The bank simply will not lend for over priced homes these days. A realistic value needs to be placed that is based on similar sales with similar views unless the buyer has cash and wants to pay what ever they want... more
With all of the recent changes in Flood Insurance, an elevation certificate is a good idea to get an accurate quote for properties in flood zones. You would have to hire an engineering company to do this. But if you are financing the purchase, most if not all banks will require this.... more
Hi Miriam- I'm sorry for your problems you've been having. I was on the other side of this for many years- working for a developer.
Just to clarify- a foundation leak usually is not a structural problem. 90% of the time. The water leak can be fixed for about $800 -$1000 by calling a foundation repair contractor.
If the builder is still in business- which is not a given as the weeks go by- they almost certainly have zero money available to pay to fix any of your issues, even if they are legit issues and original warranty problems. Check out how YOUR warranty is written in your P&S when you bought the place.
In a practical sense, if you have a family friend who is an attorney, you should have them write a letter to the builder in a harsh tone and then you will see the builder make the appropriate remedies- most likely. You have to stand out from the crowd. My guess is you're not the only former buyer who has been calling them with warranty issues.
Thanks, and good luck,
Ken L.... more