Has anyone ever had the bank pay for repairs.  I have a short sale -- fully approved by the bank.  Now we had inspection and the roof is completely shot and the buyer does not have the $$ to repair.  Therefore a reduction in purchase price from the bank will not work!

Would appreciate anyone's input if they have experience with this!

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The best they will do is allow a buyer credit at closing. Just ask them. Be sure to provide the inspection report and at least 2 estimates from licensed roofers.

Yes -- I just checked with Escrow and they can pay directly to the contractor on the HUD!  We have met the 6% allowable for closing costs/prepaids.   I am excited -- we shall see!


Thanks for your help!

You can also try doing a 203k Financing if it is available in your area.

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