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Updated about 9 years ago,
ECB fines on house
Hello all,
I've been a reader for years and bought our first investment property in 2011.
Currently looking to buy a multi family in the Bronx. It's a gut reno with tons of violations and over $100k in ECB fines. Seller will amend violations, and contract states house will be delivered free of violations. However, the fines will still remain. They name previous owners.
Will I be responsible for the fines once I close? I'm getting different answers from my attorney vs other attorneys. Anybody experience this?
Thanks