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Updated almost 5 years ago,
Bought a defected house need advise
I Bought a slab foundation house in Oakland county Michigan, a month after close discovered mold and water damage in kitchen & bathroom.
House value is about $150000 and mortgage is for $140000, doubt a investor would take it off my hands for $140000 but that’s why I’m asking.
I had a leak detection company into detect if it was aunder the slab pipe leaking but they did not find anything, I do not know if it’s flashing around the chimney or the fact that there are no gutters causing water to come in behind siding or flood over the foundation.
The dishwasher was leaking a ton of water so it could just be that not sure tho.
My question is, is there a way to walk away from the house without having to ruin my credit I have an excellent credit score, I don’t know if an investor will be able to take it off my hands or is there a way to give it back to the mortgage company without destroying credit?
Thanks for the any replies sorry for a longer post and I could really appreciate help if anyone knows of quality construction companies or water restoration companies in the Oakland county or metro Detroit Michigan area.