Answer by Heather Peck
You will probably have to take care of them on your dime. The bank is only required to provide clear title, but not repair the property. I have even heard of old violations popping up and the buyer...
View ArticleAnswer by Patrick Thies
In many cases the buyer may be responsible for paying for the repairs to bring the house upto code. Some areas, this will need to be done before you close. You will have to check with the bank to see...
View ArticleAnswer by Bill Eckler
A thorough home inspection is a good way to identify code violations and protect your interests. Beyond this point the "AS IS" agreement leaves the responsibility in the hands of the new owner. Buyer...
View ArticleAnswer by Linda S. Cefalu
Sarah, I have had success with getting certain defects paid for by seller. If the defects fall under a category that prevents seller from selling to anyone in our state, they really have no choice. If...
View ArticleAnswer by James Ryan
Hi Sarah, the quick and short answer is "as is" means "as is". However, Linda makes very good points. But be prepared for a resounding stonewall by the seller. Obviously, if the defects prevent...
View ArticleAnswer by Debra B Albert PA
Sarah, When buying a property with code violations you inherit them. The bank will pay any accrued fees up to closing, however they are then yours to fix in whatever way you choose. You would be best...
View ArticleAnswer by Luis E. Lozada
Hello Sarah If the property is a violation of code, can not close, the bank must coreg rape the day before closing
View ArticleAnswer by Lee Goade
What (who) constitutes "Code violations" for this property? If you are paying cash and your contract states "AS IS" ... the repairs are yours on your time frame 99.9999% of the time... If you have a...
View ArticleAnswer by Tony Maziarz
REO's you buy as is with the understanding that you will take responsibility to make the property compliant.
View ArticleAnswer by FixMyCodeViolation.com
As an architect I deal with code violations everyday. Unfortunately when you buy the property you buy the code violations too , however, most of the fines can be negotiated down if you can prove that...
View ArticleAnswer by lnarad
i bought property with a code violation and was told buy president of association it was takin care of. now i recieved notice of violation i year later and threatened with lien on property. im 71 yrs...
View ArticleAnswer by Monika Kattana
If you purchase the property cash you have no problems. If you want to finance the property with code violations, a Conventional loan may allows you to purchase and have some money in escrow for after...
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