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Old 10-17-2013, 09:47 PM
 
3 posts, read 9,397 times
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I purchased a home in peekskill ny in august 2013 & the seller agreed to pay & get a c/o for the finished basement. the sellers attorney is telling me they can't afford to get the c/o & until we get this c/o I can't live there & its already goin on two months. this purchase was also a short sale & I agreed before closeout I would repair & get a c/o for the deck in which I already did. should I sue them, my attorney, lender & bank that approved shortsale without c/o's? any advise would be much appreciated thank you
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Old 10-18-2013, 04:23 PM
 
326 posts, read 667,932 times
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I live in Westchester County and my neighbor has been waiting for years for a CO for his older home which did not need a CO when it was built. There is a big problem in some Westchester communities regarding getting a CO for older homes, politicians have addressed this issue, but I do not know if anything has been done to remedy the situation. I hope you do not run into this problem with your purchase. Additionally, if the seller gets the CO for a finished basement, wouldn't the seller owe additional taxes to Peekskill for the years the basement was finished? I'm just throwing that out there, I'm not sure if that's the case, maybe someone more knowledgeable in real estate issues will reply.

Last edited by jeena; 10-18-2013 at 04:46 PM..
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Old 10-18-2013, 08:32 PM
 
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thank you jeena for your respond
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Old 10-19-2013, 07:22 PM
 
186 posts, read 449,995 times
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Were you being represented by a Realtor as the buyer? In response to Jeena, in many towns, if the owner on record gets the CO for a basement that's been finished years prior, the town does not charge for those previous years.

To Rivera914, I don't understand how you are able to get a CO that you agreed to, prior to the title passing if you are not the owner.

Peekskill properties all need to have updated valid CO's prior to closing, no matter if there have been recent changes or not.

I am also surprised your lender provided funds to a title that is not legally marketable! What about your title insurance company???
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