Asked by Looking4ahome, Denver, CO • Tue Apr 14, 2009
real estate agent. Initially we wanted to get FHA financing with a type of FHA title 1 type loan because the home needed a lot of work. The bank refused the offer if we had FHA financing (even though the property could be sold sub-par with the caveat we couldn't move in until the repairs were made). We found conventional financing instead. Now we had the appraisal done and there is mold in a bedroom on some of the drywall from the roof leaking. With the house as is we can not get financing. We offered the real estate company to hire a licensed contractor to take out the moldy drywall and replace it before our closing but the real estate company who listed the home has refused. Don't I have any rights in this situation?? I don't understand why they are making it so hard to purchase this home!! Anyone have suggestions??
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