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Foreclosure Forum |
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Bankster's low integrity exposed. We bailed and cancelled escrow.In Reply to: Re: Can a lender pull plug on financing if there are illegal additions? posted by DaleT on January 26, 2010 at 4:38 PM
We gave lender our report and a professional home inspection report pointing out the water damage, illegal additions, safety issues, etc. and asked for a 50k price reduction or repair credit (so that we could make it legal, safe and a decent product for the end buyer). They would only come down 10k. Turns out the listing agent was instructed by the lender to not look at the home inspection report... so that he wouldn't have to make any negative disclosures to any future potential buyers. That's how these greedy guys operate... not concerned about legalities, safety, etc. They set up their contracts to fully insulate themselves from liability, sell the problem to someone, take the money and run. We told them to suck eggs and cancelled. Wachovia/Wells Fargo.
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