Originally Posted by KeenKountryKreations
No deal. I have a Realtors Lic in NJ - HUD requires that the SELLER pays for the repairs - they don't really care who gets them done - but on the HUD-1 closing sheet - it is the SELLERS responsibility. Any government home sale (HUD/VA/FHA) is the same - the bank WILL NOT let the BUYER pay.
And as a final condition of the sale, the inspector is required to come back to make sure that all said repairs are done according to stipulation, or the loan will not be granted.