My name is Justin Skwara and I am an account manager with Simplex Homes. I have personally

been searching for foreclosures in Charlotte, NC for my wife and I and I have been startled. We

have wasted a life of time searching, analyzing, and dealing with the people involved. It is more

than just finding a pretty good home and fixing the carpet. Below is a list I compiled and besides

the fact that if we found a decent one, we would probably end up buying a home that was energy

inefficient (high power bills, gas bills, maintenance costs). What an eye opener this process has

been! For us, the foreclosure now needs to be nearly perfect or we will build a home, again.

Potential Major PROBLEMS with Foreclosures / Existing homes:

FACT: Most are Not Energy Efficient

QUESTION: Who was the builder? Is this important for once in a life investment: YES

RISKS: Unsanitary, nasty odors, possibly infectious, insects, rodents, serpents, & needs super

deep cleaning. Example: Bathroom infections can live longer than you.

MORE RISKS: Other Hazards—Fire Hazard, Mold, Unseen MOLD, Insect/Rodent Damage,

Abestos, Radon, Carbon Monoxide, the list of cancer causing agents is endless.

MONEY LOSER: Costly Home Maintenance, Replace appliances, A/C heat pumps, water

heaters, windows, doors, floor covers, toilets, tubs, on and on…all need updating.

FACT: Banks do not care about You during or after the sale- They will negotiate the price

higher as if they built the home and are emotionally attached- What a Joke! Yes , sadly, this is a

fact and another reason American cannot rise above this crisis.

WASTE YOUR TIME: The best foreclosures are hidden by Realtors and Banks for their

friends/investors first. Waste your time and gas driving everywhere to look @ junk. Waste your time

dealing determining update costs with contractors who view you as “green”. And not “green” as in

environmentally concise but green as loaded with green $. You probably are not going to be the one

fixing up the home so now you are at the mercy of others- all and all: WASTE OF TIME

LOCATIONS: Most foreclosures available are located in areas or land lots where people do not

want to live.

If these issues are not enough to make you stop and think, then perhaps you like the challenge of

finding a needle in a haystack.

The bottom line is if you have this kind of time to waste hunting for foreclosures, you would be

better served to build a new home with all the new home benefits. I have a list of benefits of

investing in a new home as well. Contact me if you are interested in obtaining a copy.

Justin Skwara Simplex Homes Account Manager 704-577-3883