Re NW Pasadena Short Sale purchase...
We performed our inspections (physical & termite) on Friday. The inspections were acceptable.
When you buy a short sale; you have to spend the money on the inspections. The seller signs the paperwork but is little more than a ceremonial actor. The seller does not pay for inspections.
The buyer (my client) is taking a chance by spending $550 for inspections. He has decided the final cost analysis will tip in his favor.
Now we wait 3-4 weeks to hear from the lenders.
We performed our inspections (physical & termite) on Friday. The inspections were acceptable.
When you buy a short sale; you have to spend the money on the inspections. The seller signs the paperwork but is little more than a ceremonial actor. The seller does not pay for inspections.
The buyer (my client) is taking a chance by spending $550 for inspections. He has decided the final cost analysis will tip in his favor.
Now we wait 3-4 weeks to hear from the lenders.
