Originally Posted By: meangreen01
Originally Posted By: daves87rs
The seller in this case happens to be HUD, so we have to wait to see what happens...
Ugghh... even worse.
You might be better trying to negotiate a lower purchase price and hire your own plumber. If you want this resolved within the next decade, anyways. I'd strongly be considering walking away. Houses for sale are a dime a dozen right now.
When someone broke the back window, HUD was pretty quick about coming out to fix it. So there is hope.
At this point, I'm looking at 3 options. HUD will either:
1- Do nothing...oh well. This could get tricky,because they have nailed people for walking, even when things like this happen..
2- Drop the price.
3- Drop both the price (a little) and add it to the repair escrow. Due to the craziness going on here in MI, they have been doing this make them more appealing than the Fannie Mae homes around here. This also depends on how my people handle it...
So we will see....