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So your friend who is a CONTRACTOR and NOT a first time homebuyer buys an ABANDONED RURAL FARM home without getting any inspections and both you and he want to blame someone other than your friend for the property’s shortcomings? What a joke.
So your friend who is a CONTRACTOR and NOT a first time homebuyer buys an ABANDONED RURAL FARM home without getting any inspections and both you and he want to blame someone other than your friend for the property’s shortcomings? What a joke.
That's exactly what I was thinking. What happened to buyer beware?
Does your friend believe someone else will pay to upgrade and repair all these items?
Doubt the seller's have liability. It's typical in most states that an estate sale carries zero responsibility for disclosures for the obvious reason that the person who would know is dead. There's also the logistical problem that the estate is closed by a judge so most likely the "seller" doesn't legally exist anymore. Part of the closure process is resolving any claims against the estate. There isn't anything to get a judgement against.
"Home buyers would be wise to have a complete "regular" home inspection separate from the "health-and-safety" inspection conducted by the FHA appraiser. HUD actually encourages this. All borrowers who use this program have to sign a disclosure that says, "I understand the importance of getting an independent home inspection. I have thought about this before I signed a contract with the seller for a home."
To clarify: HUD requires an appraisal (with a built-in health-and-safety inspection). They do not require a regular home inspection -- but they strongly encourage it. This is a source of common confusion among buyers and sellers alike."
When we bought our 26 year old luxury home, we required seller have septic tank pumped, and system to be inspected by a remote camera looking for problems. None. The type of thing we had done every home we bought or sold for our investor clients from 1972 until I retired, working as an investment RE broker.
Any decent contractor as a professional would have known to have system pumped and checked before closing. Has no one to blame but himself. Appraiser would have used plans on file with county to determine distance between septic and well.
There is no one but the new owner to blame, or sue.
The actions of the contractor when purchasing an abandoned property tell me one thing, I would never hire him to do a job for me. And I hired many contractors to repair and build any thing from single family homes to commercial buildings for my clients, and only used reliable ones, not ones to make the mistakes this one did.
The FHA appraiser is there to protect the FHA. The bank has no risk on the loan, the FHA covers their loss. Your friend has his own problems.
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