Illegal work

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mdshunk said:
If the old meter base is bricked in that tight, I've bolted a new meter can right over top of the whole works a few times if it's flush with the meter removed.
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Mark - not following this. What happens to the old meter?
 
realolman said:
Whether the house is constructed properly or not, is somewhat irrelevent.

Mortgage this property, with no down payment, to someone who's loan application clearly shows they can't possibly pay, collect your broker's commission... bundle that transaction with a couple million more of the same ( oh yes, at a commission )... call it real estate secured investments... sell it to larger and larger institutions, whose real estate secured stocks and bonds me and you are buying hoping to retire someday, and you have what we got today.

Oughta be a lotta people in jail... Mainly the ones who watched it happen and neglected to make such crap illegal. So long as the prices kept rising and the places could be "flipped" ( with the accompanying TV show ) at a profit, everybody involved was happy with their little house of cards. Never mind the po' folks and their families who got tossed outta their houses.

Not to worry though... Congress'll make sure the rich guys running the scheme'll get out OK .
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Actually, there WERE banking laws and regulations in place that prevented what we're seeing happen today.

You can thank (a politician who I will not allow to be named) for passing legislation that repealed them...

{Moderator's Note: Edited to remove a political comment.}
 
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Minuteman said:
Seems the home inspector is requiring a "permanent heating source" to be installed in the home.
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I suppose you could have said that the Home Inspector has no authority to require such a thing. But I think you handled it properly. I particularly like your 911 response.
 
charlie b said:
I suppose you could have said that the Home Inspector has no authority to require such a thing.
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Charlie it's probably not a regular home inspector but one from FHA. They have several requirements before loan approval. One that is normal would be a minimum of a 100 AMP service , which these people are trying to fake with a 100 AMP main on a 60 AMP service ( I've seen this one a few times ). I have installed the required services before and there is nothing wrong unless you try to fake it ( that's why there was a new 100 Amp panel before the inspection, to fool the inspector ).

You could make the service safe with 60 AMP main breaker panel but this will not meet requirements, it would be overloaded because of the electric range, water heater and probably dryer circuit.

I do admit that this is an assumption on my part but it is a standard trick used by the real estate industry ( the crooked ones anyway ).

It would be real hard to get a loan on a property without a heating system. If it were a cash sale then you could just negotiate the price and sell "As is ".
 
mdshunk said:
If the old meter base is bricked in that tight, I've bolted a new meter can right over top of the whole works a few times if it's flush with the meter removed.
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These guys would do that, but they would cut a hole in the back of the can and stab some pieces of plumbers tape into the old meter can.
 
growler said:
Charlie it's probably not a regular home inspector but one from FHA. They have several requirements before loan approval.
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Is that what it means when a property is listed with the term, "No HUD buyers" or "No VA loans."

I believe the VA also has special requirements checked by their own inspectors.
 
growler said:
Read #14 and #16 of the FHA red flag list. I would guess they are all pretty much the same.
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I like item 19 - Attic and Crawl Space. Never heard of inspectors going there; it's about time.
 
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