If this was a bank sale I would have called the bank, and gotten the problem fixed without much concern about reimbursement. But when you have a short sale and the seller asks you to fix something, and you have serious concerns about the vendor being paid what do you do?
The home has been vacant for three months, but you got the listing and keys Today there is a sink overflowing with water pouring on the floor for ...Days...Weeks...months? You know the seller isn't making all his current payments (maybe not insurance either?) and you call to report the damage and problem. The Client (your client who you have a fiduciary duty too) says can you have someone make a repair, we are on the other side of the country. If I ask a plumber to fix this leak, will I be stuck with the bill?
If I initiated the work and seller ignores the bill , should I pay it? What if the House ends up in foreclosure (which appears to be a real possibility) would the vendor be out of luck (as liens are wiped clean by the foreclosure action)?
My Dilemma: I work with the building trades, and want this listing, the state of the place will put downward pressure on any offer that may come...do I have the repair done and hope for the best? Expect to pay for it while I'm not so flush either? or Do I show the place the way it is, and represent it is as is- subject to the sellers bank approval?
Tough Market and tough calls are being made everyday...any one have a thought?
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