Lender's Repair Prices Versus Mine

Foreclosures, Short Sales, Tax Foreclosures
1

A lender that I am working with is going to order an interior walkthrough (I believe they called it an IMA) in order to assess the repairs needed to the property so it is comparable to the neighborhood. I would assume the lender’s people are going to “come in low.”

How do I fight this? I ordered quotes from my contractors, I asked them for a high number to show to the lender and I also received the real quote. Any other ideas?

2

Did they say they were sending out a BPO or a contractor? Chances are they are just doing a standard BPO / Appraisal on the property. Personally, I prefer the interior inspections, it allows me the opportunity to be there and speak with the inspector. Also, if you have those contractor quotes, I would give them to the inspector.

GooD Luck! :beer