Inground pool has a torn vinyl liner

[PropertyEconomics]

What about the sales contract ..... does it call for the pool to be repaired?

I see a lot of "rookie" appraising contemplated here ... what does the definition of value say, what does the contract say, what are the terms of the deal???? What exactly is the borrower buying in this this transaction? Is the pool to be fixed or is the pool purchased as is .... I would bet you there are no provisions in the contract saying the parties are "pretending the pool isnt there" ...

 

[CANative]

I didn't see where a sale was mentioned?

 

[Digger88]

No sir. I missed it sir. Thank you for trying to teach me. Don't give up on me, Rex.

no one caught my american beauty reference? i though that was genius!

 

[Mr Rex]

I didn't see where a sale was mentioned?

Ever reviewed the definition of market value or is that a missing chromosome from the burn out years?

 

[Digger88]

Ever reviewed the definition of market value or is that a missing chromosome from the burn out years?

makin' friends...

 

[Mr Rex]

makin' friends...

CAN is a friend of mine, but he is having a difficult time dealing with day to day reality because he has limited peripheral vision. Sadly, I have to get tough and use rough language, its the language Spicolli type CA burn outs recognize...

 

[CANative]

Where does this thread mention that the scenario of the original post is a sale versus a refinance? PE asked about the contract.

 

[Mike Garrett RAA]

I think you should make the property owner hire a well digger, dig a well, install a pump and piping, re-line the pool, fill it, hire someone to test the water, build a deck around the pool, buy a cover strong enough to hold six drunk teenagers, put up an 8' fence with barb wire on the top, put up at least 6 signs saying..."no swimming!", and provide proof of at least a half million dollar liability insurance policy.

On the other hand...identify the problem and let the underwriter sort it out.