Boiler wints on REO's...... - REO Property Preservation Forum
 
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post #1 of 8 (permalink) Old 03-03-2012, 12:51 PM Thread Starter
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Boiler wints on REO's......

Out of literally dozens of Fannie Mae REO's i deal with that have boilers i have NEVER been asked to winterize one up here. The brokers in my area ALL activate heat and utilities on REO's as a warm home sells better and faster in the middle of winter and less damages are done, IE: Wood Floor issues in unheated homes. (Just did $1800 work of wood floor repairs on a high end home due to a home not being heated in the middle of winter while in pre-foreclosure.) Yet in other parts of the state the brokers DO NOT activate utilities and winterize the boilers at costs from $800 to $2000!!! That will buy a LOT of heat not to mention the home will move faster! What are y'all seeing in other parts of the country???
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post #2 of 8 (permalink) Old 03-03-2012, 01:02 PM
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Originally Posted by mtmtnman
Out of literally dozens of Fannie Mae REO's i deal with that have boilers i have NEVER been asked to winterize one up here. The brokers in my area ALL activate heat and utilities on REO's as a warm home sells better and faster in the middle of winter and less damages are done, IE: Wood Floor issues in unheated homes. (Just did $1800 work of wood floor repairs on a high end home due to a home not being heated in the middle of winter while in pre-foreclosure.) Yet in other parts of the state the brokers DO NOT activate utilities and winterize the boilers at costs from $800 to $2000!!! That will buy a LOT of heat not to mention the home will move faster! What are y'all seeing in other parts of the country???

been doing this for 12yrs and never seen a boiler system(wet). Cover KY,TN area not cold enought .

Our realtor`s most the time turn heat but FAS,cyprexx,ect still have us wint. properties.
post #3 of 8 (permalink) Old 03-03-2012, 06:15 PM
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Originally Posted by STARBABY
been doing this for 12yrs and never seen a boiler system(wet). Cover KY,TN area not cold enought .

Our realtor`s most the time turn heat but FAS,cyprexx,ect still have us wint. properties.




Thats incase the electric goes out for a week or two from an ice storm or like right now in the tornado areas.


When I was growing up in KY I saw plenty of winters with below 0 temps. Thats cold enough to freeze pipes.
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post #4 of 8 (permalink) Old 03-03-2012, 06:42 PM Thread Starter
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Thats incase the electric goes out for a week or two from an ice storm or like right now in the tornado areas.


When I was growing up in KY I saw plenty of winters with below 0 temps. Thats cold enough to freeze pipes.

In my 41 years i have never seen the power go out for more than a day. Here in Montana 75% of it is underground to boot. I guess it COULD happen. Still no reason to leave the heat off in these homes and damage them...........
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post #5 of 8 (permalink) Old 03-03-2012, 07:27 PM
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Since I moved here (1995) I've never seen real long with out power either.
Few trees to knock the lines down.
I remember in the early 90s power was out for a full 7 days, some places 8 after a heavy ice storm in KY.


They don't leave heat on nothing here except the REOs. 50/55 is where they set them.
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post #6 of 8 (permalink) Old 03-03-2012, 07:57 PM Thread Starter
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Since I moved here (1995) I've never seen real long with out power either.
Few trees to knock the lines down.
I remember in the early 90s power was out for a full 7 days, some places 8 after a heavy ice storm in KY.


They don't leave heat on nothing here except the REOs. 50/55 is where they set them.

That's my point. My brokers here leave heat on in REO's. Other parts of the state the homes are shut down. I'm not talking about dumpy homes either. These are nearly new with in floor heat Ect. One guy i know had to wint a boiler. Plumber charged $1,100 3 weeks later it went under contract and had to be de-winted. What a circle jerk...........
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post #7 of 8 (permalink) Old 03-03-2012, 10:35 PM
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Thats incase the electric goes out for a week or two from an ice storm or like right now in the tornado areas.


When I was growing up in KY I saw plenty of winters with below 0 temps. Thats cold enough to freeze pipes.
That`s funny we lost are power for an hour during storm. I have lived in Kentucky since 1998 and can only thing of one time we lost power for more than a day (in 1994 ice storm). Last year was the first time I can remember, we had a real winter with snow and freezing temps.
post #8 of 8 (permalink) Old 03-03-2012, 11:04 PM
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I grew up in the hills of eastern KY where the hollers are narrow and tight.
Trees would fall on the lines on a regular basis.

We're talking from 1979 to 1994 when I moved to VA for just over a year and then
out here in 1995. Multiple day electrical outages weren't exactly common, but they weren't exactly uncommon either.

I know that a lot of work was done in recent years to provide multiple power routes in the area in case of problems.
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