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It's a slow process. Be careful around locking in your mortgage rate - there is a good chance this will run well past 30 days after the "on or about date".
If so, you will be left with a decision: walk away from the sale or close with the sellers money held on escrow that will be used towards getting the house up to code.
Depending on where rates sit at the time, it can be costly to extend your rate if you extend the contract.
Give yourself time, but don't let anyone knownthat but you and your mortgage co. Not even your realtor. Light a fire under the sellers ass to get this done.
Very good point, thanks. Cant I request them to pay any points levied for extending?
I am in the process of purchasing a home in TOH, and found out that the 1952 house had an extension in 1954, with permits, however the permits were not closed. I suppose this means the house needs a CofO ,
Can anyone contribute how long that may take?
Does anyone have an idea of how long an "expedited" certificate of completion could take to issue on pre-existing garage extension?
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