It is very unusual as long as the payments are being made.  

It is not unusual for lenders to hold foreclosed properties for long periods of time before putting them on the market.

I am uncertain if you are wondering why people would buy property with (known) unpermitted work or if you are asking why they would choose to not permit work they do after they buy the property.  

I am uncertain if there will be any issues due to the fact that the mortgage is under the name of my LLC, not my personal name.My plan is to endorse the insurance claim check, send it to my lender to pay off the mortgage, and request a check for the remaining balance.

However, I'm uncertain if this strategy is feasible.

These days the AM probably needs to be at the property weekly to get thru the crunch in many cases unless you just have an unusual or outstanding PM team.   

I find that part highly unusual and I wanted to make sure the way I read that was accurate.

@Karthik NatarajanProps to you for doing your due diligence.In many areas, assessment amounts are adjusted upon sale of the property so it is NOT unusual and in fact it is quite common for property taxes to increase significantly for a new buyer.Absent any other data, I’d trust the calculator.You could also call the County Tax Collector or Asssesor to verify the information.Good luck.Arn

That means you have to hire an attorney with uncertain outcomes.5.

Hi Alex, Your situation is not unusual, I see this happens often.