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You legally own the house now and it's your problem, No one knows what your escrow agreement says. I can almost guarantee you it says, there is no time limit and if it costs more than 15k you are responsible for the difference.
I know! There is no 5k option. The seller "decide" they are willing to pay that much. I am frustrated why my attorney doesnt fight for us. Is there expiration date for escrow?
And yes, the realtor recommended this lawyer and we didnt ask the realtor's opinion yet since we assume that he would tell us to talk to the lawyer.
You legally own the house now and it's your problem, No one knows what your escrow agreement says. I can almost guarantee you it says, there is no time limit and if it costs more than 15k you are responsible for the difference.
We can agree on that. But an offer of 5k to release the extra 10k escrow ?! The buyer seems like a first time home buyer getting taken advantage of. We can assume all these issues listed with an open permit with an unknown build time can’t get resolved with 15K. They need professionals. Lawyers / expeditors.
If your future planned renovation includes touching the unpermitted bathroom, basement and basement entrance then no need to get it permitted now. Just have your Architect add it to the plans.
If your future planned renovation includes touching the unpermitted bathroom, basement and basement entrance then no need to get it permitted now. Just have your Architect add it to the plans.
I don't know about your architect, but mine would show that the work on the area was existing and completed previously and therefore the homeowner winds up being in the same place as he was before....dealing with unpermitted, possibly outdated and not to current code rooms. He will be charged the fee for the permit, possibly a penalty and possibly a variance permit and penalty if anything done does not conform.
I don't know about your architect, but mine would show that the work on the area was existing and completed previously and therefore the homeowner winds up being in the same place as he was before....dealing with unpermitted, possibly outdated and not to current code rooms. He will be charged the fee for the permit, possibly a penalty and possibly a variance permit and penalty if anything done does not conform.
I think the reference was to renovating the illegal areas as part of a larger project and including it as a single "alteration" permit. If the Town/Village isn't aware of the work by this point, it's a possibility. You'll still run into any applicable variance issues, and have to hope that your vision meets code and won't be rejected, leaving you to deal with the complete removal of the offending area.
I asked my architect about possible issues and costs. We got some number but he said he cannot say accurately till the town actually reviews it. The issue here is my lawyer wants a written estimate to fight but the architect is not sure how the town react to this. Another issue is my lawyer doesnt give us any advice just told us that the seller's offer. I hope my layer can give me an advice like dont take it that is not enough or just take it you won't get more than this. But no opinion.
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