I disagree with the responses somewhat.  I do agree that the buyer should have performed an inspection and decided on the basis of the results whether or not the property was worth purchasing. However, in a case in NH, a Superior Court judge ruled that "as is" does not relieve a seller, or seller's agent, of the obligation to disclose known or reasonably discoverable conditions or defects.  For bankers and their agents to claim they "don't know nuttin'" ain't good... (more)