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Updated almost 11 years ago on . Most recent reply

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Sumpter Smartt
  • Oxford, MS
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HUD Foreclosure -- Pool Cover Removal?

Sumpter Smartt
  • Oxford, MS
Posted

I'm attempting to purchase a HUD foreclosure (as an OO) and it's got a nice sized a pool in the back. It's been winterized and covered with treated lumber, plastic (think garbage bags) and metal fencing sections. I would really like to get a pool guy out to look at the vinyl liner, but HUD's people at Prescient are stating they won't remove the cover.

Has anyone run into this predicament? I'm doing a 203k loan and supposedly all they need is something on a pool contractor's letterhead saying everything's in operational condition, or I guess a repair quote.

I talked to the guy who installed the pool and he said the liner's 2 years old but has been pretty neglected. He said he could get it replaced for $2500 tops, but that it probably doesn't need replacing.

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Mark Ferguson
  • Flipper/Rehabber
  • Greeley, CO
1,353
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Mark Ferguson
  • Flipper/Rehabber
  • Greeley, CO
Replied

@David Krulac that is my experience as well. If they let the buyers remove the pool cover then they have to rebuild it to make sure it is safe before closing.

@Ronnie Boyd the key is that the buyers already asked HUD if they could remove it and HUD said no.

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