Just Because It's As Is Does Not Mean You Don't Do An Inspection

The large supply of lender owned or REO homes are priced--in most cases--to sell. Lenders don't know much about a home so don't expect a seller property disclosure statement (SPDS) and DO expect to be buying the home "AS IS", WHERE IS".

That means that the lender is very unlikely to do any sort of repairs for you. Still, this should not stop you from doing an inspection. In fact, you should do an inspection because it is a non-owner occupied and lender owned home.

These homes are usually in need of some repairs and often lots of repairs. Although there are an increasing number of home where the lenders have put in money to make them move in ready. But, there are additional threats to homes that sit vacant.

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