It sounds like he wants 3 wire outlets. If so that would mean a complete re-wiring of the whole house. He may also have problems with the kind of wire in the house. Some of the older wiring had insulation that has proved to break down and has caused many barn and house fires.
The problem with 2 wire outlets is this: If you end up with a short someone could get electrocuted. The 3 wire came about so excess electricity could pass harmlessly to ground through the third wire. Is there an actual ground wire going from the house into a stake driven into the ground? Maybe that is what he wants to see.
Talk to your town code enforcement officer. Ask him what the house needs to be legal. If he is ok with it then you may be able to show that in writing to the inspector. Did you get the electricians reply in writing? Show it to the inspector also. At that point you may get the same response, you may get a different one.
One last thing, a house that old could easily have lead paint and asbestos in it. Be sure to have it tested for those if you choose this place. Good luck.... more
Hello Kaemae, I am not a mortgage underwriter so I can only give you my two cents worth! If you are working with a Realtor, your Realtor should contact the company for whom the underwriter works for more information. Perhaps that underwriter is mistaken about something. I know they are all shy about mortgages right now but I just read where Freddie Mac was telling the banks to use local appraisers and to not use foreclosures to appraise unless that is all that is on the market in an area. So maybe the underwriter is unfamiliar with this kind of home too. You won't know until you ask. My only guess about the paint is that if it is peeling, it could contain lead which would poison anyone who injested it (intentional like kids do or accidental like through the air). The tin roof? Can't even guess at that one. It sounds though like you have some bargaining power with the seller. If your underwriter won't approve because of these issues, then they probably won't be able to get it underwritten through any bank. Go back to the seller and discuss. Maybe they'll fix everything that needs fixing and then the underwriter could approve it. Probably will need another inspection to ensure those things are corrected though. Good luck on this one! All my best! Cher... more