what happens if i didn't fix the things on my home inspection form by the due date?

A

acermill

New member
I a guessing that you bought a home 'as is', and your lender is requiring certain repair be completed before closing. If you fail to somehow arrange that these repairs be completed (no matter who pays for such), your loan will be denied. I will AGAIN assume that the seller was not agreeable to perform any repairs. That being the case, you need to have all those repairs completed if you expect to close the purchase.

As an aside, any agreement to purchase where YOU must complete repairs before closing is NOT a good contract. Not sure how you got into this, but it ain't pretty.
 
so i bought a home and of course there was an inspection done. i have a lot of things that i need to fix on the inspection form by this june which i was given six months to complete. due to income it's soo hard for me to fix everything by june! i have to reschedule a re-inspection. this home was bank owned due to foreclosure. so my question is, is there a penalty if i can't complete the fix to do list by june? by the way i live in michigan if the penalty varies by state. thanks!
this house was sold "as is" condition. i paid full money. the house is 100% mine owned.
 
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