looking for help Dealing with a local city

[Daniel Devin Jewell]

google file Looking for help Dealing with a local city

Hey everyone

I've got an opportunity under contract but it's coming with some catches and I'm trying to figure out a way to get it done. I'm going to give the real address and real everything because I generally need some help because this could be a big break for me and my real estate investing career.

the address of the property is 509 blades Avenue New Bern, North Carolina

The purchase price is $15,000 and change

Estimated rehab cost $25,000 and this is me doing it myself

resale value $130.000

Closing date February 9th extended to 26th

resale date July at the latest

We find a house we make an offer it gets intercepted. three weeks ago the county approached us with a document that is basically a court document that says the previous owner has a considerable amount of fines associated with the house due to the fact that it is dilapidated and he didn't fix it in the time allotted.

they want us to take on the responsibility for those fines with a new time frame(in 2020) for getting it done and theoretically, those fines will be waived.

they make a big to-do about bringing the house up to minimum housing standards and they say that the house is dilapidated and if it's not better we're going to get potentially a $50,000 fine My partner and I are very persistent about asking them specifically what they would like done to the house to bring it up to standards because right now it's kind of an open-ended question and they won't give us a punch list.

We were afraid when we go to close they will be up our butt about some off-the-wall thing and we won't be able to close on the resale of the house.

Auction site hubzu

from Aunt Fannie

going off That Fannie Mae insures clean title, in the contract that we already have signed.

In most cases doesn't Fannie Mae ensure clean title and shouldn't these fines have been taken care of prior to the potential sale of the house?

I'm linking my personal plan and the contract they want us to sign and other. 

 in the next couple of days I'm going to be trying to figure out a way to do this so anybody and everybody that wants to respond or ask questions please do so

If you think it would be easier just to talk this over on a phone call me I'm down.

my cell phone number is 540 316 0893