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27
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Neil Patel
  • Investor
  • Roselle Park, NJ
13
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HUD Home Buying Inspection

Neil Patel
  • Investor
  • Roselle Park, NJ
Posted

Im in the process of buying a HUD home as an owner occupant cash purchase. The offer was accepted and after the home inspection and walk thru with my contractor we found major damage to the house's foundation in the basement. This was not listed in the original HUD inspection report. I know that HUD homes the seller will not make any repairs but was wondering if I get an engineer to take a look at the foundation and get an estimate for the repair if they would reduce the home price. I do not want to have an engineer come out and take a look at it if they will not be willing to lower the price of the home. Any suggestion or experiences by anyone else that purchased a HUD home.

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,512
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

@Michael Gayer Jr There is no inspection period on Non owner occupied(investor) purchases.  There Is on owner occupant.

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