I assume that joists resting on stacks of concrete blocks resting on dirt does not constitute a legitimate foundation as far as a bank is concerned. This describes the construction of our house which we bought last year on land contract.
Since buying it, we have been implementing plans under permit to replace these stacks of blocks with triple 2x10 beams attached with simpson brackets to 6x6 posts which are attached with simpson brackets set in concrete spread footings. (plans are from a licensed structural engineer)
Will this be recognized as a foundation if the house was inspected for refinancing to a mortgage by a bank?