Just awful to hear man, you may need to pursue legal action?

I think everyone who has been affected must come together and find a legal solution.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

@Mark Thiel This is not legal advice but I think most LLCs are overrated unless you are required to have them for lending like with many DSCR loans.

I am not a lawyer and this is not legal advice.

By understanding a banks lending guidelines really well, I've figured out legal ways around them.

I know I will need to get some legal advice, but I am really looking for some input on where I should even start. 

.: I would reply to his threat of going legal with the final punchlist you're requiring to release final payment.

Hey,If "building class designation" is the same as zoning, then this seems like it can definitely be appraised as a two family, with both the legal and actual designation as a two family.Depending where in NYC, that may not help your valuation, as primary residences sometimes sell for more than investment properties, so check that out before challenging the appraisal and definitely before paying for another one.Double check all this with your lender/broker as well.Best of luck!

You can do a subject to transaction but that is not legally assuming the loan.the banks got rid of assumable mortgage long time ago.