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Gary Smith

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Agent
Gary Smith answered:
Chris, Nicole gave you the best answer to your question so far. I've shown many foreclosed homes and most do not meet Freddie Mac lending requirements. This would not come up until the lender appraises the home.

If the home is within the City of Detroit, you will be required to complete an Affidavit of Compliance and Responsibility (ACR). All repairs noted by the City will have to be completed within 6 months. I would not submit an offer without reviewing a copy of the City's inspection report. More information is available on the City website I believe this is the correct Department http://www.ci.detroit.mi.us/plandevl/Default.htm - Tue Oct 30 2007, 06:12

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