Assuming violations as an FHA buyer

[Tom Kuhen]

I'm looking at a HUD property in Cleveland, Ohio that would be a live-in flip, which has a few violations. Some are related to FHA requirements, some are related to the city's POS requirements. HUD says properties are sold as-is, but as an FHA buyer, I can't assume these violations. It is currently listed as FHA insurable though. How would that work out, would HUD set money into an escrow account to cover those expenses, or would they just cancel the deal? Also, if all the utilities are off, how would an FHA appraiser complete his inspection?

Any and all help is appreciated.

Thank you,

Tom Kuhen

[Gwen Fyfe]

Hey Tom, I'm piggybacking on this thread because I'm interested in the same question. :)

I think maybe the answer is to get a FHA 203k loan? But hopefully someone more knowledgeable can help us out.