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.
in theory that's right, but in actuality, private deals are made. the seller says, "these are the terms under which i'll sell the house at that price." the buyer can refuse, but he takes the chance of losing the house. the seller can back out if no bid/deposit was made and accepted or the seller insists and takes the chance of losing the sale for the same reason. when dh and i bought a summer house we had to assume responsibility for some work, privately, even though we shouldn't have,or it was no deal. the owner would have sat on that house forever waiting for a new buyer.
whoever wants the deal more, blinks first.