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Rehabbing & House Flipping

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Mike Nelson
  • Investor
  • Miami, FL
5
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136
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Swimming pool FINAL inspection NEVER closed, HUD home UGH!

Mike Nelson
  • Investor
  • Miami, FL
Posted Apr 22 2015, 12:59

I am in the process of buying a HUD home, and the title company informed me that the house I am buying never had the Final inspection closed on the swimming pool and it has been expired for 20 years. The house was built in '95. Beings this is a HUD home Im certain HUD is not going to rectify this. So has anyone dealt with this issue before? Is it too risky going forward and having the building dept. possibly destroy me financially? Im under the impression I will have to reopen the permit, and beings the building codes have probably changed who knows what Im in for. The other inpections during construction phase were complete and signed off on (rebar, excavation), but the final never was. Also, if HUD cant close on their end do they ever refund the EMD or do they keep it because I had to sign their EMD Forfeiture addendum?

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