Recently we have experienced a lender for a purchase of a Colorado home refuse to close for the buyers loan until a known asbestos containing material was removed by the seller. We were shocked to see this and wondered the reason for this action from the lender.
First, we wonder if they realize that it is in fact the "buyer" that would like the material removed, the "seller" has been living there for years with the material undisturbed and in "good" condition. How can they then nail the "seller" to the wall requiring a specific asbestos material be removed at thier expense? Will there be no loan for the buyer who intends upon removing the asbestos ceiling texture, or another known asbestos material utilizing a licensed Colorado asbestos removal contractor following the purchase of the property? What if niether party wanted to have the material removed at all, but left in place? Is there still no loan for the "buyer"? And finally, is this same criteria utilized on ALL of the home loans from this lender which are given on homes built prior to 1989 in Colorado? Or just materials which are easily recognizable? Is this a trend that we can expect to develope?
We then wonder how many home loans this lender actually provides in the State of Colorado, given the fact that they are presumably unaware of the list of potentially containing asbestos fiber not to mention that asbestos has been found in current day construction materials. In the end we believe that the action of this lender was in defense of thier own liability, as they likely do not want to own yet another property with an asbestos issue should the loan be left in default. It certainly would be wonderful to have feed back on this issue from some property brokers or lenders to get a feel for thier point of view.
WWW.RelianceAbatement.Com
WWW.Asbestos-Colorado.Com
Subscribe to:
Post Comments (Atom)
14 comments:
I agree with your points. Asbestos can be dangerous, but it's up to the owner to decide whether or not to have them removed. In some cases, they don't need to be removed for years. This is why it's best to talk to a professional about the specific home's asbestos. It's impossible to generalize the situation. http://www.westbinwaste.ca
I don't have much experience on asbestos or know much about the laws that govern asbestos, but I thought that you must get it removed because it poses such a high risk to your health. From what you said, it sounds like it is more of a preference that people ask for it to be removed. I will have to read more about asbestos to know a little more about it. http://www.rockridgeinc.com/abatement.html
Definitely agree with you on these points. I think that asbestos can really be a killer and I think that something like that should be removed ASAP. However, if it's the seller or buyer's job I think that it should definitely land on the seller. http://townsvilledemolition.com.au/service/asbestos/
Excellent post and wonderful blog, I really like this type of interesting articles keep it you.
asbestos
if a person intends to remove the asbestos, it should be easy for the loan granted. it would be very helpful at all
Hello i always like your blog because its helpful to us and ADNA Contracting is also going to provide competitive contractor services which based in Ontario, offering spray fire proofing in the Greater Toronto Area.
spray fire proofing toronto
I am satisfied that you simply shared this useful information with us.
Asbestos Removal in Guildford
Are you in need of a loan? Do you want to pay off your bills? Do you want to be financially stable? All you have to do is to contact us for more information on how to get started and get the loan you desire. This offer is open to all that will be able to repay back in due time. Note-that repayment time frame is negotiable and at interest rate of 3% just email us creditloan11@gmail.com
Do you need a loan to pay off your bill or in need of financial help with a loan you can contact us now for a loan if you are serious in getting it surely we will help you out via Email {urgentloan22@gmail.com}
My name is.Mrs.Anna Daniel. I live in Ukraine i am a happy woman today? i need to use this time to tell all people how i got my loan from this honest and God fearing man loan lender that help me with a loan of $84,000 please contact him. if you also need a loan without any problem he name is Dr Purva Pius email {PurvaPius22@gmail.com} tell him that is Mrs.Anna Daniel that refer you to he contact Email {PurvaPius22@gmail.com}
Good day to you all, i just want to share this with you friends, because am so happy now , finally i just got my loan from Dr Purva Pius if you are in any need of any type of loan you can contact him through this email (urgentloan22@gmail.com)
Hello Everybody,
My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.
Post a Comment