I’m about to make an offer on a REO, and had a question for the experience REO investors on the board. Are you able to put an inspection clause on a contract for a REO? Does it usually depend on the bank or is the property just sold as is?
Many banks have addendums that will specify how long the inspection period is, but I haven’t seen any yet that didn’t allow for an inspection period (other than VA-if I remember correctly they want you to do your inspections before making an offer).
Thanks for the replies. From what I’ve read and experience it seems that the 2 that won’t allow inspections are HUD and VA. I have no experience with REO’s though and thank everyone here for their knowledge on those.