They usually want it to be "habitable", but don't usually care about the details.

But if you think they might manage SFRs, feel free to pass me the details and I will check with them.

No need to go through all the details to see they had the wrong number.Had it gone the other direction and they had sent you a check for $10,000, I have no doubt you would have accepted it."

Pay close attention to the details - open furnace closets, inspect the roof, look at the finishes and see if what you are looking at jives with what you are hearing.

Thank you for the detailed responses!

Here are the details of a deal I just completed.

If the contractor bids (say) $44,000... then you will have learned about the detailed bid and can walk away from the contract, since it is void based on the $26K stipulation.

Get more details, get an estimate of repairs, and then shop the deal around to see if you can't turn your $100 into a few grand.

I could go into more detail with numbers, cashflow projections, etc... if you wish.

The insurance company will comply.If insurance company is unknown, the lender should send a specific letter dated and to the borrower stating the situation in detail.