Advice on Homepath property repair!

1 Reply

Hi all - I have an interesting situation with my first Homepath property (a condo) and I am hoping to get some advice.  In the process of making an offer (but just prior to submitting!) we discovered that there is a major structural issue that was identified in 2009 and has not yet been fixed.  I am still interested in the property but given the scope of the repair, I'd like to get a couple of estimates from contractors first so I can factor them into my bid.  My concern is that during this process someone else might bid.  I am assuming that, given the parameters of Homepath, there is nothing I can do and no way to negotiate this into the contract, but I wanted to see what others thought.  Thanks!

Fannie Mae will make no repairs on a property...and are not very likely to negotiate after your inspection.