COMMUNITY FORUM

Maya

07:41AM | 01/31/00
Member Since: 01/30/00
2 lifetime posts
Bvmisc
Found a great house in a great subdivision, which we would never be able to afford otherwise ... because it's condemmed.

Here's what the visual inspection condemmation letter states:

-Settling Foundation and Floors due to improper drainage around the foundation.
-Structural damage to the interior walls and roof
-Faulty sanitary plumbing stacks resulting in the deposit of liquid raw sewage into the lower level of the residence
-improper venting of the clothes dryer into the master bedroom

They are asking for $89,500 (their loan) the house in mint condition would be $125,000. Since it's condemmed they can't possibly hope for $89K ....

I was hoping to lowball them and use a FHA 203(k)loan for mortgage and repair.

My husband works for a builder .... has connections .... is this worth the trouble?

Thanks!

[This message has been edited by Maya (edited January 31, 2000).]

BobF

03:31AM | 02/01/00
Member Since: 10/19/98
223 lifetime posts
You are buying the lot. Get an estimate on shoring up the foundation. The rest of the house would have to be gutted and rebuilt from scratch. who knows what kind of insect infestation there is in those walls.

Maya

04:28AM | 02/01/00
Member Since: 01/30/00
2 lifetime posts
Thanks, Bob! Please don't hold back, how do you really feel??? ha ha ha ha

I guess that's a whole lot more than we were planning to do ....

It just seemed like a GREAT deal ... oh well. I do appreciate your comments though. Thanks!

Click_to_reply_button
Inspiration_banner

INSPIRATION GALLERY



Post a reply as Anonymous

Photo must be in JPG, GIF or PNG format and less than 5MB.

Reply_choose_button

Anonymous

Post_new_button or Login_button
Register

Greet your guests, indoors or out, with a ghostly garland. A strand of white lantern lights, some white cotton fabric, str... Filling an underutilized area beneath the stairs is a smart way to save space. Doing so with a stash of wood, however, is ... The Audubon Society inspired wallpaper in this Adirondack-styled entryway will get you in the outdoor mood. Grab your coat... Chalkboard paint opens up endless possibilities for customizing your dresser time and time again. Use chalk to label the c... A fireplace in the bathroom creates the ultimate setting for relaxation. Homeowners often choose electric or gas over wood... Yes, a freestanding garage can become its own tiny house. Artist Michelle de la Vega has all the comforts of a modern resi... There’s nothing like a new set of cabinet hardware to refresh a room. The possibilities are endless: Go modern, rustic, or... A kitchen in a greenhouse—who wouldn't enjoy spending time in this light-filled space? Details that enhance the conservato... Chalkboard paint features prominently in this elegant yet unpretentious headboard design. Add a new message daily to reflec... Twine lanterns add pops of crafty—but sophisticated—flair to any outdoor setting. Wrap glue-soaked twine around a balloon ... The indecisive homeowner need not fret over choosing one (or even two) cabinet colors. The kitchen cabinets in this artist... Incorporate nature into your lighting scheme by securing a dead tree in a concrete mold and draping your pendant lamp from... Simple and striking, a couple of pieces of "lovingly used" furniture creates a special kind of charm. A weathered chair fo... The Infinite Artisan Fire Bowl from Eldorado Outdoor is made from glass-fiber reinforced concrete, and offered in Oak Barr... The vibrant green of Granny Smith apples make a beautifully natural alternative to the traditional evergreen wreath. Brigh...
Follow_banner_a
Newsletter_icon Google_plus Facebook Twitter Pinterest Youtube Rss_icon
 
webapp1