Asked by Red_as_copper, Butte, MT • Sat Dec 4, 2010
We have been under contract on a house that needs some repairs in order for us to get our FHA loan. The seller said they wouldn't fix anything or reduce the selling price. A 203k streamline loan was recommended to us, so we went that route. It sounded like a good idea at the time. Doesn't a seller have any responsibility to fix dangerous/safety conditions in a home like holes in wooden decks or missing railings? It seems like banks won't let you buy a fixer-upper any more, they want the work done now and by a contractor. They won't even let us do any repairs ourselves. Any advice because we are thinking about cutting our losses and walking away.
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