Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 13 years ago on . Most recent reply

BofA owned REO Buying home needs major rehab
Inspected the REO, cosmetically it was cleaned up so everything looked great. Upon formal inspection for Home/Pest found unpermitted electrical/plumbing/foundation/HVAC work that is a section 1 safety/health problem.
Bank won't reduce price to meet rehab costs, looking to call county permit office and place permit violation liens on the property to see if bank sees them as more serious issues and reduce the price.
Most Popular Reply

Somehow, I don't think calling the county, getting the property liened, and pissing off the asset manager is going to get you what you want. Unless, of course, what you want is for that bank never to do business with you again.