So I closed on my house with my wife on Thursday. We bought it for $200k. I live in GA and our household income is roughly $55k a year. Sunday night, upstairs bathroom isn't draining and is leaking from the downstairs ceiling. Next morning we call a plumber. They run a scope and tell me that the sewage line running from upstairs is completely rotted away and needs very significant repair, around $15k. I call homeowners insurance and they tell me that they'll fix the house after the plumbing is fixed, but won't cover the plumbing. I call my home warranty company and they tell me that because I just bought the house a few days ago that this would be considered a pre existing issue and they will not cover it. The inspection report says "private water and waste systems are beyond the scope of a home inspection" so he's off the hook there. Anyways, I'm looking at well over $10,000 of necessary home repairs that nobody wants to take the fall for and I have roughly $4,000 left in my savings that we can reasonably spend. I already spent $850 on a jet and scope. What can I do? Do I take a loan out? Do I put this on credit cards and work my tail off to pay it off? I'm really stuck here. I've tried to get a second opinion, but everybody I call wants another couple hundred dollars to run a camera to tell me what's wrong.
Submitted October 27, 2020 at 07:40PM by DLeafy625 https://ift.tt/2HKkw7d
