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

Sponsored Links
How To Advertise Here
How To Advertise Here

Good Idea!
Realtors Directory

Sponsored Links
Top Posters (30 Days)
Vermont 46
C21Mr.May 19
Trouble 17
Daniel1234 17
Z06Fanatic 14
RonnieEmz 12
David Hunter 10
zhenbuxianghua 9
VABroker 7
rjlocal22 6
nopeda 6
sualk54 5
miracle 5
Bigtoe 5
JohnN 4
Matched Content
Topic Options
Rate This Topic
#453489 - 07/19/16 11:36 PM Lack of utilities stopping short sale
Granta Omega Offline

Registered: 05/01/15
Posts: 160
Loc: Cleveland, Ohio
The buyer is a cash buyer, but the seller has an FHA loan. The utilities were turned off due to nonpayment, and the seller cannot pay 700 dollars to turn them back on.

The buyer waived inspections and is paying cash. Why do they need to inspect the utilities?

#453492 - 07/20/16 06:20 AM Re: Lack of utilities stopping short sale [Re: Granta Omega]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7504
Loc: Vermont's North-East Kingdom
Originally Posted By: Granta Omega
". . . Why do they need to inspect the utilities? . . ."

They probably just want to know that they're hooked up and functioning; but more importantly . . . . that they're NOT in arrears.

The REAL Seller (meaning the Mortgagee) understands this and will pay to have the utilities turned on in order to bring this loan that's gone sour to a conclusion.

The Owner of Record (or Mortgagor) has obviously lost interest in the property and isn't going to pay anything more just out of courtesy; but they may want to be cooperate enough to avoid a Deficiency Judgement.
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

#453580 - 07/24/16 03:47 PM Re: Lack of utilities stopping short sale [Re: Granta Omega]
barb43 Offline
Veteran Member

Registered: 08/01/08
Posts: 1147
Loc: SW Okla
If the buyer waived inspections, who is wanting them turned back on?

Here, the utility companies wait out the seller of record's desire to turn utilities on somewhere else - and then they first require payment for the amount in arrears. wink (They know how to get their money!)

The mortgagee does not turn on utilities here because they function as a machine. Here, if the buyer wants a home inspection, or they're getting a conventional loan & their lender wants to do an appraisal, the buyer is welcome to turn on utilities for the purpose of inspections & appraisal. No,they are not required to pay up any past due amounts, but yes, they are required to pay any deposits charged and for the utilities consumed for however long they leave the account active.
Remodeling houses & helping tenants get ahead in life since 1983. Licensed Realtor since 2005.

LIMITATIONS: Until You Spread Your Wings, You'll Have No Idea How Far You Can Walk. -

#453610 - 07/26/16 01:06 PM Re: Lack of utilities stopping short sale [Re: Granta Omega]
Granta Omega Offline

Registered: 05/01/15
Posts: 160
Loc: Cleveland, Ohio
It's required because the seller has an FHA loan, therefore and FHA appraisal needs to be done for the bank to approve the sale.

The bank said it's the seller's responsibility to have the utilities on, but they cannot pay for them to be turned back on, so they said if it's not done soon they are going to close the file.

The buyer said they'd reimburse the seller for the cost of the utilities after closing, but that really helps none because they don't have the money to pay for it to be reimbursed anyway.


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.

Newest Members
SahanaRai, dreso, Agent315, TJ LYN, Nate76
29176 Registered Users
Who's Online
3 registered (TexasAgent, TampaRealEstate, Van_city), 309 Guests and 4 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

(Views)Popular Topics
No new orders today 12966313
Stupid MLS comments. 3209104
What do you know about Froy Candelario, top agent in USA 1148838
Stupid QC comments and BPO requirements. 1021716
New HUD Listing Brokers---Any Update? 999625
Is there religious content in Buffini class? 790880
Let's talk about our cars 644994
Name that Flick. Great movie Lines. 582169
Pay it Forward - BPO/REO Tips & Tricks I & II 567895
Most common items found at an REO 546308
EML 459230
Main Street 393388
asset val seminar in colorado 390914
assist 2 sell or 1 percent realty? 319006
Evalonline 300066
HOMONYMS - There, Their, and They're 292935
Land America 285049
Mainstreet 261858
Agent Directory

real estate agents

Featured Member
Registered: 08/06/16
Posts: 143

How To Advertise Here

This site presented by RNC Internet Services