vitos

Thank you all for the advice!

I understand all the risks involved, and again, I'm not saying that's my plan to buy it without inspection. I'm just trying to cover some basic obvious things before I get into heavy negotiations with the bank, which has been a very difficult process so far. The bank has been very unwilling to even talk to potential buyers, they are very hardheaded about this house, they set a price and want it in cash. They priced it very aggressively but the cash part is a very hard pill to swallow. The bank is open to conventional mortgage with all inspections and etc but for a much higher price. So as you can see, I'm definitely not ready to spend $500-$700 on inspection if we can't even reach a tentative agreement with the bank. The whole idea about this crack post is to get some professional opinions so I can decide if it event worth trying to fight for this house.

All, thank you for your prompt responses. No I have not hired an inspector for this house. This house is one of those cash foreclosures deals. The bank is trying to move this house quick and don't want to deal with conventional mortgage or contingencies upon inspection. They only accept cash offers and sell it as is.

I'm thinking to make an offer on a foreclosed house but have some concerns about a foundation crack in a corner of the house. This house is 7 years old and it looks like the crack is pretty dry and has not leaked yet. This house has a walkout basement but the crack is in the corner of the higher grounds so it completely ground covered from the outside and it's impossible to tell if this crack goes all the way through the poured concrete. I would really appreciate any advise or recommendation if I should worry about it. Thanks. Click to Enlarge 36.91?KB Click to Enlarge 31.42?KB