Foreclosed home REO PPA lease oh no again!!

[Ampster]

The furnaces are both gas and need to go
the pool pump is an old single speed pump, needs to go.
the hot water heater is to small for the house, needs to be all changed to electric

Heat pump technology combined with solar can be cost effective. I love my heat pump water heater. Someday I will change out my gas furnace to a zoned heat pump system.

[Ampster]

If she's paying it's not in default,

Correct, but what happens when she stops paying?

at sale contract becomes yours to pay for 15 more years.

Or not, depending on whether the new owner decides to assume the contract. If he does not assume the contract, then the legal issue becomes who owns the system?

Time to move on if you can't get a copy of signed contract from bank.

Copy or no copy of a contract would not be a reason for me to not purchase a home. I would be more interested in what the Title Insurance policy says. I would only need a copy if I wanted to assume the contract. The question is, why would i even want to do that?

[1975api2488]

I have a copy of the contract
it says the new owner does not assume th terms of the contract the original signer is liable.
They want $26k to buy it out however the only thing they did was attach the contract to the title
I did not sign that so they have no enforceable contract.

as for gas heating , it’s on LP has not city, when inspected
I was told they are very in efficient And should be changed to electric

[bcroe]

as for gas heating , it’s on LP has not city, when inspected
I was told they are very in efficient And should be changed to electric

I would change out any old style 80% efficient furnace to a 95% plus type common today.
These bring in outside air for the flame and exhaust through a plastic pipe at low temp,
no heat going up the chimney constantly.

My take, a gallon of propane equals the resistance heating of 27 KWH of electricity. So
if my KWH costs 10 cents, the cost of simple electric heat becomes cheaper when propane
exceeds $2.70 a gallon, actually less depending on your furnace efficiency. I have seen
propane double that in winter, price manipulated to peak just when you need a refill.

Use a high efficiency heat pump, and multiply your electrical efficiency many times.
Bruce Roe

[Ampster]

I have a copy of the contract
it says the new owner does not assume th terms of the contract the original signer is liable.
They want $26k to buy it out.....

Yes, even if the contract is silent it is hard to enforce a contract on someone who is not a party to that contract. Covenants that run with the land are a different matter.

That price is over $3.50 per Watt. You could probably find a bigger system to fit you future needs for under $3 per Watt and get the ITC. How big is the service panel?

[1975api2488]

Yes I understand all that. It’s just getting them off my back they try and pull the personal property card but civilcode 2924 says otherwise.
it will be a court battle or I can offer 50 cent a watt and be done

[BoloMKXXVIII]

I would tell them to do something anatomically impossible with themselves. But I love a good fight.

[Ampster]

The roof mounts and infrastructure are worth $0.50 a Watt, even if the system dies in a few years.

[1975api2488]

What would a used price be for a 7395 kw 5 year old system be worth?

[bcroe]

The roof mounts and infrastructure are worth $0.50 a Watt, even if the system dies in a few years.

And what number for ground mount? Bruce Roe

[Ampster]

And what number for ground mount? Bruce Roe

No idea. My $0.50 was a WAG based on the poster buying the whole system for that amount. What have your ground mounts costs been?

[bcroe]

No idea. My $0.50 was a WAG based on the poster buying the whole system for that amount. What have your ground mounts costs been?

I have not been keeping track, just buying what I need as I go along. Everything but mounts
ought to be in line with any string system. The treated wood mount was very cheap. For a
tilting mount to my specs, you really need to build to build 2 structures, the stationary base
and the tilting part. As it was the ton of aluminum in the base was from stuff already on hand
from previous experiments. Concrete and rebar not bad. I bought the majority of the half ton
tilting aluminum, and it seemed there had been a huge increase in the price of 6061 aluminum
in the last several years. Bruce Roe

[peakbagger]

Thanks Chinese tariiffs for the big price increase in Aluminum. They were dumping aluminum on the market previously.

[Paul Land]

What would a used price be for a 7395 kw 5 year old system be worth?

Scrap, Wholesale or Retail. Who's talking! Who's Buying. I'd offer scrap dollars you might do same. But most people would pay used-retail. Just look at Flea-Bay pricing and buyers.

[1975api2488]

Here is my thinking $3 a watt, $22,185
30% fed $15,529 if I bought new.
used worth half $7514.00