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Updated almost 8 years ago on . Most recent reply
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What does "15K as-is with repairs" mean
Good morning,
I am purchasing a REO property as is. But the inspections came back with a lot of issues. So I thought why not ask the bank for some concessions. I asked for 15K and got it. What I don't understand is, the with repairs part. Does it mean that they will make the repairs? The addendum they sent reads:
"Seller approved a credit of 15K for buyer to take property as-is with repairs".
Can anyone clarify this please.
Thank you..........