With hud unless you're an owner occupant you will probably lose your earnest money if you back out due to inspection issues.

You should compare this cost to what you will lose if you renig on the deal at the closing...I would say this is not worth panicking about...If the analysis you did pre-bid was good (cash flow positive !!!)

( here is how good transactions go down)  Most win and some lose its a investment and most can be controlled if you follow the correct processes ...  

I was thinking of selling the second one and discovered that getting out is not as easy without losing money as purchasing since I purchased it at close to market. 

One issue is losing my 2.99APR if I go through a traditional refi.

Nobody likes losing money.

Hi Devin,Of course there is a catch... no matter who says what, the system will cost money and so will the installation and someone has to pay of it... either up front, during a period of time or at the end.If you are not paying for it up front then when you turn around to sell the house the buyer will have to pay for it and this has caused a lot of buyers to lose interest.

No way the bank can lose on this one.

So yes, if you were to fail to purchase the property, you would lose $100.Although, not really...

Otherwise send them a letter asking for an explanation of the excessive charges.