Emergency - Vandalism 1 day before closing

[Kimberly H.]

Fannie Mae house set to close tomorrow and the final walk through discovered all copper pipes have been removed. I want the house, but what do I do. 

I'm at a lost.....All utilities was on and functional during the appraisal. How should I handle this.

[Greg H.]

Did you do the walk through with you agent ? Have you agent call the listing agent so they can notify the asset manager. 

I would delay the closing until I had an estimate for the repair as these can get expensive. Ask FNMA for a reduction in price do to the damage. This is compounded a little bit since you are getting a loan instead of paying cash .  It is probably going to take a couple of weeks of so to get sorted out but I would advise against closing without getting a clearer picture