Asked by Thom, Norfolk, VA • Sat Sep 4, 2010
I have a contract on a home that is a short sale. The home inspection shows a couple of holes in the roof flashing and water stains in a couple of rooms. The house has been vacant for about a year. I'm concerned about mold and water damage behind the walls. I'm considering walking away from the deal, my wife no longer is interested in the house because we've had water issues in our current home and do not wish to have to deal with them. We understand the bank will not do any repairs of the property and we will be responsible for the any repairs. If we ask to renegotiate the price of the home, we have no idea how much of a discount we should ask if we should decide to pursue this home. Thoughts???
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