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The home is new construction, however, has been vacant and closed up for 3 years. Buyers rarely request radon inspections in this area because of the sand soil. EPA Guideline is 4 and below in order to pass inspection. The inspector mentioned an air exchanger would most likely get the radon lev...
We haven't seen much of this strategy, until recently. This particular property is being marketed at 1/2 of "market value". The traffic is steady and offers are coming in. It will be very interesting to see what this property actually sells for. This is "bank owned".
All inspections have been satisfied and completed, contingencies have been removed. We have the "clear to close" from Mortgage. At the closing table, the call comes in that Underwriting has now rejected the mortgage due to one of the buyers giving two weeks notice at their place of employment. ...