Monday, August 31, 2009

Winterized? Owned by Bank? Who did it?

The other day I showed up for an inspection, early as is my practise, only to find that the plumber had not left yet? He was supposed to set the house into normal operating condition after the bank's people had "winterized" it for storage.
Well the Bank got robbed, not at the bank, but at this property. Who ever did the work, didn't do a very good job, and at least one or more pipes froze and leaked. It appeared that they didn't open the faucets on the 2nd floor, highest in the house, to allow it to drain down completely. The closed faucet creates an airlock, holding some, but not all the water in the line from draining.
I have seen cases where the bank also shut off the electricity, to the house and the SUMP pump, causing floods to occur in the finished basements? Can you believe it! In their efforts to minimize cost, they have devalued the property. It may have been the bank, the management company, or simply the craftsman that was hired, but nevertheless the damage is done.
Moral of the story is to get what you pay for by doing spot inspections on properties that have been moth balled!

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