Real Estate / Lender Question HELP!? [Archive] - Real Estate Insider Forum
 
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Jade W
10-17-2007, 02:41 AM
I am currently in the process of moving/selling my home. Recently we have discovered that we have a leak in our drain line under the foundation, and have decided to NOT repair it and just sell the home "as is". My question is, will a lender lend money to buy a home that is sold "as is" , with a known, but unresolved problem ?

tkilapink
10-19-2007, 12:41 AM
In general, it is my understanding that for a sale, the lender will give only the amount of appraisal, whether as is or not.... otherwise it would be a different kind of loan.