Liz Clark
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Liz Clark's Discussions

BOA/HUD SS approved after a year but inspection reveals major problems

Started this discussion. Last reply by Roy Mason May 5, 2013. 6 Replies

Hi all. I am the buyer of a BOA/HUD short sale that was just approved after a VERY painful year of dealing with BOA. We could never have gotten to this point without all of the input of this board's…Continue

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Liz Clark's Page

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Roy Mason replied to Liz Clark's discussion BOA/HUD SS approved after a year but inspection reveals major problems
"Call the corp office and explain to them the situation. They do not make repairs most likely but they may lower the price of home  send the reports and home inspection,   Also call this in to the corp office.    Explain…"
May 5, 2013
Stephen Trad replied to Liz Clark's discussion BOA/HUD SS approved after a year but inspection reveals major problems
"Have the seller file the claim with whoever's covering the property. Ask for a variance for the credit to buyer to be filed on seller's behalf and provide the Phase2 rep with all of this data. Include the appraisal from the buyer's…"
May 5, 2013
Liz Clark replied to Liz Clark's discussion BOA/HUD SS approved after a year but inspection reveals major problems
"Brian and Kathy,  thanks for the info.  Not exactly what I wanted to hear, but I'll give it a go and see where we wind up."
May 2, 2013
Kathy Fuhriman replied to Liz Clark's discussion BOA/HUD SS approved after a year but inspection reveals major problems
"Liz, It is not too likely for any repairs to be made on the home before closing. You will most likely need to get a loan program to purchase the home with a repair escrow built in to complete your desired repairs after you own the property. HUD does…"
May 2, 2013
Liz Clark replied to Liz Clark's discussion BOA/HUD SS approved after a year but inspection reveals major problems
"Dirk, thank you so much for taking the time to offer your thoughtful and informative response. Your assmption on the purchase price is correct, but quite honestly, I have a high degree of reluctance to close until this repair has been completed...…"
May 1, 2013
Liz Clark posted a discussion

BOA/HUD SS approved after a year but inspection reveals major problems

Hi all. I am the buyer of a BOA/HUD short sale that was just approved after a VERY painful year of dealing with BOA. We could never have gotten to this point without all of the input of this board's amazing members. We were able to get HUD to re-appraise and get the file escalated to capable reps using many of the tips on this board. Approval was actually quick after getting the file into the right hands.After overcoming many issues in the last two days in getting the utilities turned back on…See More
May 1, 2013
Liz Clark is now a member of Short Sale Superstars
May 20, 2012

Profile Information

First Name
Liz
Last Name
Clark
Are you a...
Buyer
State
NY
City
Watertown

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