!!! Need support :(
03-20-2012 06:30 PM
I have had one of those days myself, please dont feel like you are alone. I put an offer on a foreclosure in which I fell in love with the shell not noticing the flaws we call repairs would be so costly. The Seller offered 7000 for repairs but the appraisal required 17000 in repairs in which I couldnt roll the cost into the loan. I had to walk away but it doesnt hurt so much because in the long run it would of probably cost me much more. Today I got right back in the sattle on another foreclosure but this time I looked at the comps in the area and the tax assessment to see what it could appraise for. I am not an inspector but I looked at every aspect of the house to see if there would be any great issues once inspection and appraisal hits, before I get that far I will walk away. But I am a little jittery, can you blame me?
Fako October 2012: TU 706, EX 641,