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Question:

When the bank takes out the power meter in a listing does that mean there is something wrong with it?

I am interested in a listing, but it doesent have the power/electricity meter so the house inspector can't inspect it but usually if the bank turns it off or something is there something wrong with it?

Answer:

The power company is making sure no power is available to the property. It will usually be replaced for an inspection. realtor.sailor
No, there is not necessarily something wrong with it, the bank just doesn't want to pay the electric bill. If you are interested in the home, ask the bank to turn on the power so it can be inspected. It shouldn't be a problem.
If I don't pay my electric bill sometimes the power company will remove the meter to prevent me from illegally doing something to steal power. I amy also not be paying my mortgage and the bank may end up owning it. They may try to sell it without hooking it up to power because they don't care to even find out the condition of any appliance. Most listings like this will allow you to go thru a certain procedure and pay out of your pocket to hook it up for the inspection and then disconnect it afterwords if you don't buy it. Ask the listing agent or ask your buyer agent.

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