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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 not make repairs even to the houses they take back in FC.
Good luck with that one.
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.
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 that they can deal with this now OR when they turn the home over to a REO agent
Remind them that you will send the report to the REO agent when it comes on the market as an REO and that agent will have to disclose it to the new buyer.. Get on the phone and call corp office and explain all this. OR your clients can get the 203K loan to rehab and make repairs themselves,
100 N TRYON ST, STE 170
CHARLOTTE, NC 28202-4024 | view map
(704) 386-5681
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