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I have an offer in on a house, but it turned into a multiple bid situation so I was looking at a back up house JIC.
Well, it is REO... a little bit of a fixer upper.. everything looked good online, nothing stating anything wrong. It has a pool so I was thinking of the typical REO scenarios: leaky roof, swampy pool..etc.
Well we get to the house... STINK HOLE ACTIVITY!!!!!!! The house is NOT on a slope and you can see cracks in the walls, and a huge slope on the foundation floor.
I told the realtor.. gosh you should have told me so I didn't waste your time with the ride here... he said he didn't know, nothing on the file.. he called the LO on the house when he was a couple blocks away and she said oh there's some structural issues... he asked what kind.. she said, oh you'll see them, it's obvious.
My question is... how is this legal???? Our realtor said this should be condemned by the city. Aren't they suppose to also notify surrounding neighbors also? Their houses could very much be swallowed up too.
We are in Florida.
Oh, I also asked what happened to the previous owners.. did they know? Realtor said yeah, they told the bank to keep the house and took the hit on their credit. Im with them on that one. What's money and credit when you don't have safety?
Gosh, I am truly flabbergasted that this property let alone the house is being sold.
The house and property is worth "something". What that figure is, is up to the bidders. I dont see anything illegal. People can buy whatever they want. I'm sure the bank hasn't hired a sinkhole expert to say that is indeed the issue. So as far as they know, its not.
PS. Nice job bidding on an internet house without looking at it. LOL.
PS. Nice job bidding on an internet house without looking at it. LOL.
Never said I bid on this house on the internet... re read. I said I HAD a bid for a different house that went into a multiple bid situation...
And went to go LOOK at another house to have an a back up... went to see it today because it looked decent online. Where did I say I bid on sink hole house?
A sink hole would be something serious. It's not something to joke about. They would not be allowed to let people enter the property if it was a sinkhole.
There are many properties that people didn't take care of that have huge foundation issues. It goes along with people who buy houses that they can't afford to upkeep the maintenance on. They're used to apartments and landlords doing things for them, that they can't do things for themselves.
If it's a foreclosure, there's nothing to disclose about how bad the situation is as they don't know and don't care to know. As long as they aren't hiding anything about the condition, there is nothing illegal about what they're doing. They're just trying to sell a house.
I have an offer in on a house, but it turned into a multiple bid situation so I was looking at a back up house JIC.
Well, it is REO... a little bit of a fixer upper.. everything looked good online, nothing stating anything wrong. It has a pool so I was thinking of the typical REO scenarios: leaky roof, swampy pool..etc.
Well we get to the house... STINK HOLE ACTIVITY!!!!!!! The house is NOT on a slope and you can see cracks in the walls, and a huge slope on the foundation floor.
I told the realtor.. gosh you should have told me so I didn't waste your time with the ride here...
Gosh, I am truly flabbergasted that this property let alone the house is being sold.
I once had a bad reaction to some weird Cuban food before I looked at a house, but looks like you were really hit. I would drink a lot of water, and then sit on it for a while. Hopefully the stink hole will get itself under control and you'll feel better about the hole situation.
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Heh heh...
I would drink a lot of water, and then sit on it for a while. Hopefully the stink hole will get itself under control and you'll feel better about the hole situation. 
