Strategic Alliance Meets Growing Demand for Foundation Inspections to Expedite Real Estate and Mortgage Transactions for the Sale of Manufactured Homes
TAMPA, Fla.,// PRNewswire // -- Pillar To Post, the industry leader in home inspection services and Hayman Residential Engineering Services (HRES), a nationwide engineering and architectural firm, jointly announced today a strategic alliance. Working together, the two companies will offer foundation inspections and engineering certificates for HUD Compliant permanent foundations, VA permanent foundations and conventional loan permanent foundations on manufactured homes.
The partnership seeks to facilitate successful home loans for buyers and sellers of manufactured homes. The rapid issuing of a certification -- that verifies a compliant foundation -- expedites the loan approval process and close of the home sale. Starting immediately, home buyers and sellers of manufactured homes in the U.S. who use Pillar To Post professionals for their home inspections will have access to foundation inspections in 41 states.
"Our foundation inspection reports will give HRES a highly detailed description and images of the home's foundation, so the HRES engineers can make a quick determination of its condition," said Dan Steward, president of Pillar To Post. "Pillar To Post is very excited to work with HRES to be the first home inspection company to provide this valuable service to real estate professionals, lenders, home buyers and home sellers."
All foundation systems, new and existing, must meet the guidelines published in the Permanent Foundations Guide for Manufactured Housing, dated September 1996. A certification attesting to compliance with this handbook must be obtained from a licensed professional engineer and included in the insuring file. It is applicable for all re-sales. The PFGMH must be followed in order to receive a federally guaranteed loan.
"There is a continuing demand in the market to close the sales of manufactured homes without the seller needing to implement an entire new foundation," said Paul Hayman, principal engineer of Hayman Residential Engineering Services. "Working with Pillar To Post will assist us in expediting this process, as the inspection reports will be turned around in 3-5 days with a 24-hour rush order available, so we can evaluate and offer solutions if need be."
Pillar To Post is the leading provider of home inspection services to home buyers and real estate professionals in North America. Operating more than 450 franchises in the U.S. and Canada, Pillar To Post offers the most comprehensive inspection program available to residential buyers and sellers and real estate professionals.
Founded more than a decade ago, Pillar To Post is today ranked #1 in the Home Inspections category by Entrepreneur Magazine. The company's home inspections and Ready For Sale services ensure that Pillar To Post supports home buyers, sellers and real estate professionals to provide peace of mind and informed decisions.
Hayman Residential Engineering Services, Inc was founded by Paul W. Hayman, P.E., an engineer with over 20 years experience in the residential construction industry. Noting the difficulty that many lenders had in finding engineering resources in rural areas, he created the company to focus on the needs of the manufactured housing and mortgage industry. Hayman RES is now the largest engineering company of its kind offering services from coast to coast.
SOURCE Pillar To Post