Zillow Advice: Home Buying - Should/could buyer (me) pay for repairs prior to closing on short sale? http://www.zillow.com/advice-thread/Should-could-buyer-me-pay-for-repairs-prior-to-closing-on-short-sale/454817/ Zillow Advice | Zillow Real Estate My loan officer has decided ... http://www.zillow.com/advice-thread/Should-could-buyer-me-pay-for-repairs-prior-to-closing-on-short-sale/454817/ My loan officer has decided the 203b may work. This still means more time, but less time than the 203k. Will still have to send this over the the seller's side as it won't allow for closing before the seller's lender's deadline. Thu, 09 Aug 2012 19:20:00 GMT http://www.zillow.com/advice-thread/Should-could-buyer-me-pay-for-repairs-prior-to-closing-on-short-sale/454817/ 2012-08-09T19:20:00Z If you want to take the risk ... http://www.zillow.com/advice-thread/Should-could-buyer-me-pay-for-repairs-prior-to-closing-on-short-sale/454817/ If you want to take the risk then fine, but it's a bad idea. Lots of other unknown things can happen on a short sale. Your lender is a jerk. I would find another one even if that means the deal is over temporarily. Thu, 09 Aug 2012 19:13:00 GMT http://www.zillow.com/advice-thread/Should-could-buyer-me-pay-for-repairs-prior-to-closing-on-short-sale/454817/ 2012-08-09T19:13:00Z I'm surprised that the lender ... http://www.zillow.com/advice-thread/Should-could-buyer-me-pay-for-repairs-prior-to-closing-on-short-sale/454817/ I'm surprised that the lender will not accept having the funds held in escrow for the roof repair.<br/><br/>You would be more than foolish to put a new roof on a short sale that you have ownership on.&nbsp; It is very likely it would go into foreclosure after escrow falls through, and you end up with nothing.&nbsp; Not to mention, working on someone elses property with no contract is a huge liability.&nbsp; You can get sued for the damages you caused, even if you caused none.<br/><br/>If you are a licensed contractor, you might be able to do the work for the seller and put a lien on the house for the work, and then pay for that lien in increased closing costs...&nbsp; it would take some creative contract writing though, and it seems unlikely to get finished in time, and your lender still might not like it.<br/><br/>You might try another mortgage broker that would be OK with holding the roof replacement funds in escrow; but then the escrow company might not like holding the funds either.<br/> Thu, 09 Aug 2012 19:06:00 GMT http://www.zillow.com/advice-thread/Should-could-buyer-me-pay-for-repairs-prior-to-closing-on-short-sale/454817/ 2012-08-09T19:06:00Z