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Updated almost 14 years ago on . Most recent reply

Shital Thakkar's profile image
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Shital Thakkar
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  • from Dallas, TX
  • Member since Aug 26, 2010
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Shital Thakkar's profile image
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Shital Thakkar
  • Specialist
  • from Dallas, TX
  • Member since Aug 26, 2010
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Shital Thakkar
  • Specialist
  • Dallas, TX
252
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Real Estate Deal Analysis & Advice

Property damage before closing

Shital Thakkar
  • Specialist
  • Dallas, TX
Posted

Hi,

I am in the process of closing one single family property and during short sell process (3 month) Roof of the Property damaged because of the storm. Who need to repair that damage..? bank or short sell person, how to proceed with this kind of scenario..? I am in 12 days inspection period...

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Jeffrey K.
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  • from Milwaukee, Wisconsin
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Jeffrey K.
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  • from Milwaukee, Wisconsin
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Jeffrey K.
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Jeffrey K.
  • Real Estate Investor
  • Milwaukee, WI
Replied

The bank is not involved other than to say okay to payout on closing. It would be the seller or you would have to change the price because of damage and get bank to okay it.

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