Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Mortgage Brokers & Lenders
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Jessica Oots
  • Investor
  • Corona, CA
2
Votes |
6
Posts

Code Violations on Title

Jessica Oots
  • Investor
  • Corona, CA
Posted

Hello,

I have a property under contract with a seller where the property needs $30k in work to cure code violations before clear title is issued. My buyer will take the property with the violations but needs a hard money loan. Seller and buyer are not willing to cure violations prior to close. Buyer won't do this because they don't want to cure work they will be undoing when they go to expand the house and don't want to waste $30k. My questions is - are there any hard money lenders who will lend on the property knowing the violations will be cured after closing and during construction? The lender needs to allow the liens to stay on title because the city won't remove them either, even just for 3 days to close. Title will be clear with the exception of the liens. Thank you!

Loading replies...