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Updated about 9 years ago,

User Stats

36
Posts
25
Votes
John C.
  • Investor
  • New York, NY
25
Votes |
36
Posts

ECB fines on house

John C.
  • Investor
  • New York, NY
Posted

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

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