CLUE Reports

People have become so nervous about the condition of a house they are thinking of purchasing that they sometimes feel overwhelmed. I think this seriously started when mold became such a big issue.



With so many Foreclosed homes (REO's) that have to be purchased in as is condition Buyers can rest more easily knowing they have a due diligence period when they can have inspections, approve association documents, etc. And now, with a CLUE report they can check to see if there were any homeowner insurance claims paid in the previous years.



CLUE is a national database where insurance companies report their loss payouts on homeowners insurance for about the last five years.



It is a little more tricky for a Buyer to get the information on an REO property but with a little effort they can probably obtain it from their own insurance agent or at least they can advise you on how to get it.



For more information you might like to visit http://www.choicetrust.com/