Foreclosure in 60602>Question Details

yrua49er, Home Buyer in Aitkin, MN

freddie mac house signed purchase agree. cont. on well and septic. during inspes. found out the wells shot. gave them bids. any chance they will pay?

Asked by yrua49er, Aitkin, MN Fri Aug 31, 2012

Help the community by answering this question:


Steve Wright’s answer
The actual answer to this is how good a deal is it? Your Realtor will know what the value is... depending on your offer vs. value. Is it a great deal, or "ok" deal. (notice I don’t care what the list price was)

i doubt they will fix it.

I have killed a deal and re-submitted successfully against Fannie Mae. (Philip suggestion below)

post outcome if possible.
0 votes Thank Flag Link Thu Sep 6, 2012
just thought i would let you know that they came back and are paying for the new well. and also to let you know we did get the house 40,000 below asking price. and 70,000 below value. yeah!! thanks for the answers.
Flag Sat Sep 8, 2012
This happen to me in lake bluff in 2008 and i requested and they paid for after (Credit) ....ask nicely to the listing agent no Attorney , depend of the listing agent and his recommendations to freddie
0 votes Thank Flag Link Wed May 22, 2013
You have to ask, and answer, the exact, same question that the SELLER will ask:

"Is the Selling price worth putting the money into the well?"

If the Seller says "NO!:, then they are stuck.
If you say "NO!", you can just walk away.

The well is kinda important to the House, the Sale, and the Property. Kinda!
If the Buyer was doing an FHA or VA loan, they probably would not get it approved. The Seller would still be stuck.
0 votes Thank Flag Link Sat Sep 1, 2012
Its possible. You can ask. Have your attorney try. The worst they can say is no.
0 votes Thank Flag Link Sat Sep 1, 2012
Most likley not. You buy these properties is..........Cancel the contract and write another one with a lower price.
0 votes Thank Flag Link Sat Sep 1, 2012
1. This question was posted and answered previously.
2. Your agent should have told you there's absolutely no way to know if they will pay until they give you a response.
0 votes Thank Flag Link Fri Aug 31, 2012
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