I'm currently buying a house on contract here in Indiana from someone, and 4 months into the purchase, we're getting nickel and dimed to death on repairs (new plumbing for clogged drains, hot water heater going out, etc.).
Is it my responsibility to pay for a new hot water heater (around $1500) for our house, or do I have some recourse so that the actual owner pays for it?
We had no warranty, or anything, so I assume it's up to me to do it since we're buying the house, but thought I'd ask for feedback from anyone willing to help.
Money's tight right now with 2 house pmts and Christmas for 4 kids, so this couldn't have happened at a worse time for us.
Thanks in advance for any help you can provide.
Andy in Indiana