Asked by Diamondshark_dj, Coldwater, MS • Sun Aug 23, 2009
I am under contract to purchase a fannie mae home. I signed the contract and was planning on using taylor, bean and whitaker for the lender. They went out of business, so I had no lender. I did not get the inspection done during the 10-day period - I was not able to find a lender who would work with me (NO credit score) before that period was over. We have since done a home inspection and have found some items related to the safety and livability of the home, but the listing agent is telling me the only way to even find out if they will fix these (lender required) repairs, is to pay for an appraisal with these items on the appraisal. This doesn't sound right to me. I don't think a buyer should have to pay for an appraisal just to see if fannie mae will do the repairs. The problems are no working heat or a/c, breaker/fuse panel issue, small roofing issue at the masthead, and minor cosmetic water damage to some of wood siding. We plan on using USDA RDA loan for financing.
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