Recently I helped my clients find a home that would be perfect for them but it just happened to be a foreclosure. That would not have been a problem but the fact that the fireplace footer had caused the entire brick fireplace to pull away from the house was a problem. We thought the Bank would have the structural damage repaired. The lender my clients were using for a mortgage said they would not lend for a house that had structural damage so my clients were waiting to make an offer after the repairs. After several weeks I phoned the listing agent to see how the repairs were going and was told that the Bank had decided not to make the repairs, wanted to lower the asking price, and were looking for cash offers.
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