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Updated almost 11 years ago on . Most recent reply

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87
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Matt Overbee
  • Residential Real Estate Broker
  • Antioch, IL
34
Votes |
87
Posts

Any mortgage providers that will not require water to be on to appraise?

Matt Overbee
  • Residential Real Estate Broker
  • Antioch, IL
Posted

Hi,

I'm interested in purchasing a property on Hubzu (I'm aware of the many challenges of dealing with them).

The property I'm targeting is an auction that will also accept conventional financing. The trouble I'm having is getting a loan if the water won't be turned on for the appraisal.

Is anyone familiar with conventional lenders that will accept an appraisal that will be done with the water off?

Thanks in advance for any suggestions.

Most Popular Reply

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24
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2
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Ray Tower
  • Investor
  • North Brookfield, MA
2
Votes |
24
Posts
Ray Tower
  • Investor
  • North Brookfield, MA
Replied

Hi Matt. You have a couple choices one would be the air test if your lender will accept it. The other is to pay to have the water turned on yourself and turned off at the conclusion of the test if HUBZU will allow that. That's been my experience anyway.

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