Consider asking your agent the question and his/her broker owner and or office manager--is the money to be used in consideration, why is it not refundable, if not refundable where is it going...if you have no signed agreement with your agent, you are free to work whoever you wish--simply placing an offer on any property should not you cost you money....... more
Now it sounds like he is milking re-inspection fees. Again, it is not the appraiser's job to determine what needs to be corrected or inspected, just to report on the appraisal what is readily observed at time of inspection and provide photos of items/conditions. It is the lender's duty to determine what and if corrections and/or additional inspections need to be completed to satisfy their underwriting and FHA guidelines for/when determining the collateral risk. If the appraiser and/or appraisal is that incomplete or incompetent, you should provide a copy along with a detailed complaint to the State Appraisal Board in your state.... more
Letting it go to foreclsorue could really damage your credit. They cant take ther other (primary) house unless it is on the same loan as this rental property. If you have not evicted them you need to NOW. Post a written 3 day notice to either pay in full or vacate then if they arenet out go to the Wayne County Courthouse and file papers.
You may need to call your attorney. I would hate to see you let it go to foreclosure. As far as the water, I wouldnt know why just turning it back on would break the pipes. See if Rittman will let you work out a payment plan and hook you back up - sometimes they will work with the owner not renters, tho.