If there were issues arising from excessive damages, such as a borrower rehabbing and destroying the collateral, that is another matter for civil courts to assess consequential damages.That leaves seller financed transactions to be assessed, to the financial side.Dodd-Frank, the SAFE Act and all other underwriting guidelines fail to address the ownership of the note as an asset, much has to do with servicing and reporting requirements, but aspects of asset valuation are totally ignored.

It is hundreds, maybe thousands of dollars in damage.

The frame was damaged as well as the trim.

To clarify, I will be replacing the boards that need to be replaced due to damage.

If you don't, then you can be held liable and be made to pay for damages.

Those properties have mold and water damage.

When there is a future need for a tenant to pay a late fee, a lease violation fee, a legal notice fee, or pay for damages while they are still a tenant, then the pre-paid account is tapped first and the tenant invoiced for the remainder.

The goal is to calculate if it is possible for the tenant to be able to pay your rent on time and keep up with the utilities and to pay for damages if they occur.

The only reasons for a cash only deal that I'm aware of are if the price is too low for a mortgage (under $25,000 or so around here), or if the damage to the property is so excesive that the bank won't secure a mortgage on the property.

I bought my own homes a couple times and helped many friends, so not an expert, but here are my thoughts:1- Bad move on removing the contingencies before the termite damage came through.2- Redfin has a pricing tool to help estimate the cost of the home, she should have used it3- RE agents are not good in general at negotiating down the price.