VA Sale With Septic System Being Replaced

[1963Clipper]

@GWISC - scenario posed by gregb didn't say anything about receiving information of a failing septic, or that he observed anything associated with a failing septic, just that he was informed it was going to be replaced by the seller at some point. It being visibly OK but informed it's going to be replaced doesn't make it a VA MPR-related repair.

 

[CANative]

Again, all I'm doing is putting out information. How you decided to use it in your business decisions is up to you. Just be warned that you are not protected by an EA you put in a Fannie Mae appraisal report and then check the "as is" box.

I had to have mine pumped twice in one year as it was backing up into the house. Finally my son-in-law the plumber popped it open and fund that the discharge pipe had broken of and instead of releasing at the bottom of the tank it was releasing at the top and the "biscuit" (the vile term plumbers use for the solids that float on top) was causing a back up. He just made a new pipe out of pvc that was laying around and it's worked fine the rest of the time I owned it.

 

[Terrel L. Shields]

Bacteria in the leachfield "finishes the job" so to speak and failure of the leachfield is more common than the tank, except as noted metal tanks should never be installed and the field and tank should be protected from heavy traffic and for crying out loud don't plant shrubs and trees anywhere close to it.

 

[Terrel L. Shields]

Bacteria in the leachfield "finishes the job" so to speak and failure of the leachfield is more common than the tank, except as noted metal tanks should never be installed and the field and tank should be protected from heavy traffic and for crying out loud don't plant shrubs and trees anywhere close to it.

PS - there are far better systems of waste disposal but the dept. of health is often an obstructs rather than facilitates new technology. A rock-reed system can often give superior results by a wide margin. And sand-filter, bio-filter and other dosing systems are far far superior ... and it is L to get a health department to approve one.

 

[coolhandluke]

Due diligence is required. If you have information on the septic (informal or not). It is your duty to follow up and get a report from the building inspector county official or whomever can specifically document the condition of the septic. You can't get info of a failing septic and just ignore it. I have talked with our VA regional loan center in our area. They have consistently indicated they want the septic remedied or replaced. Yes, it is a sanitary issue. My advice is to also call your Regional Loan Center and ask them. That is what they are there for.

During an REO inspection for FNMA/NPDC I was informed by the realtor that the home had "significant structural damage due to a hidden foundation defect". I looked carefully at the foundation and could see no evidence of that. Should I take him at his word and value the home as if what he told me were true? Or should I be suspect of his motivation to pass on unverifiable information in order to influence my report?

On another tact; if the sales contract was contingent upon replacement of the roof and I observed that the roof showed no evidence of leaking or failure should I condition my report and/or lower my condition rating of the home based on verbiage in the contract?

And my initial supposition still stands; in my state VA requires the borrower to provide evidence (local municipal report or private testing results) of a satisfactory private wastewater system in the NOV, so since the contract cannot and will not be executed prior to the conditions of the NOV being met, how would a condition in the contract influence my appraisal report one way or the other?
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