Boston

[Karisma]

I have put in an offer for a REO Sale. Had the house inspected. Turns out there was some mold found in the attic, radon levels elevated, requires replacement of water heater unit, plumbing issues & a lot others too. 

The bank said it would only clean out the mold, take care of minute plumbing issues. Few days later they have asked us to have these verified but refused to provide us with any written confirmation. The BOA. Could they have just superficially taken care of it or they would not risk bluffing & would have gotten the jovb done or should i be cautious & have another insppection done & spend tra $$ to verify the same.

What are my options. ?? Take them by their word or have another inspection done. 

Also they are installing a new stove, but will not let me have a say in the brand, color or anything. The house would need all other new appliances & i would like to co-ordinate all of them. They said i do not have a say in which one they will install. I offered to pay for upgrades or better brand or color but they did not respond. My Raltor just said that the listing agent for bank said we cannot have a say in which 1 they will install, but added they "probably would" leave a receipt for the stove. What are my options in this case. 

Also does anyone know tentaively how much does a new Rinnai  Tankless water heater along with installation & labor cost?

Thank you all in advance

[MassLoanOfficer]

The stove is probably a losing battle . . .just have them install something and sell it later and buy a new one if you dont like it. They must believe that there must be one there to close certain loans (though I know this is a matter of debate). If it is a large bank, they have so many layers of folks working on these things that it isnt worth it. I have often encouraged sellers to just throw a used one into a kitchen for the sake of selling a functional house . . . unless they are promising you a new one, this may be what is happening.

With regards to the repairs, though, especially for something like mold - demand receipts. They have them. They had to pay contractors to perform this work, and chances are the money was fronted by the list agent or someone locally in order to be reimbursed by the selling bank. There is very little chance (unless someone on the groundfloor  is being sneaky) that they used someone  unlicensed or not properly qualified for this, given that it was a documented issue - chances are they used a documented company, and they paid a real sum. It is completely reasonably to demand the receipts, and then you can contact the actual companies that performed the work to determine any sort of warranty offered, and whether you would like to reinspect or are satisfied by their answers.