New Inspection-Warranty Product Protects Foreclosure Buyers

New Inspection-Warranty Product Protects Foreclosure Buyers
Buyers Protection Group, LLC, (BPG) recently launched a “buyer’s bundle” that provides protection and savings for those who purchase bank-owned, foreclosure, or short-sell properties.



The bundle combines the benefits of a professional home inspection with a 12-month home warranty. BPG, which maintains dual headquarters in Georgia and California, provides services to help real estate professionals, buyers, and sellers in real estate transactions.

“Vacant or distressed properties can be a great value,” said Revell Fraser, BPG president and CEO. “However, our data indicate these properties can pose unique challenges to
homebuyers – further highlighting the need for a professional inspection and extended home warranty.”

The buyer’s bundle, which is offered in most major markets, provides a detailed report of a property’s condition, a 90-day guarantee on major items inspected, a 12-month home warranty, and $100 in savings. Flex-pay options are available for the home warranty.

BPG provides home inspections and home warranties in 14 states, including 25 major housing markets. The company uses data generated from inspections to determine common problem characteristics by property types. Approximately 60 percent of the 83,000 transactions handled over the past year by BPG involved vacant properties.

“[The buyer’s bundle is] a smart choice for consumers buying bank-owned or short-sell properties,” said Pat Schaffhauser, who heads the company’s product development group.

“Buyers receive a more comprehensive understanding of the home’s condition plus extended protection for major system or appliance failures – both from a single trusted advisor and with significant savings,” Schaffhauser explained. “The warranty also provides coverage for unknown pre-existing conditions, which is especially attractive on vacant properties.”

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