Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityOne of the most popular online real estate communities consistently since 1998!


Virtual Homestaging at PadStyler.com


Sponsored Links
Advertisements
How To Advertise Here
How To Advertise Here

Good Idea!
Realtors Directory

Facebook
Sponsored Links
Topic Options
Rate This Topic
#425689 - 07/05/13 12:35 AM Cracks in exterior Brick-
shawna Offline
Junior Member

Registered: 07/05/13
Posts: 2
Loc: indiana
I want to make an offer on a fannie mae reo and there are cracks in the exterior brick that would cause me to lose 1500.00 if the inspector says they are structural. I cant get an inspection until I make an offer, if I make an offer and the inspector says the cracks may be structural I cannot get a loan and I would lose the earnest money and fee for inspection. The first crack is large enough to stick my finger tip in and it starts at the ground and goes up to the window vertically and in a pretty straight line, the 2nd and 3rd are a little smaller in width and are from the top corner of each side of the window and are diagonal. Can you give me an opinion on if you might say these are structural or not?

Top
Advertisements
#425692 - 07/05/13 06:25 AM Re: Cracks in exterior Brick- [Re: shawna]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7447
Loc: Vermont's North-East Kingdom
Why do you think you would lose the Earnest Money Deposit ?
_________________________
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

Top
#425700 - 07/05/13 11:08 AM Re: Cracks in exterior Brick- [Re: shawna]
Inspectorjeff Offline
Member

Registered: 08/31/06
Posts: 80
Loc: Santa Clarita, CA
Is the "exterior brick" a veneer? If so, they (the bricks) are not structurally integral to the residence.

If the home is of masonry construction, cracks that large are certainly worthy of being structurally significant.
_________________________
If your inspector is not using thermal imaging, you're not getting the whole picture. �

Jeff Pope
JPI Home Inspection Service
Santa Clarita CA
(661) 212-0738
http://www.MyInspector.net

Top
#425712 - 07/05/13 09:27 PM Re: Cracks in exterior Brick- [Re: Vermont]
shawna Offline
Junior Member

Registered: 07/05/13
Posts: 2
Loc: indiana
It is being sold as is and if I make an offer I cant go back out because I found out something was wrong with it. At least that is what my agent told me.

Top
#425737 - 07/06/13 08:02 PM Re: Cracks in exterior Brick- [Re: shawna]
Inspectorjeff Offline
Member

Registered: 08/31/06
Posts: 80
Loc: Santa Clarita, CA
So if you open the front door and living room has disappeared into a 20 foot-deep sink hole, you can't back out?

I suggest you either (1) walk away now, or (2) find new representation.
_________________________
If your inspector is not using thermal imaging, you're not getting the whole picture. �

Jeff Pope
JPI Home Inspection Service
Santa Clarita CA
(661) 212-0738
http://www.MyInspector.net

Top
#425760 - 07/08/13 06:32 AM Re: Cracks in exterior Brick- [Re: shawna]
Bigtoe Offline
Major Contributor

Registered: 10/14/07
Posts: 2189
Loc: Outer Banks
I was not aware that fannie mae would not refund the earnest money during the 7 day inspection period. This sounds wrong.

However, if it is true then start looking for another house.
_________________________
Your Outer Banks real estate agent. Helping people buy and sell OBX real estate since 1989.

Top
#425813 - 07/09/13 08:55 PM Re: Cracks in exterior Brick- [Re: shawna]
JackREO Offline
Veteran Member

Registered: 09/02/08
Posts: 849
Loc: Massachusetts
Shawna; Your agent is completely incorrect. I've sold over a thousand Fannie Mae properties and their addendum specifically states there's an inspection period. There is an standard addendum on HomePath.com that should specifically allay your concerns. While the seller is under no obligation to repair (hence as is), you do have the right to withdraw if the results are not to your satisfaction. I would also recommend having a contractor take a look when you have the inspection so you'll have a cost estimate.

Top






Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
Search

Newest Members
Jewelreality, Stackout, alvaropaloma, agentJason, Joseph Conway
29067 Registered Users
Who's Online
1 registered (Eshwar), 226 Guests and 6 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Jhony 34
Daniel1234 32
Vermont 26
Z06Fanatic 16
rdayley 16
David Hunter 15
RonnieEmz 14
Neal M 13
C21Mr.May 13
JohnN 10
excellhomes 9
allpropinvestmen 9
Bigtoe 9
Square 8
JMK307 7
(Views)Popular Topics
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 25931390
No new orders today 12669252
Stupid MLS comments. 3106030
What do you know about Froy Candelario, top agent in USA 1103758
Stupid QC comments and BPO requirements. 995421
New HUD Listing Brokers---Any Update? 970471
Is there religious content in Buffini class? 763730
Let's talk about our cars 621797
Name that Flick. Great movie Lines. 556614
Pay it Forward - BPO/REO Tips & Tricks I & II 553686
Most common items found at an REO 534918
EML 459230
REOTRANS 406419
asset val seminar in colorado 379503
Main Street 366459
assist 2 sell or 1 percent realty? 306576
Evalonline 300066
Land America 285049
HOMONYMS - There, Their, and They're 282885
Mainstreet 261858
Agent Directory

real estate agents

Featured Member
Registered: 02/15/16
Posts: 105

How To Advertise Here


This site presented by RNC Internet Services