Posts: 81
Registered: ‎05-18-2012

Inspection/Contract HELP!

I have a contract on a bank owned home where the inspection contingency expires today (day 10).  I have already paid the de-winterize fee to the seller to have the water turned on back on Oct 9th.  This particular city requires a Village Inspection to be done prior to them turning on the water, which is the sellers responsibility.  I still have no answer from the seller if the Village inspection was done or when I can have my inspection done.  My attorney has sent an addendum to extend the inspection contingency since they have not made the home available, but still no response.  Can the seller still hold me to the 10 day inspection contingency even though they have not made the house available to be inspected?  If I get an inspection done after the 10 day expires and something is wrong can I still get my earnest money back?  Or do I have to walk today since today is it for the contingency?  I know this is more for my lawyer, but I figure I would ask here in case someone has went thru anything similar.

Frequent Contributor
Posts: 305
Registered: ‎07-05-2011

Re: Inspection/Contract HELP!

Do you have a Realtor? Have anyone spoken with their listing agent?   The Contract should contain your requirements to make it binding that way you want forfeit you earnest money.

Fico September 2012; TU 681, EX 674, EQ 652
Fako October 2012: TU 706, EX 641,

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+