Thursday, June 4, 2009

HUD Home Information - We did a walk-through the day before closing and the property had been vandalized. What do we do? - WWW.CJHARRINGTON.COM

Contact NHMS and the Closing Agent by email immediately with the Case # and “Vandalism” in the subject line.
We will have our property management contractor investigate and determine the estimated costs to restore the property to the pre-contract condition. Realize that in older homes, the replacement value of lost or damaged original equipment may be very low.
HUD will possibly agree to a credit to the Buyer at closing for all or part of the estimated damages. If this is not acceptable, the Buyer may cancel the contract and have the earnest money deposit refunded.

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