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Old 04-18-2010, 11:58 AM
  #34  
Barbm
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Join Date: Apr 2007
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Just goes to show you how every area has it's customary practices and not everyone has a set standard.

Repairs can no longer be adjusted on the HUD as it sends a red flag up to the Lender- they will question it and possibly ask for things to be done. It's always best to- 1) have buyers agent representation, 2) have a home inspection and 3) get a pre-approval from your lender, but what until the inspection is done to go forward.

And as for escrows- title cos. cannot hold escrows for repairs. It is for title issues only.
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