A faucet has also needed replacement, though that was due to a defective design and Home Depot replaced it under warranty.

Most first time homebuyers (of which most HUD buyers likely are) are going to get FHA loans for their purchase.In order for a house to qualify for an FHA loan, it needs to pass inspection and essentially be move-in ready.Even a missing stove or fridge will disqualify a house for FHA funding, so most owner occupants will have to pass on houses wi just these small types of defects.

Documentation required Every home inspector shall provide to the person on whose behalf a home or single-family dwelling is being inspected a written document specifying: (1) The scope of the inspection, including those structural elements, systems, and subsystems to be inspected; (2) That the inspection is a visual inspection; and (3) That the home inspector will notify in writing the person on whose behalf such inspection is being made of any defects noted during the inspection, along with any recommendation that certain experts be retained to determine the extent and corrective action necessary for such defects.HISTORY: Code 1981, § 8-3-331, enacted by Ga.

While a bank makes the claim and discloses that they have not knowledge of defects, I have seen individuals do the same thing and lost out, as it usually boils down to what is reasonable for that seller to know.

So basically, it's up to your own due diligence to determine if there is an issue with the basement flooding out and any issues (i.e. mold, especially in the drywall) caused by the flood, as well as any other defects in the property that would influence your decision to purchase.

As you should already realize, “as-is†means just that, as it is, no fixes or re-negotiating price due to any defects later found in the property.

The inspections revealed 2 major hidden defects.

For example, sometimes the contract included the provision that the vendor indemnify from liability for any latent defects.

Are these houses on W&W free from any defects or clouds on the title?

If the water heater was defective, you should have either fixed it or replaced it.