Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago on . Most recent reply

Failed Septic Property only being offered to Owner Occupants
Hello
A HUD owned property hit the market in my city offered only to owner occupants. the property was listed at 300k. I have an accepted offer of 275k.
The property has a cess pool and most likely will not pass a title v inspection.
I know most owner occupants in the area do not have 275k cash. I know banks will not give you financing if there is no title v.
I have a 14 day due diligence period where I am going to bring a contractor to the property to inspect the system and see what needs to be done to get the title v.
If this turns into 30k worth of work what what can I do?
thank you