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Updated over 10 years ago,

User Stats

42
Posts
11
Votes
Andrew Grieb
  • Investor
  • Edmond, OK
11
Votes |
42
Posts

Who is responsible for Utilities during a Foreclosure Inspection?

Andrew Grieb
  • Investor
  • Edmond, OK
Posted

BP,

I am making an offer on an REO property and my Agent sent me and addendum stating the bank requires that the Buyer's agent be responsible for turning on the utilities during the property inspection and pay for the expense. The buyer then has to reimburse the agent for doing this. She says this is against her brokers policy and that her office will not be able to submit the offer if this is the case.

Does anyone have any guidance on this situation?

Thanks,

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