Matt,
I think I really like that house, but I really feel scared if they put something in the sewer and the furnace pipe, I know it is hard to fix these kind of problem.
Before I make an offer, I want to know if I can do the inspection contingency. if something is wrong, then I can walk away from the house and get my earnest money back.
When I do the inspection, I need the bank turn on the water and the electricity, then I can check the problem.
by the way, are you sure the HUD will pump the septic tank before I get the house?
I will greatly appreicate that you will answer my questions.
Unfortunately, with HUD, for an investor, there is not a contingency. You can do an inspection, but if you decide to back out for an inspection issue, you will forfeit the earnest money. There is no alternative to this as an investor. I would recommend bringing an inspector by the house before submitting an offer.
However, the problem with this is that utilities (water and power) are not on so it would be a pretty basic inspection.
