HUD Homestore Accepted Our Bid - Now What?
Hi Everyone - I was notified today that HUD accepted our bid. When we looked at the property, it was clearly winterized and documented as such. I noticed the pipes were intentionally disconnected at the meter and other low point to allow the water to be properly drained when winterized.
The property disclosure states 'Water failed pressure test' as I've seen on most of them. Does this mean that it legitimately has leaks or is that a boiler plate they put on for winterized properties since they can't actually turn the water on? Our lender says we need the utilities on for the appraisal, so this could pose problems... anyone know the best way to approach this?