Does anyone use Home Warranties on their bank owned properties?
I am thinking of starting to buy pre-existing conditon home warranties on my REO properties to help expedite the repair times (instead of waiting on the property preservation company) and also to help with costs.
The cost of the policy per house + service change could be under the cost of many of these repairs. Plus it is good for one year for the buyer.
Many of my banks either will not make repairs, or it takes them several months to complete repairs after property is in contract.
Any information, experience or imput would be helpful.
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