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Updated over 4 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Mamdouh Mikhail
  • Rental Property Investor
  • Houston, TX
1
Votes |
9
Posts

FHA appraisal in Texas.

Mamdouh Mikhail
  • Rental Property Investor
  • Houston, TX
Posted

I'm in the process of buying a house in Texas using FHA loan. The foundation has a problem where the front of the house is sinking 2.5 inches, the seller agrees to reduce the price so I can use this money to fix it whenever I want. Question is, does the FHA, appraisal will measure the foundation? The house was remodeled 2 years ago, so no sign of cracks in the interior walls. You will see some cracks outside on the brick walls (exterior walls) but inside looks perfectly fine! Lastly, do I have to fix it before the appraisal or should I wait? Specially that if it gets fixed, there's a chance that some cracks appears on the interior walls sense it got back to it's original position?

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