If Im trying to purchase a home ut the bank will not lend unless repairs are made to property what rights do I have if the seller does not allow me to make them?
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If Im trying to purchase a home ut the bank will not lend unless repairs are made to property what rights do I have if the seller does not allow me to make them?
The bank will not lend money until the carport and patio enclosure are detached from the structure because it has an adverse effect to the structural integrity to the home. I am willing to fix the issue but the seller is not being very cooperative. What legal rights do I have if she does not allow me to make the corrections that have to be made in order for the lender to approve the property for the loan?
Asked on June 19, 2012 under Real Estate Law, Florida
Answers:
Ron Moore / Ron L. Moore, P.A.
Answered 11 years ago | Contributor
Depends on if you have already entered into an offer to purchase contract with the seller and whether this issue was addressed, eg. "sold as is". Is there a realtor involved? If so, I would suggest you let them run interference for you on this issue. You may also have an "out" depending on the terms of the offer/purchase agreement and of course you may want to talk to another lender.
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