Quote:
Originally Posted by MMARSH
Well....looks like the house will need a new septic tank. It has the original steel tank and was full of holes. We are at about $$7500 bucks just to replace the tank.....but it sure was nice being there today. Going to notify the bank of the issues and see what they can do.
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When I bought our 16 acre "estate" (with a 6000 s.f. man barn) at a depressed market price I told myself that some repair and major cost surprise are acceptable. To find 16 acres in a similar setting then build with cost me 3x+ as much as the sale price. Fortunate we have only had small costs in a year. I plan to retire here so long term I can't lose. I'm sure you've considered such thoughts. Good luck. I'm sure you've also considered all the factors that cost the bank money to hold on to it over selling to you with the repair at their cost. Leverage.