Question --purchase of foreclosure
I am trying to buy an REO, negotiations all went smoothly until the inspection revealed the furnace does not work and can't be repaired. I can't get a mortgage without a working heat source and I don't want to pay for a furnace for a house I don't yet own. Waiting to hear from the bank, who, of course, has said all along "as is." As I understand it without a furnace they can only sell to a cash buyer? Where do I go from here?