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Michael Klaus
  • Chicago, IL
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property repairs during shortsale

Michael Klaus
  • Chicago, IL
Posted

Hi!

I am pretty new to this, so sorry for silly questions. I am waiting for an approval from bank to purchase a shortsale. We know that the property will need some repairs, I hope, not huge though. We didn't have a professional inspection but I would say, It could cost us probably 10-20K to fix, while the purchase price is in 150-200K range. Is there any way to negotiate those repairs with the bank somehow or ask the bank or the seller to have them fixed before closing? 

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