2. After closing on a foreclosure can a seller/bank be held liable for any major foundation discovered within a certain time frame?
Ok, enough rambling... You probably know what you need and want to do.
I just did a quick and rudimentary search on VA foreclosures in Dallas County. The avg list to sales price was 100%......some went as much as 8 or 9% over the asking price. There's only a couple I see in the 94 to 95% of list price range. That should tell you a couple of things. Either people will pay the price for them, or they only let them go close to the asking price. Those % are not always off the initial list price, but the last price they had when it sold. One time I was told they will not counter because they are afraid of discrimination lawsuits. I'm not sure if that is true or not, but sounds about right. Good luck.
If you like the house enough and if you think it's worth it, you can submit another offer with a new price...
The only one out there that doesn't negotiate is HUD.