Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago, 01/10/2015

User Stats

247
Posts
63
Votes
Vonetta Booker
  • Investor
  • Stamford, CT
63
Votes |
247
Posts

Bank & LA defensive over inspection...WTH???

Vonetta Booker
  • Investor
  • Stamford, CT
Posted

Quite the interesting REO experience I just had:

I put an offer in on a property last week w/ a 10 day inspection; the bank countered with "0 days" for one. Now, since this would be my first rehab, I'm not comfortable with foregoing an inspection at this stage (nor will my private lender lend w/out one).  

When we nicely explained the inspection would be needed to go forward with the purchase (or we'd simply move on, no harm/no foul), we got this looong email from the LA,  demanding to know why I was asking for inspection days, why I hadn't inspected prior to making an offer (as if I'd spend $$ to inspect a property I hadn't yet won a bid on!), utilities wouldn't be turned on, etc.  Mind you, nothing was stated in the listing about inspections not being allowed.  And I guess this guy never heard of structural inspections--which is what my inspector does for REOs w/ no utilities--just to make sure there's no structural stuff I was unaware of (including buried oil tanks, etc.--which I narrowly missed recently, thanks to said inspection!) Then again, this is an agent I found out later was charged a couple of years ago w/ theft from a rival, so I guess shady behavior is a thing....the defensiveness not only left me incredulous, but looking at the seller & LA w/ a crazy side-eye--something to hide, perhaps?

We (professionally, of course) told them to stick it where the sun don't shine, lol. 

But I just had to vent...since when does a seller get so bent out of shape because a buyer "dares" to ask for an inspection??? SMH...

Loading replies...