Jim Long

"Call Jim and Start Packing!"

I'm a:	Real Estate Professional
Company:	Crye-Leike.com
Location:	Bella Vista Bentonville Fayetteville Rogers Springdale
Web sites:	NWA Real Estate

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About Me

I am committed to finding you the perfect home. I am a CRA, Certified Relocation Associate, and can assist with everything required for your relocation to Northwest Arkansas. I can send you information on schools, local government, and entertainment choices and coordinate everything from your moving company to having your electricity turned on. I have expert knowledge of the Northwest Arkansas market having lived here since 1988. I have built homes here and know a well built home when I see one. Looking for a Repossession or REO property? Give me a call or send me and email with your criteria and I will send you some choices. If you are looking for a buyers agent who will truly represent your best interest please contact me today.

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On a foreclosure, can you get off contract if there is problem with the house?

Asked Fri Jul 11 2008, 21:05 by Tony - Elk Grove - Foreclosure - 12 answers

Jim Long answered:

I am sure that each State has different Laws pertaining to this but generally the bank will give you a certain amount of time after your offer is accepted to perform these inspections with the utilities turned on. I know that HUD does this with their homes. I would recommend that you hire a professional to do an inspection. In our area we write the contract contingent on passing inspection with Zero dollars for repairs. If you are not satisfied with the Inspection your deposit is refunded. If you are satisfied you agree to purchase the home ‘as is”. - Wed Jul 16 2008, 09:03

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