Remember my client from last week who failed to get an inspection before purchasing her home in the divorce? She recently got an offer on her home.
During the inspection it was revealed that the roof was a Woodruff product, and there had been a class action law suit against Woodruff for their defective roof products.
We've been hearing conflicting reports that lenders are requesting 5 year certifications for the roof or will require the roof replacement. FHA is apparently more restrictive. My client has a roof inspector stating that the roof is in fine condition and he is willing to provide a one year warranty, to be renewed annually after inspection.
What's the best approach for successful negotiations and a smooth transaction? Your input would be appreciated!
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