[quote=sdrealtor]FYI, its a short sale and the seller is not the bank. The seller has the duty to disclose. If it turned into a foreclosure the bank would be exempt.
If you havent signed off on your inspection contingency you could get the deposit back.[/quote]
scaredy, I apologize for not remembering the details of your latest “purchase description” thread from last week. (I even responded to it, lol!) I’ve been kinda swamped lately and flying by the seat of my pants . . .
[quote-bearishgurl]. . . -If you will set up a permanent gazebo and/or stage for your wedding business, do NOT do so over any former or present leechfield, esp. if it is lower lying than the rest of the lot . . . view be damned! . . . [/quote]
If your lender selling short will NOT offer you or any other buyer ANY remediation at all for the septic/leachfield problem as per your professional’s report (or lower the price accordingly), then they will surely end up with the property and have to “remediate” all by themselves, IMO.
Which begs the following questions. Is the property still occupied by the sellers wanting to sell short, and, if so, did THEY disclose this problem to you in a TDS? If they DID NOT, then this is actionable, IMO. Moreover, how are THEY able to (successfully…lol) flush their toilets?? Did you try to walk through the property and flush the toilets, run water down the drains or run the garbage disposer or is the water turned off??? If the water is turned off, this is usually a HUGE RED FLAG!
If I were you, I’d want to know everything that this “remediation” entailed (or if it was not feasible) ASAP.
Home warranties would not typically cover this problem. Your agent sounds inexperienced and also like they are striving to make a commission at any cost. These kinds of agents are a dime a dozen.
