Foreclosure in 33405>Question Details

De, Real Estate Pro in Palm Beach, FL

Any luck with Freddie Mac paying for repairs and appliances?

Asked by De, Palm Beach, FL Tue May 1, 2012

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2
In a word - the answer is no. REO inventory is Sold - "As-IS" and
the pricing of such property and willingness to negotiate are most
times all the incentives that will be offered. In cases where you
may see new appliances these are inducements to secure a price
and not for a remedy for defects with those present. Repairs-
forget about it ! All REO sellers can see is liaibility exposure there.
Best Bet: Take note of the defects early ,figure your costs, then
work on the price accordingly! Best of Success!


Bob Brubaker Highlight Realty Palm Beach County Fl. 561-876-6649
Web Reference: http://pbc-realcam.com
0 votes Thank Flag Link Tue May 1, 2012
As for repairs, you can ask but their standard answer is the property is sold 'as is'. They may make repairs if it's discovered to be a safety issue - but there's no guarantee. All you can do is ask.

As for appliances, with the purchase of most if not all foreclosed homes the lender/owner will refuse to sign any personal property agreement which is where any existing appliances would be listed. As far as they're concerned if the the appliances are working and in the house on the day of closing, then they are considered a gift. Otherwise they will make no guarantee about appliances being in the house on closing day nor would they buy appliances.

If you need cheap appliances, consider Craigslist.org.
0 votes Thank Flag Link Tue May 1, 2012
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