Need Help

I am going to close a REO house. It's about $51,000. I had foundation companies checked the house. One came back is just a few cracks. The bowed wall is from original build. Nothing to concern about. So I didn't pay attention to the issue.

Another foundation company did the estimate and didn't call me for the result. I found out today they thought the wall needs carbon fiber stablization. It is going to cost $3500 to repair.

Quesion is tomorrow is going to be closed. If I walked out now what will be my loss.

I had $1000 dollar earnest. Do I have to cover the title company's loss?

所有跟帖： 

• It depends where you live -shguy- ♂ (141 bytes) () 12/20/2009 postreply 17:13:07

• 回复：It depends where you live -Hellofriends- ♀ (357 bytes) () 12/20/2009 postreply 17:28:30

• I once looked at a house with bulged basement wall -sunskitehomes- ♂ (101 bytes) () 12/20/2009 postreply 17:43:14

• Sorry, I don't know much about house with bulged basement wall -va_landlord- ♂ (0 bytes) () 12/20/2009 postreply 18:18:33

• see if this picture helps (图) -sunskitehomes- ♂ (172 bytes) () 12/20/2009 postreply 19:16:18

• Thank you ,sunskitehomes -Hellofriends- ♀ (100 bytes) () 12/20/2009 postreply 19:19:42

• 回复：see if this picture helps (图) -Hellofriends- ♀ (352 bytes) () 12/20/2009 postreply 19:25:53

• bulged -sunskitehomes- ♂ (402 bytes) () 12/20/2009 postreply 19:21:56

• sunskitehomes:How late can you stay on line to give me your feed -Hellofriends- ♀ (0 bytes) () 12/20/2009 postreply 19:28:05

• As long as $3500 can do the job, then I am not too worried -va_landlord- ♂ (0 bytes) () 12/20/2009 postreply 21:19:45

• In most cases, you lose your EMD -va_landlord- ♂ (181 bytes) () 12/20/2009 postreply 17:27:11

• va_landlord : please give me your feedback. -Hellofriends- ♀ (0 bytes) () 12/20/2009 postreply 17:30:01

• 明天就closing，现在决定不买太短时间了。就算最坏不就是3500 -如山- ♂ (50 bytes) () 12/20/2009 postreply 17:33:14

• Thank you for all the feedback, -Hellofriends- ♀ (330 bytes) () 12/20/2009 postreply 19:17:45