Can a Lender Request Repairs?

 

 

 

Dear Monica: We are in contract to sell our home “As-Is” with no contingencies. Buyers sent the lender all of the inspection reports and now the lender is asking for a list of repairs we have done. What would you advise us to do? Rose J.

 

Dear Rose: It was a mistake for buyers to have shared so much information with the lender. By doing so the lender couldn’t ignore the information presented, and thus asked if certain repairs shown in the inspection report were done. This is the buyers’ problem but it may involve you if they don’t close on time.

 

They can try to resolve this or they can apply for a loan with another lender and this time, only provide the contract and title report.