We are looking at a foreclosed house listed for 1 mil. Fixed up, it is easily worth 1.2-1.3. The problem is that there is structural damage outside the house which is probably... (more)
putting off a lot of buyers. SO the bank decided to fix it. We saw the house when it was undergoing repairs and realized they were fixing it cheaply and that the house would be damaged again in a few months. We lowballed the bank based on repair costs and they rejected it. We know the problems with the house, which is being sold as-is, but some other person will come along and not really realize the problems in the house. They probably won't even be evident to an inspector. Is there any way I can report the bank or the realtors for their unethical behavior?
posted February 8th, 2012 at 10:45am in Toddler
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- go away 2-8-2012 10:45am
- you're just ticked off they rejected your offer 2-8-2012 10:46am
- No, I am ticked off that they are trying to pass these repairs off like the house is ok when we know it is not! 2-8-2012 10:46am
- okay, sure. 2-8-2012 10:47am
- oh please. not your problem. 2-8-2012 10:47am
- How do you know for sure the repairs won't hold over time? Are you a construction worker? What is your expertise in this matter? 2-8-2012 10:52am
- No, I am ticked off that they are trying to pass these repairs off like the house is ok when we know it is not! 2-8-2012 10:46am
- dont buy a house with structural issues. ever. 2-8-2012 10:46am
- It has to do with the pool and patio. It is not a big deal. Can def be fixed. But needs to be fixed the right way 2-8-2012 10:46am
- so then you do it. 2-8-2012 10:47am
- Well I want to. But not for the price the bank is asking. it is too high with the cost of repairs 2-8-2012 10:48am
- so then you do it. 2-8-2012 10:47am
- Ridiculous. All old houses in my area need foundation repair eventually. 10K at the most. It's not a big deal. 2-8-2012 10:49am
- It has to do with the pool and patio. It is not a big deal. Can def be fixed. But needs to be fixed the right way 2-8-2012 10:46am
- can't the same be said for any repair? why don't you go around town and inspect work that is being done? 2-8-2012 10:46am
- no, leave it alone 2-8-2012 10:46am
- Maybe they are just winterizing, not repairing? Hard to tell from what you describe. 2-8-2012 10:46am
- the columns outside and patio fell through because there should have been concrete underneath. they fixed it like it was before (without concrete) so the patio and columns will...(more) 2-8-2012 10:47am
- so how will that not be evident to an inspector 2-8-2012 10:48am
- I am not sure how they would know there is no concrete and molding of wood beneath patio. But then again, I am not inspector 2-8-2012 10:49am
- sounds like you should be. how would someone know this in ANY house? maybe you should start an XRay patio company 2-8-2012 10:50am +1 like
- I am not sure how they would know there is no concrete and molding of wood beneath patio. But then again, I am not inspector 2-8-2012 10:49am
- You could make a higher bid? 2-8-2012 10:49am
- so how will that not be evident to an inspector 2-8-2012 10:48am
- the columns outside and patio fell through because there should have been concrete underneath. they fixed it like it was before (without concrete) so the patio and columns will...(more) 2-8-2012 10:47am
- that ;s why it's called AS IS> buyer beware 2-8-2012 10:46am +1 like
- I would try. Good for you 2-8-2012 10:47am
- I have to believe if its' evident to you, it will be evident to an inspector. And it doesn't matter b/c it's "as is". 2-8-2012 10:47am +2 likes
- no, only she and her DH see it 2-8-2012 10:47am
- with magical glasses. 2-8-2012 10:48am +1 like
- We saw the house in its damaged state. 2-8-2012 10:48am
- ^It will be fixed today. "Fixed" 2-8-2012 10:48am
- Do you know anything about home construction? really? 2-8-2012 10:49am
- No, but my dad does. And we hired a structural engineer 2-8-2012 10:49am
- daddy 2-8-2012 10:50am
- No, a different person 2-8-2012 10:51am
- So your dad came out and did an inspection already? And structural engineer is not a shoring guy. You need a shoring guy. 2-8-2012 10:51am
- daddy 2-8-2012 10:50am
- No, but my dad does. And we hired a structural engineer 2-8-2012 10:49am
- no, only she and her DH see it 2-8-2012 10:47am
- don't buy the house - problem solved 2-8-2012 10:47am +2 likes
- lol - why do you think you would know more than a shoring guy? 2-8-2012 10:48am
- Simple: send a fax to the listing broker and the bank that notifies them that you rejected the home based on shoddy repairwork. They are legally required to report this stuff to a...(more) 2-8-2012 10:50am +2 likes
- thank you! 2-8-2012 10:51am
- Now that makes sense! And you can provide them with your engineers report, which they will also have to disclose. 2-8-2012 10:53am