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Updated over 10 years ago on . Most recent reply

User Stats

42
Posts
10
Votes
Wendy Forbes
  • Chelsea, VT
10
Votes |
42
Posts

Abbreviated Inspection Period on Foreclosure

Wendy Forbes
  • Chelsea, VT
Posted

I'm in the process of negotiating with the foreclosure bank through my realtor. I plan to fix the house up and flip it. The bank's most recent offer reduced the original 10 day inspection period to 3 days. I think I can get the home inspector and several of the contractors I am likely to use to give me an idea of issues and costs in that timeframe. However, should I be concerned that there is something seriously wrong with this house if the bank wants such a short inspection period?

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