Home Warranties have always been a good option for home buyers and now, more than ever, Home Warranty Plans are becoming a “must” for REO (Foreclosure) and Short Sale properties.

Benefits of Home Warranty Plans include:

  • The reduction of the new home buyer’s risk of purchasing a REO or Short Sale home
  • The coverage is effective the day escrow closes and is in place for the period of one year after the closing date
  • For Listing Agents, offering these plans may help these homes to sell faster

As a home buyer, you should check to see that the Home Warranty Plan you choose is comprehensive. There are many things that your plan may contain in its coverage.  Not all companies offer the same features and they may have different service charges. 

Here are some things you might want to check for:

  • Undetectable Pre-Existing Conditions for Home Buyer
  • Failure due to Rust and Corrosion
  • Failure due to Lack of Maintenance
  • Failure due to Water Heater Sediment
  • HVAC, Plumbing, and Electrical Systems
  • Kitchen Appliance Coverage

If you need assistance in locating a Home Warranty company in this area to provide coverage for your new home, please contact your real estate agent and he or she can provide you with a list of companies that you may want to contact.

Source: CENTURY 21 Key Realty

46 Responses to “Can I get a home warranty on a foreclosure?”

  1. Barbara D. says:

    Home warranties are great. Not just on foreclosures but any home.

  2. Juan says:

    i want to get one. how do I do that?

  3. Hi Juan,
    Thanks for your question. I will send you a list of several home warranty companies in this area to the e-mail address you provided. It will contain the contact info and also the specifics about each company’s policy. If you need assistance in setting up a home warranty policy or also with locating a home to put one on, please let me know and I would be happy to help your family with that.
    Shannon Schwab, Associate Broker, CENTURY 21 Key Realty
    Office: (334) 793-6990, Cell: (334) 655-9091, E-mail: shannon@c21keyrealty.com

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