St Paul Cat 3 Building

[Joe Schaak]

From what I've read, Category 3 vacant buildings are to be avoided. That said, my nature is to try to solve problems and turn a negative in to a positive. As a Category 3 property, the owner of the property must bring the property completely up to code. What happens if that "owner" is a bank? Is there a way to work this so that a sale can go through? Does anyone out there have experience with these Cat 3 properties?