't happen again. The home may need a new sump pump, or the pump lines may need to be cleaned.

Cost Estimate for Restoration Cleaning

Know what it will cost to have the water damages cleaned by a water damage restoration company. They will come in and remove all of the stains and debris left behind from the flooding or moisture, and they will remove all of the mold and mildew that may be in the property. This cost should be considered when purchasing the home, and you may want to ask the bank or property owner to cover the expense.

Cost for Waterproofing

Waterproofing the basement before you move in will prevent flooding from doing any damage to the foundation in the future, and it can help stop water from getting into the home. Get the cost and have it done before you move into the property.

If you keep seeing foreclosed homes that have white water lines on the walls of the basement, there may not actually be a problem with the house. It may just need to be cleaned by the professionals and waterproofed, so you don't end up with a flooded basement after you move in.


27 July 2015

insights about home damage that you may have overlooked

When you think about home damage, what comes to mind? Do you picture tornadoes ripping the roofing off of a home or a flood washing away a family's memories? If so, you're on the right track, but there are some smaller issues that can be just as devastating to the structure that you are overlooking. One leaking pipe caused my family a whole lot of grief in a very short time. The bathroom on the third floor of our house had a leaky pipe that was dripping into the ceiling and into the walls. By the time we found the problem, the damage was already done. My blog will provide you with some insights about home damage that you may have overlooked.