- This topic has 65 replies, 6 voices, and was last updated 17 years, 7 months ago by
dharmagirl.
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April 13, 2008 at 6:44 PM #12419April 13, 2008 at 7:45 PM #186303
alarmclock
ParticipantIf you have not priced mold remediation into your offer then you should not be doing this. Also, entering into a contract with the intention of breaking it if things don’t go your way, then posting the plan in a public forum might be considered fraud. If not, at least it won’t be looked upon kindly by piggs that are angry with the current flipper bailout plan(s).
April 13, 2008 at 7:45 PM #186319ParticipantIf you have not priced mold remediation into your offer then you should not be doing this. Also, entering into a contract with the intention of breaking it if things don’t go your way, then posting the plan in a public forum might be considered fraud. If not, at least it won’t be looked upon kindly by piggs that are angry with the current flipper bailout plan(s).
April 13, 2008 at 7:45 PM #186349ParticipantIf you have not priced mold remediation into your offer then you should not be doing this. Also, entering into a contract with the intention of breaking it if things don’t go your way, then posting the plan in a public forum might be considered fraud. If not, at least it won’t be looked upon kindly by piggs that are angry with the current flipper bailout plan(s).
April 13, 2008 at 7:45 PM #186357ParticipantIf you have not priced mold remediation into your offer then you should not be doing this. Also, entering into a contract with the intention of breaking it if things don’t go your way, then posting the plan in a public forum might be considered fraud. If not, at least it won’t be looked upon kindly by piggs that are angry with the current flipper bailout plan(s).
April 13, 2008 at 7:45 PM #186362ParticipantIf you have not priced mold remediation into your offer then you should not be doing this. Also, entering into a contract with the intention of breaking it if things don’t go your way, then posting the plan in a public forum might be considered fraud. If not, at least it won’t be looked upon kindly by piggs that are angry with the current flipper bailout plan(s).
April 13, 2008 at 8:24 PM #186353dharmagirl
ParticipantI’m not sure where you are getting “fraud” out of my post. Sheeeessh.
My understanding is that a home inspection is done during the ‘contingency’ period of escrow and if something really HAIRY turns up (like an irreparable mold issue), a buyer may change their mind about the home purchase.
What in the world is “fraudulent” about THAT? Frankly, I’m offended that you would even suggest it.
I’m simply trying to do my homework on a major purchase.
My husband and I have both been responsible home owners for years, have a downpayment ready, and no plans to default on loans or do anything crafty.
April 13, 2008 at 8:24 PM #186369ParticipantI’m not sure where you are getting “fraud” out of my post. Sheeeessh.
My understanding is that a home inspection is done during the ‘contingency’ period of escrow and if something really HAIRY turns up (like an irreparable mold issue), a buyer may change their mind about the home purchase.
What in the world is “fraudulent” about THAT? Frankly, I’m offended that you would even suggest it.
I’m simply trying to do my homework on a major purchase.
My husband and I have both been responsible home owners for years, have a downpayment ready, and no plans to default on loans or do anything crafty.
April 13, 2008 at 8:24 PM #186400ParticipantI’m not sure where you are getting “fraud” out of my post. Sheeeessh.
My understanding is that a home inspection is done during the ‘contingency’ period of escrow and if something really HAIRY turns up (like an irreparable mold issue), a buyer may change their mind about the home purchase.
What in the world is “fraudulent” about THAT? Frankly, I’m offended that you would even suggest it.
I’m simply trying to do my homework on a major purchase.
My husband and I have both been responsible home owners for years, have a downpayment ready, and no plans to default on loans or do anything crafty.
April 13, 2008 at 8:24 PM #186408ParticipantI’m not sure where you are getting “fraud” out of my post. Sheeeessh.
My understanding is that a home inspection is done during the ‘contingency’ period of escrow and if something really HAIRY turns up (like an irreparable mold issue), a buyer may change their mind about the home purchase.
What in the world is “fraudulent” about THAT? Frankly, I’m offended that you would even suggest it.
I’m simply trying to do my homework on a major purchase.
My husband and I have both been responsible home owners for years, have a downpayment ready, and no plans to default on loans or do anything crafty.
April 13, 2008 at 8:24 PM #186413ParticipantI’m not sure where you are getting “fraud” out of my post. Sheeeessh.
My understanding is that a home inspection is done during the ‘contingency’ period of escrow and if something really HAIRY turns up (like an irreparable mold issue), a buyer may change their mind about the home purchase.
What in the world is “fraudulent” about THAT? Frankly, I’m offended that you would even suggest it.
I’m simply trying to do my homework on a major purchase.
My husband and I have both been responsible home owners for years, have a downpayment ready, and no plans to default on loans or do anything crafty.
April 13, 2008 at 9:12 PM #186419NotCranky
ParticipantI don’t see amy fraud either, worst thing possible is a little buyer’s remorse and if you don’t have that too bad.Some people don’t recommend these deals for novices but I don’t see any problem. Use your right for an inspection thoroughly. I wouldn’t lose a minutes sleep over the mold disclosure unless the house is sitting in a swamp and you notice the smell and dampness.There are other ways to have mold issues but they are reparable. The mold deal is overblown.
You can pull up the carpet around the edges if the seller hasn’t taken it out already.Check for cracks and investigate if you find them. Many slabs have benign cracks as concrete shrinks 1/16″ per 10 feet curing. Hire a separate roof inspector if the regular inspector won’t go up there. If you get bad news that you don’t understand get another roofer’s opinion to go with the first one in case the first one is just trying to make work.
Good luck.
April 13, 2008 at 9:12 PM #186439ParticipantI don’t see amy fraud either, worst thing possible is a little buyer’s remorse and if you don’t have that too bad.Some people don’t recommend these deals for novices but I don’t see any problem. Use your right for an inspection thoroughly. I wouldn’t lose a minutes sleep over the mold disclosure unless the house is sitting in a swamp and you notice the smell and dampness.There are other ways to have mold issues but they are reparable. The mold deal is overblown.
You can pull up the carpet around the edges if the seller hasn’t taken it out already.Check for cracks and investigate if you find them. Many slabs have benign cracks as concrete shrinks 1/16″ per 10 feet curing. Hire a separate roof inspector if the regular inspector won’t go up there. If you get bad news that you don’t understand get another roofer’s opinion to go with the first one in case the first one is just trying to make work.
Good luck.
April 13, 2008 at 9:12 PM #186471ParticipantI don’t see amy fraud either, worst thing possible is a little buyer’s remorse and if you don’t have that too bad.Some people don’t recommend these deals for novices but I don’t see any problem. Use your right for an inspection thoroughly. I wouldn’t lose a minutes sleep over the mold disclosure unless the house is sitting in a swamp and you notice the smell and dampness.There are other ways to have mold issues but they are reparable. The mold deal is overblown.
You can pull up the carpet around the edges if the seller hasn’t taken it out already.Check for cracks and investigate if you find them. Many slabs have benign cracks as concrete shrinks 1/16″ per 10 feet curing. Hire a separate roof inspector if the regular inspector won’t go up there. If you get bad news that you don’t understand get another roofer’s opinion to go with the first one in case the first one is just trying to make work.
Good luck.
April 13, 2008 at 9:12 PM #186476ParticipantI don’t see amy fraud either, worst thing possible is a little buyer’s remorse and if you don’t have that too bad.Some people don’t recommend these deals for novices but I don’t see any problem. Use your right for an inspection thoroughly. I wouldn’t lose a minutes sleep over the mold disclosure unless the house is sitting in a swamp and you notice the smell and dampness.There are other ways to have mold issues but they are reparable. The mold deal is overblown.
You can pull up the carpet around the edges if the seller hasn’t taken it out already.Check for cracks and investigate if you find them. Many slabs have benign cracks as concrete shrinks 1/16″ per 10 feet curing. Hire a separate roof inspector if the regular inspector won’t go up there. If you get bad news that you don’t understand get another roofer’s opinion to go with the first one in case the first one is just trying to make work.
Good luck.
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