Have had a pending short sale with BofA since Dec. 09. Finally got approval with closing date set for June 11 after we accepted BofA counter of 10k more than listing amount. This past week had severe storms in the area, went to check on property noticed severe roof damage many missing shingles and interior damage to ceiling in three rooms.

What are my options now, it's 5 days to closing. The estimated cost to repair roof is 5K. We really don't have the extra to pay for damaged roof. The sellers have dropped the insurance they had on property, the home is less than 10 years and roof should be under warranty but the company is now out of business. The realtor is checking to see if the bank assumed insurance on property. These could all be long shots, if so any advice as to how we should move forward now. Been waiting looong time for a short sale.

Lisa