New Construction Repossessed

[SLP-NYCT]

I use HSA Home Warranty. They don't care about the builder and I know most of them go out anyway so I always provide these on new construction deals.

Tell them I referred you if you call them

[Arizona Real Estate]

By State Law, there should be a structural warranty. I would call the Registrar of Contractors in your state. They should be able to assist you. As for appliances, etc you can probably add a home warranty on these. Also contact the roofing company that did this work for the builder and they probably have a separate warranty as well. Good Luck

[satxproperty]

Thanks! I'll keep digging.

The bank is being slow with answering, may end up passing on this one. The buyers are paying cash and want to move in like "now" ... so may be out looking for more homes.

[lylej]

Old Republic may be the best source if it is a Fanny Mae REO.

[satxproperty]

The problem I am finding with the consumer version vice the builders version of the warranties is the limits. Many buyer home warranties limit any damage repair costs to $1500-$2500.

A failed or failing foundation can easily exceed $75,000...

[lylej]

That is certainly true. Limits are not very high generally.

[johndale]

For me based from my experience there should be an structural warranty.