So, magically, before our moms house actually went on the market, we had a very serious buyer. We had a coming soon sign. He contacted the realtor, had a contractor out, yes all things he wanted to do were possible. We had a contract on the house, after he made offer, I called Medicaid rep, they said no you can't take that offer. We even had the house appraised.
So, fast forward. Their insurance company says no we won't insure roof is toast. We made claim in mom's insurance. They sent inspector who got on roof and said this needs maybe 1k at most repair.
New roof estimate was 8k. They still wanted house if we replaced roof. Ok. We will do that, but nothing else, because this house is sold AS IS!
More inspections. It did not pass structural. Will take about 40k between roof and structural. A contractor is requisite. This is without electrical and plumbing inspection yet.
Our first responsibility is to pay for her care. She does not have 40k to spend on this. So we walked. Medicaid requires the house to actually be on the market. I will talk to Medicaid tomorrow. We have not yet applied.
This house is sold AS IS. Doing all of this work does not change the fact that it a 2 bedroom house, with both bedrooms upstairs. It was custom built in 1942 for the founder of an oil company, his wife and one child.
Before we moved our mom out, her bedroom was the downstairs dining room.
My plan is to talk to Medicaid tomorrow. I can submit roof and structural reports to them which would allow us to lower price to attract investor class of buyer.
Have you dealt with this?