Asked by maplemale, Aurora, CO • Mon Feb 4, 2013
This is an REO in Denver CO. I'm the buyer and we've already completed our inspection without de-winterizing. The house is as-is, so I didn't care if there were leaks. If I have to replace all the plumbing, that's not a deal breaker to me.
However, the lender is demanding I de-winterize the place for the appraisal. My question is, who's liable if the entire house floods? I'm fairly confident there will be leaks because they missed a sink during the winterization and it has water in the lines. I'm half expecting the basement (where the missed sink is) to flood in which case, i don't really want the house anymore. But, we are passed our inspection date. Regardless, if the de-winterization company floods the house, I'll want out and I don't care about my measly earest money. That's nothing compared to the $20k in damage they will do if they just turn everything on willy-nilly. Am I liable if that happens? ie. can Fannie Mae / remax (the seller/agent) come after me for damages?
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