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 about 5 years ago,

User Stats

28
Posts
13
Votes
Scott Braun
  • Rental Property Investor
  • Delaware
13
Votes |
28
Posts

Bank wont allow me to fix $20 repair to close. Suggestions?

Scott Braun
  • Rental Property Investor
  • Delaware
Posted

I'm about 10 days away from closing on a property purchased off hubzu. The appraisal came back today and due to safety concerns there are two items that need repairs. Both are very easy fixes: vinyl floor is peeling up and needs to be cut off/ripped up and the crawlspace exterior vent needs put back on.

Obviously these are easy fixes, however the seller (and hubzu) have already stated that they will not allow any repairs. Has anybody ran into a similar situation or have suggestions for resolving this?

The solutions I have so far:

Option one: Calling and talking to the bank myself to explain how quickly this can be resolved and hope they will grant me written permission to make the repairs.

Option two: Make these repairs on my own, then play dumb like I have no idea how it happened. (obviously this is against the contract and should be avoided if possible).

Thanks in advance for the help!

Loading replies...