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anyone can answer my previous question?
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another question, when closing out expired permit, they probably need to come to the basement. The first half of the basement where the gas and central AC units is unfinished and the other half is semi finished, clip on laminate flooring and such type finishing on that side of the basement. Should i be concerned the inspector might consider it a finished basement? also do taxes go up for oil to gas conversion permits?
anyone can answer my previous question?
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V
another question, when closing out expired permit, they probably need to come to the basement. The first half of the basement where the gas and central AC units is unfinished and the other half is semi finished, clip on laminate flooring and such type finishing on that side of the basement. Should i be concerned the inspector might consider it a finished basement? also do taxes go up for oil to gas conversion permits?
Don't let them in the back portion. If everything he needs to see is in the front portion. He does not need to enter the rear or the basement.
that would make sense to why they didnt close out the gas conversion permit...
Can i close on this house without closing these permits?
Talk to your attorney. You will be able to close the seller will have to put money in escrow. Only way you don't close is if your lender is being a pain and they might due to the permits being open.
Dear All, need some advice since lawyer is horrible
we were supposed to close June 29th, the bank attorney advised we can't close until CO is out for the permit for gas conversion
Seller states every week since June 29th we will get inspection and get permit this coming week, its already 3rd week of july and still not all permits received
i found out they were lying to us and tried to hide that the inspector caught the illegal central AC unit which they needed to legalize as well(more taxes once closed)
i claimed them credits for my rent which they refuse to address and now i claimed i need a hotel plus storage fees per day starting tomorrow sine my landlord found new tenants and wants me out by this week but it seems like they are unwilling to budge, offered me 400$ and to live in their house which is now vacant, but i refuse to since i dont want the risk of everything and giving them assurance that i am buying their house
do i have grounds at this point to threaten to cancel due to any of the reasons above?
Dear All, need some advice since lawyer is horrible
we were supposed to close June 29th, the bank attorney advised we can't close until CO is out for the permit for gas conversion
Seller states every week since June 29th we will get inspection and get permit this coming week, its already 3rd week of july and still not all permits received
i found out they were lying to us and tried to hide that the inspector caught the illegal central AC unit which they needed to legalize as well(more taxes once closed)
i claimed them credits for my rent which they refuse to address and now i claimed i need a hotel plus storage fees per day starting tomorrow sine my landlord found new tenants and wants me out by this week but it seems like they are unwilling to budge, offered me 400$ and to live in their house which is now vacant, but i refuse to since i dont want the risk of everything and giving them assurance that i am buying their house
do i have grounds at this point to threaten to cancel due to any of the reasons above?
Thanks in advanced
I would of been in a similar situation with my recent sale, we knew we had non permitted work although non of it was ever reported so no open permits. When the issues came up (they would of on a title search)we would of ignored and told the sellers here is 4-5k in escrow you deal with it. Our thought process was by the time this came up it would be so close to closing buyers wouldn't walk since it was a move in ready and desirable home. I ended up getting all cash and the new owners didn't care.
You have 3 options
1) try and cancel the deal, you will still be paying your lawyer and not be getting back any $$ you spent, plus the owners won't agree and will try to keep some of your deposit.
2) Get on the home owners asses and have them start the process and escrow $$ to satisfy the Lender.
3) You do all the work and have them escrow $$ to satisfy the lender.
Thanks for the advice, but we tried to close with escrow but Citibank would not let us close with escrow, only way to close is to obtain FULL permits
Quote:
Originally Posted by gx89
I would of been in a similar situation with my recent sale, we knew we had non permitted work although non of it was ever reported so no open permits. When the issues came up (they would of on a title search)we would of ignored and told the sellers here is 4-5k in escrow you deal with it. Our thought process was by the time this came up it would be so close to closing buyers wouldn't walk since it was a move in ready and desirable home. I ended up getting all cash and the new owners didn't care.
You have 3 options
1) try and cancel the deal, you will still be paying your lawyer and not be getting back any $$ you spent, plus the owners won't agree and will try to keep some of your deposit.
2) Get on the home owners asses and have them start the process and escrow $$ to satisfy the Lender.
3) You do all the work and have them escrow $$ to satisfy the lender.
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