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This excerpt taken from the PCG 10-K filed Feb 24, 2009. inaccessible
areas, funds will be withheld in the event that repairs are
required.
You may
order the work done at your expense and submit the re inspection reports
directly to the home purchase firm. Re inspection reports are
required before final equity can be released.
Twice the
amount of the estimate, except for termite repairs, will be withheld for he cost
of repairs not completed prior to you vacating your home. Any refund
will be forwarded to you with a revised closing statement after the work has
been completed.
All
repairs to correct any local code violations as well as damage, dry rot, etc.,
must be completed prior to you vacating your home. Permits required
by the local government agencies must be on file.
Disclosure
laws mandate PG&E and the home purchase firm to provide copies of all
reports to potential buyers. The cost of repairs is not
disclosed.
Employees
are responsible for making |
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