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Wisconsin Real Estate Q&A Discussion Forum
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Updated about 6 years ago on . Most recent reply

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Dawn Archer
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Property buyers lender wants a building burnt before committing

Dawn Archer
Posted

We are selling a cabin in Wisconsin however the buyers lender said they want an old abandoned cabin burned before committing to their loan.  The county has not condemned or deemed this old cabin on property as a hazard but the buyer's realtor insists the cabin be burned to satisfy the lender.  We are not paying for it to be taken down but concerned they will try to force us to pay to bury the remains of the cabin at our expense.  We did not agree to this and even explained we would not cover that when showing the property.  The buyer's realtor has initiated the process with the local FD to burn the cabin but I am concerned that there will be additional road blocks if there are items that remain in the rubble that need to be buried that will cause issues with the buyer's lender.  Any thoughts and feedback on this would be greatly appreciated.  We are not in a position to incur any additional costs nor did we agree to paying for the removal of the cabin in any contract etc.  Just want some thoughts from people on this situation.  If the cabin is burned down and the lender still has an issue with the remaining rubble not being buried what implications might we face.  Just want to know what possible issues will be present.

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18
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Amy Roberts
  • Investor
  • Warrens, WI
6
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18
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Amy Roberts
  • Investor
  • Warrens, WI
Replied

Is any of the wood reclaimable?  You may be able to find someone willing to take it down and clean it up in exchange for the timbers/wood?  Maybe even pay you to boot ....

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