Buying A Home
kaykay211
member
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Homepath Homes- "As Is"
We are purchasing a homepath (fannie mae) property what is being sold as is. We are having our inspection done Sunday. Would I be wrong to take our inspection report to the seller anyways knowing that it is listed "as it"? I kinda feel like it couldn't hurt to ask... they could only say no.
I guess I'm hoping that a lot of repairs don't come back to were we will have to walk. Our lease is up 4/30 so it this does not go through we are practically homeless 
Re: Homepath Homes- "As Is"
The seller is the bank.
We purchased a home in the same situation. We had several repairs that were needed to pass the FHA appraisal. The selling agent offered to "let" us make repairs before closing. LOL...how generous. We said we'd walk if the repairs weren't made, and they were made.
If you need the repairs in order for the loan to go through, you're probably more likely to get them fixed just so you can close. Either way, I'd definitely ask though. Worst case scenario, they'll say no, and you're no worse off.
A side note - unless you are paying cash for the house, I can't imagine you loan will close a week after your inspection. I am assuming you are still within the first 14 days of escrow, and most loans take at least 30 to close, often longer. Ours went smoothly, and took over 45 days. The bank wasn't in the same rush that a regular seller might be, and just took a few extra days to get every step done.
Also, we were homeless for 6 weeks before our purchase. It seemed like a horrible turn of events, but worked out to be one of the best times of my life. We lived in a lovely hotel and it was awesome! :-)
Good luck!
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We just closed on a Fannie Mae Homepath property. The house needed repairs to the heat pump and a new water heater. The listing agent tried to convince us not to ask the bank for repairs, since the foreclosure was listed "as is", but we were absolutely insistent on trying anyway. We're glad we did, since the bank agreed to pay for half of the repairs. If we had threatened to walk, they might have agreed to pay the price of all repairs but I didn't want to chance it. These properties go off the market very quickly in our area and we were already getting a great deal!
Good luck!