Weird bank conditon

[Daniela Bachvarova]

Hello everyone,

I am in the process of buying a multi-family in Fort Lauderdale, FL. It will be my first property in the USA. I decided to go with TD Bank for financing. Among all the regular requirements for documentation, TD Bank, after their appraisal, notified me of the following condition:

Final inspection prior to closing for ALL DAMAGED WALLS AND CEILINGS TO BE SCRAPED AND OR SANDED AS NEEDED AND THEN RE PAINTED. (Safety issue; paint may be toxic). Please notify your Mortgage Processor as soon as the property is complete, so we can order the inspection. The inspection must occur at least six (6) business days prior to your estimated closing date.

Satisfactory Roof Certification indicating roof is leak free and has a remaining economic life of at least two years.

Satisfactory Plumbing Certification indicating no plumbing leaks exist and the system is fully operation.

Satisfactory Inspection by a licensed professional to evidence there is no mold in dwelling.

From conversations with the listing agent of the seller, I assume that the seller probably will be unwilling to undergo any repairs (money issue). Since I do not own the property yet, I find it unacceptable to put in any money for repairs either. 

Based on the report of my inspector, I was about to lower the purchase price. However, now, with the bank's updated condition, I am not sure what to do. 

Has someone experienced a similar situation? 

Thanks in advance for the help!