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Old 09-18-2014, 02:39 PM
 
3 posts, read 7,013 times
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If a house is legal or not is really up to you to make it legal. The problem will come back to you if you can not find a cash buyer. Then you have to deal with the headaches later. Inspector do not care about these things since they know sooner or later someone has to pay the penalties.
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Old 09-18-2014, 03:15 PM
 
Location: new yawk zoo
8,695 posts, read 11,084,011 times
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Quote:
Originally Posted by MARIE BENZ View Post
. The problem will come back to you if you can not find a cash buyer. Then you have to deal with the headaches later. Inspector do not care about these things since they know sooner or later someone has to pay the penalties.
old wives tale
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Old 09-18-2014, 03:41 PM
 
Location: Planet Earth
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Why is she responding to two seperate 5 year old threads about this topic?
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Old 09-18-2014, 03:43 PM
 
Location: Long Island, NY
7,841 posts, read 13,237,884 times
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Originally Posted by MrBitterness View Post
Why is she responding to two seperate 5 year old threads about this topic?

and telling people they need a cash buyer
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Old 09-18-2014, 04:03 PM
 
Location: Planet Earth
1,474 posts, read 3,058,271 times
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Originally Posted by bellakin123 View Post
and telling people they need a cash buyer
Well that does make sense. If after an appraisal is done the bank requires the CO's and there aren't any, it can cause a potential buyer from getting a mortgage approved.
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Old 09-18-2014, 04:07 PM
 
Location: Long Island, NY
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Originally Posted by MrBitterness View Post
Well that does make sense. If after an appraisal is done the bank requires the CO's and there aren't any, it can cause a potential buyer from getting a mortgage approved.
Not necessarily. When I bought my house there was no CO on the garage. I was already approved for my mortgage except the bank wouldn't release the funds. Sellers got the CO and everyone was happy.

It can go either way but I wouldn't tell people they have to find cash buyers only.
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Old 09-19-2014, 06:18 AM
 
Location: new yawk zoo
8,695 posts, read 11,084,011 times
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Quote:
Originally Posted by MrBitterness View Post
Well that does make sense. If after an appraisal is done the bank requires the CO's and there aren't any, it can cause a potential buyer from getting a mortgage approved.
that is accurate. The reality is most appraisers don't care.....of course depending what it is. From people I know personally...illegal decks, illegal half baths....non issue
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