The property could not be properly insulated, the heater could not be functioning properly, the heat run size could be inadequate to some or all of the rooms.Really the landlord needs to have a heat guy come out and see why the property is not maintaining temp and what it would cost to fix it??

You can bet your last dollar large REITS, banks and hedge funds are doing this.

@Amy Meza Your best bet is to fund several deals, earn while you learn.

1 comp in the area with the lot size of 2500 sq. ft is for sale for $83500 and another comp with 2750 sq ft is for sale for $69900.

A lot of voice is given to the "don't bet on appreciation" idea here on BP, and I think 95% of the time that's good advice.

They come in various sizes and allow a strong fix with minimal mud and dry time.

.@ David- The property lot size is ~14000sqft.

Scott, just noticed you're in Michigan as well, it's a typical bungalow here, the master is smaller sized and the closet will be basically sacrificed for the bathroom, maybe what would be left are shelves and I could provide some of those hanging racks for clothing storage

All are the units the same mix and size??

It might be cheaper than arguing and paying the attorney additional fees, holding up settlement and fighting over it.I'll bet the contract and norm is to transfer marketable title, insured title, unless stipulated in the contract, if this is a last minute issue I'd guess it's just the attorney, seeing if he can get away with it in representing his client.There is also another issue so far as financing, if your friend is obtaining a loan the lender will require a GWD being insurable as well, exceptions are made for institutional lenders selling as the property is sold by a corporate body arising out of a foreclosure, a different issue than buying from an individual.Make it a lending requirement for settlement and that SWD may go away.But, ask, are there any exceptions being made and why?