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110
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35
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Igor S.
Pro Member
  • Rental Property Investor
  • Charlotte, NC
35
Votes |
110
Posts

REO property - bank not complying

Igor S.
Pro Member
  • Rental Property Investor
  • Charlotte, NC
Posted Jan 16 2013, 13:33

Has anyone had any experience purchasing a bank owned property where the bank will not cooperate with turning on utilities?

This is a new deal and the bank has accepted my offer, but is not willing to turn on the water because they are selling "as-is". From my experience the appraiser still needs to see water running in order to secure financing. My worry is frozen pipes, but there would be no way to check without getting the water on and then re-winterizing.

Thoughts?

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