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Updated about 7 years ago on . Most recent reply
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"Open permit" for a deck
Hi there. I'm closing on a HUD property in Beacon NY. There is an "open permit" on the deck, and my lawyer said I need to have the deck inspected post closing by the building department, who would then tell me if it was built to code, and if so, issue a certificate of occupancy. If it's not, it may mean I have to improve elements of the deck to get it compliant. I'm based in NYC, and this type of issue usually costs a lot of money to get it compliant. Is it the same case upstate? And if so, do you think last minute price negotiation is possible? Thank you fellow investors.
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Hud will not renegotiate. You only options are to close and accept the responsibility or terminate and lose your earnest money