On Aug 12, 1:57*pm, dpb wrote:
Oscar wrote:
"dpb" wrote in message
...
Oscar wrote:
...
Every state has this addendum. The seller _must_ sign it b/4 selling
FHA. I do notice, they have where the seller can put a $$ amount in, in
order to cap off meeting FHA minimum standards.
http://realestate.utah.gov/REForms/N...A_addendum.pdf

Oh, but you are wrong, it is a contract. Stating there's not one now,
the seller would have to be a lunatic to go through what they are going
through, just because someone is interested? Surely you're smarter than
that.
...

It begins life as an addendum to a contract _OFFER_; it doesn't comprise
an enforceable _contract_ until executed by both parties.

Not only does it have the provision for limitation of cost of repair to
seller, look at the bottom--there's even a provision for counteroffer
from seller.

Again the reason for having counsel before jumpin' in--they know the
groundrules under which the game is played so to protect yourself from
inadvertently committing oneself to a sizable problem. *And, of course,
they solve the COI problem of not having an agent actually representing
your own interests.

You do not know what an addendum is. Good grief, its in addition to a
contract offer.

I most certainly _do_ know what an addendum is...and, in fact, that's
what I explicitly said. *Again, there was an offer; there's not a
contract of which this addendum is a part _until_ there are valid
signatories.

I understand offers/counter offers, apparently you don't. The OP started
doing the work, not out of the kindness of their heart, but because at some
point there was an offer & acceptance. For some reason, you overlook of why
they are doing the work.

We (at least I) don't know that for certain--it was never stated
explicitly or if it was I didn't see any statement to that fact.

From experience in how the sales process works, it is very reasonable
to conclude that there is a 99% chance that a contract does in fact
exist. A mortgage company/bank does not send out appraisers,
inspectors or anyone else without a completed mortgage application and
any required fees. A most basic part of that mortgage application is
a COPY OF THE EXECUTED PURCHASE CONTRACT. The fact that the FHA
inspector is there almost surely guarantees that the contract is in
place.


To do otherwise, they would be wasting time and money ghosts half the
time. And the buyer would have to be an idiot to start wasting time
filling out mortgage applications, usually incurring fees to do so,
hiring inspectors, etc without a contract.







_IF_ (the proverbial big if) OP did sign an essentially open-ended
contract then he can only reap what he has sown and his best option is
again to get guidance from somebody on his own nickel to help in
demonstrating that the supposed defect has been adequately taken care of.

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