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Replies (11)
- The Weber Team, "TheWeberTeam"
- Contributions:131
I'm so sorry. Was there insurance on the house? I hope everything turns out ok.
- wetdawgs
- Contributions:26804
I would hope that someone was carrying insurance on the house.
- James Callas, "ABBAUSA"
- Contributions:957
Vacant properties have insurance exclusions and deductibles.
Outside units needed to be matched to inside units. You should get your own quote and be informed on A/C requirements in your area. Stay the course, it seems you are headed to a good deal. (cpmpare your quote to the banks quote)
Good Luck!
James Callas - Realtor®
- Darrell Bell, "Quest Inspection Svc"
- Contributions:33
Hey housenewbie,
You are just down the street from me! I'm sorry this happened. If your offer was accepted WITH a functioning AC unit in place, I DO NOT believe this is your responsibility at all. This is a pretty low blow to you in my opinion. What if it were NOT a bank owned home and someone broke in and stole permanently installed components? If you want the house bad enough, then I guess they have you in a pickle. What does your agent say?
Every time I have run into this the bank has replaced the components as they should. Is this home in Sunchase by chance? I see this( and worse) ALL over now ! It makes me mad that the bank would put this on you if it was fine before. Since you are not my client; please feel free to contact me for an HVAC contractor you can trust.
You are just down the street from me! I'm sorry this happened. If your offer was accepted WITH a functioning AC unit in place, I DO NOT believe this is your responsibility at all. This is a pretty low blow to you in my opinion. What if it were NOT a bank owned home and someone broke in and stole permanently installed components? If you want the house bad enough, then I guess they have you in a pickle. What does your agent say?
Every time I have run into this the bank has replaced the components as they should. Is this home in Sunchase by chance? I see this( and worse) ALL over now ! It makes me mad that the bank would put this on you if it was fine before. Since you are not my client; please feel free to contact me for an HVAC contractor you can trust.
- Darrell Bell, "Quest Inspection Svc"
- Contributions:33
Since you are not my client; please feel free to contact me for an HVAC contractor you can trust.
That is if you CAN"T get the bank to get that AC system up and running for you( which I hope you can!!).
That is if you CAN"T get the bank to get that AC system up and running for you( which I hope you can!!).
- Charlottesville Real Estate, "Charles McDonald"
- Contributions:230
if you had a ratifed contract on the home and the unit was there, it will need to be replaced prior to closing. At least it is that way here in Virginia.
- Sam Punjani, "mygpsagent.com"
- Contributions:67
Just do your inspections on time, usually with REO's its 10 days, if the house needs too much work and other things are wrong, you can pull out of the contract and find something else. I don't know your area because I'm in Northern California, but the market will see another correction soon, as the loan mods people have done are starting to fail again.
Best thing to do is really ask your agent these type of questions as they are looking out for your best interest.
Good Luck.
Best thing to do is really ask your agent these type of questions as they are looking out for your best interest.
Good Luck.
- Mike Young, "203kLoan"
- Contributions:31
you can also negotiate the price down by the cost of the unit, use the 203k loan program to make the repairs after it closes escrow. This keeps your escrow close date on track. Remember that with the new Energy restraints that just replacing the outside condenser isn't likely going to be enough. You have to match it with the inside FAU, if the unit is a few years old that may require you to replace both so you need to verify and be sure you are getting the right amount negotiated in lowering your price.
- broker_GRI
- Contributions:3454
Housenewbie,
If you purchased with a C.A.R. Contract (It will say "California Residential Purchase Agreement and Joint Escrow Instructions")
then you will want to refer the bank to Section 9
The property is sold "as is in it's current physical condition"
If there was a unit when you made the offer (or upon final acceptance)
Then there needs to be a unit when you close.
If you have an agent, get them on this right away.
If you have used another type of purchase contract (or made a contrary revision to section 9 by addendum) then you may want to consult with a RE attorney.
Unfortunately you may have to do that anyhow if the bank will not work with you on resolving the issue (and rather quickly).
Keep us posted as to how things work out for you and we certainly wish you the best,
Tanya
- jean214
- Contributions:36
At 14 SEER, the bank is just looking for the cheapest alternative. You should look into 15- or 16-SEER systems which qualify for the $1,500 federal energy tax credit through the end of 2010. Trane and American Standard offer filtration systems that remove 99.98% of dust and pet danger that flow through them. It is illegal to replace only the outside unit; it must be matched to the indoor unit.
- Joe Sciarrino, "Joe Sciarrino"
- Contributions:246
James really says it best.
There is definitely insurance on the property and theft is usually part of the coverage. I would look into that then begin to get quotes from a refrigeration mechanic. they will be able to match up the condenser to the air handler. Good Luck
There is definitely insurance on the property and theft is usually part of the coverage. I would look into that then begin to get quotes from a refrigeration mechanic. they will be able to match up the condenser to the air handler. Good Luck
HVAC unit stolen in house we're buying...what to do?
All I know is that the electrical system is still in place, the thieves just took the copper and disconnected the unit. At least that's what the bank said; when I visited the property it basically looked like all that was left was the top grate on the unit, now lying on the floor.
The bank has gathered their own quote on a basic 4-ton system with 14 SEER. So I should be getting quotes to match, and also quotes on better systems, right? Any suggestions on what to put in that would be economical and save us energy?
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