REO with unpermitted area!

[Elizabeth Matos]

Purchasing an REO in Hemet Ca. for a considerable discount. It has two unpermitted Enclosed patios, a unpermitted aluminum patio and a unpermitted fiberglass pool. I know that most people would run from this but I see potential here. I haven't dealt with unpermitted areas before so I am looking for some advice on how much it will cost to bring them to code as the two enclosed patios will add 659 sqft. of living space taking the sale price from 235,000 to 250,000. The home is located at 40864 Johnston Aveune, Hemet Ca. 92544. Riverside County has already cited the home. Fannic Mae's bank have paid all the penalties and as the new owner I either need to bring them to code or tear them out. I need help in making my decision. Thanks to all who respond.