What's the worst case scenario

[Brandon Malone]

Hi All,

I put a contract in on a property and have been informed by the agent that while electricity is on, the water will not be turned for the inspection, even if I offer to repay to have it turned on for inspection and off after. Need your help to determine the worst case scenario that could happen? Please include the cost of the worse case scenario if you know it. 

[Chris Mason]

Originally posted by @Brandon Malone:

Hi All,

I put a contract in on a property and have been informed by the agent that while electricity is on, the water will not be turned for the inspection, even if I offer to repay to have it turned on for inspection and off after. Need your help to determine the worst case scenario that could happen? Please include the cost of the worse case scenario if you know it. 

Assuming this isn't an REO, they are obviously hiding that the entire plumbing system, sewer lateral, etc, is busted, and the seller owes a zillion dollars to the local water utility company that has liens on the property, which is why when you inquire about title insurance the listing agent will come up with some BS reason why you can't get title insurance.

(I assume you aren't entertaining the fantasy that you're getting a normal mortgage on this place?)