Buying A Fire Damage House In Philly

[Shawn Ryan]

Hey guys looking for some info. I got a call from a homeowner looking to sell their property that had a fire recently. Im going to check it out this week. I own a few properties at this point but never purchased a house that had fire damage. The house is a philly row home. The homeowners insurance was lapsed at time of fire so they have no coverage.  According to the owner, L&I is going to start fining them 2k/day starting in September if they don't fix the hole in the roof and the boarded up openings etc. A few questions I have are:

- If I purchase the house cash, what will I have to do to satisfy L&I, and is there a time frame as to how soon repairs would need to be made?

- Will hard money lenders lend on a project like this?

- Is there a way to delay the L&I fines for the existing owner so she doesn't get burried in fines?

- Is there anything that is different in the home buying process I should know about with a fire damage house?

I would love some advice from someone that has gone through an experience like this or has experience dealing with L&I, etc. Any advice helps. Thanks in advance!