Reply
Contributor
Posts: 81
Registered: ‎05-18-2012
0

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
0

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,
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.