I have a question that I think I know the answer too... I need to see if I am wrong or not. the lender is closed so I cant call them...
if I wanted to buy a home that had foundation issues that needed to be fixed before the lender can lend, am I able to get it under contract and use my own money to bring the place to code and then complete the purchase???
I have no idea if this is something that is commonly done I know things get escrowed for after but I am not sure about buyer spending money before ownership... I would imagine it can be done but buyers wouldn't like to risk spending money before they actually own something, I personally would be willing to risk it in this case.
if I wanted to buy a home that had foundation issues that needed to be fixed before the lender can lend, am I able to get it under contract and use my own money to bring the place to code and then complete the purchase???
I have no idea if this is something that is commonly done I know things get escrowed for after but I am not sure about buyer spending money before ownership... I would imagine it can be done but buyers wouldn't like to risk spending money before they actually own something, I personally would be willing to risk it in this case.
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