How Do I Order Lead-Based Paint Inspections for FHA Buyers?
For homes built prior to 1978, with owner occupants using FHA financing, a lead-based paint inspection may be requested.
For homes built prior to 1978, with owner occupants using FHA financing, a lead-based paint inspection may be requested.
If you are unable to close by the expiration date of your sales contract, you will have to file an extension form and pay a fee for the 15 day extension.
No. HUD homes are sold as-is. This means a buyer assumes risk associated with the property’s condition.
The buyer has the right to cancel the contract and receive their deposit back if they do so within their contractual time frame (unless specifically noted).
No. Corporate sellers do not allow assignments of contracts.
The corporate seller will have us hold any back up offer in situations where we are managing the bidding process (NOT HUD or Fannie Mae).
You may receive a Seller’s Counter Offer with no signatures. These forms are generated by the corporate/bank’s Asset Manager or the outsource company.
All offers submitted, as instructed, to WILMOTH Group will receive a confirmation of receipt.
Purchasing HUD homes requires making available, with your offer documentation, that the purchaser either has the funds or is approved for bank financing.
This addendum is not required and will not be executed on HUD sales. HUD sales are exempt from this requirement.