AboutDennis Herman Expertise I can answer questions on Real Estate such as question on writing an Offer to Purchase. What can go wrong after an offer is written? What is Buyer Agency and what will it do for me? What is a foreclosure? What is the difference between a foreclosure, a bank owned property and a short sale? What is the best way to locate a property? What steps can be taken to avoid foreclosure? How do Real Estate Agents get paid? How can I quickly build equity in a home? How do I view homes? What types of homes will have the best prices? How do I choose an agent? What types of financing are available?
Experience Residential and commercial real estate. New home purchases. Buyer Agency. First time home buyers. Foreclosures, bank owned properties, estate sales and short sales.
Organizations Greater Milwaukee Realtors Association
Wisconsin Realtors Association
National Association of Realtors
Publications http://activerain.com/bloghome
Education/Credentials State of Wisconsin Licensed Real Estate Sales Agent
Accredited Buyer Agency Training
Relocation Training
Certified Senior Citizen Representative
Wisconsin Real Estate Continuing Education
Question I bought a house back in 2004 without a home inspection. Within the last 3 years, the house has been slipping. I had an estimate done in 2008 for the foundation to be fixed. They quoted $25,000 at least. This is only about a 1200 or 1300 ft square foot home. I am concerned for the safety of myself and my son. I owe about $50,000 on it. I have 2 lots and this is in a nice gated community around a lake. They drained the lake years ago and alot of the houses slipped. I don't know if I should check in the HUD Section 203(K) loan or just walk away from this mess. HELP!
Answer Thank you for the question. You don't need a real estate agent (which I am) you need an attorney. There is a section in ALLEXPERTS for Real Estate Attorneys. I should shoot off a few questions to them myself.
Contact one of them to get started. My guess is, you may have a case. If draining the lake caused the problem, there may be insurance. Or your insurance may cover the cost of repair if you can prove it was a man made problem. You should check your policy. Take pictures and keep the dates in a log.
The cost seem in line. Here is Milwaukee the repairs cost about $125 to $200 a foot. If you have a 30 foot wall the repair could cost from $3759 to $6000.
