Team Thayer Property Servicing

The  Financial Stability Oversight Council (FSOC)  was created out of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 in order to bring the financial regulatory community together to respond to risks to the financial system in order to prevent another financial crisis. Attempts are being made by financial industry advocates to weaken the FSOC. Those advocates are accusing the Council of being overzealous in protecting the financial industry. Weakening the FSOC would only prevent the Council from identifying risks to the financial system, therefore putting the country at risk of another devastating financial crisis, according to an  op/ed piece by Deputy Assistant Secretary for the FSOC at the U.S. Department of the Treasury Patrick Pinschmidt  on CNBC on Monday. “Unfortunately, there is legislation pending in both houses of Congress that would heavily tip the scales back in Wall Street's favor and leave our country vulnerable to another ...

Justin Lee Thayer / Oregon Property Disclosure Statement A seller’s disclosure form is an opportunity for the buyer to learn about know damages to the property while also providing insight to the seller’s experience in it.  This form includes the seller’s knowledge of the condition of the property as of the date signed by the seller. The form is not a warranty of any kind by the seller and is not a substitute for any inspections or warranties the buyer may wish to obtain. The form will indicate what items the property has but not does not mean they convey such as appliances.  Disclosure forms reveal things such as any physical defects to the house along with hazards such as lead paint. It is the buyer’s responsibility to find out any past damage inflicted to the house. Seller’s disclosure forms can reveal things such as: Leaky windows Damages to walls Any construction that is nearby Natural hazards around the home Borderlines for property Any deaths on the pro...

1.  Potential Foundation/Structural Problems One of the most costly repairs to a home is correcting foundation problems.  The foundation of a home is arguably the most important part of a home.  A home with a problematic foundation can cost a home owner thousands of dollars to correct a problem. When looking at homes, it’s important to be aware of the foundation.  If the home has an unfinished basement it can be relatively easy to see if there is any cracking in the foundation.  Minor cracking may only be a sign of settling in the home, however, large cracks can be a sign of structural problems with the foundation. If a home doesn't have a basement or has a finished basement that doesn't allow for you to look at the foundation, another way to tell if a home is possibly experiencing structural problems is by looking at the door frames throughout the home.  If the door frames seem not to be square or the doors seem to have difficulty closing, it’s...