All Forum Posts by: Yiming Li

@Ryan Blake Thanks for your quick reply! Yeah I'll go ahead and ask the sellers and the board. 

Yiming

Dear all,

I am in the process of purchasing a home in southern California, and while reviewing the title report, I found this single family house(built in 1960's) is under CC&R, which I thought only condominium has. 

Basically the house was built as part of a "tract", which consists of many lots. And the property owners at that time came to form a partnership with a "committee" and created bylaws, which regulates the covenant, conditions and restrictions. For example, if one owner wants to make modifications to his/her house, the owner has to submit a request to the committee and get approval. (sounds like an HOA right?)

The CC&R seems to have expired a decade ago, but since the current owners has done some modifications in the 60's and 90's, shall I ask them to provide evidence that their modifications were done with approval of the committee? The lender's title insurance company plans to include the CC&R as "exceptions" to the title, does it mean they'll not cover the loss due to any dispute? (For example, my future neighbor may sue me because of building violations that previous owner did in 90's).

I know I've asked a lot, but I really have no clues in this situation. Any feedback is highly appreciated. 

Yiming

Thanks everyone for reply! I've started negotiating with the seller about repair/credit. Will update once I got their answers

Dear all,

I've just done a home inspection for a property in escrow and need some help with estimating the cost of a few items. Your feedback is highly appreciated. 

1. There are some electric wires going through a few trees to the utility pole on the street. The inspector calls out the safety risk, but we have no idea who we should contact to fix it(we want to keep the trees if possible)? I think we'll ask sellers for some credits, but have no idea how much it'll cost. (please see the image attached.)

2. Outside the house the air condition compressor unit 

is located too close to gas meter, which is a violation of safety code. I wonder how much cost it needs to relocate the main gas meter or the compressor? (the compressor is sitting on a concrete base so I guess moving compressor will cost more?). 

We are in Los Angeles county. 

Thanks,

Yiming