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Letting flooding house lapse into foreclosure

I bought a home last December in a new development and spring came and I soon discovered I have a yard that severely floods.

It has rendered the home uninhabitable and I’ve vacated it and moved into an apartment. The builder has denied all responsibility and they have treated me so horribly in me trying to rectify this issue.

I’ve filed complaints with the attorney general’s office in my state and the builder hired a prestigious law firm that is drafting rebuttals attempting to absolve the builder of all responsibility of course.

It’s a USDA backed loan and the lender is required to ensure that properties such as mine are safe, sanitary and free from structural defects. A flooding home violates these standards and I’ve reported them to the USDA but since there’s a shutdown, they are unable to process my complaint.

I’ve decided to stop payment and let them foreclose. I don’t have the heart or the conscience to sell this flooding home to another party so the bank is going to have to sell it.

Just wondering what’s going to happen with this? In my state, I will have to appear before a judge in foreclosure proceedings and I plan to argue my case then and possibly sue the lender and builder in a counterclaim. I’ve also filed necessary paperwork to prevent a deficiency judgment.

submitted by /u/HelpGloomy351
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source https://www.reddit.com/r/RealEstate/comments/1ombw6a/letting_flooding_house_lapse_into_foreclosure/
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