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Updated over 16 years ago on . Most recent reply

Henry Frank's profile image
Henry Frank's profile image
Henry Frank
  • Real Estate Appraiser
  • from Lakewood, New Jersey
  • Member since Oct 29, 2009

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Henry Frank's profile image
Henry Frank's profile image
Henry Frank
  • Real Estate Appraiser
  • from Lakewood, New Jersey
  • Member since Oct 29, 2009
Henry Frank
  • Real Estate Appraiser
  • Lakewood, NJ
0
Votes |
1
Posts
Real Estate Deal Analysis & Advice

Assuming violations

Henry Frank
  • Real Estate Appraiser
  • Lakewood, NJ
Posted

Hi guys.
New here.

I have been a real estate appraiser in Trenton NJ as well as the entire state for the past seven years. I am now starting to invest there.
Question:If I assume all violations when I purchase a property (for a quick sell), can I sell the property and have the new buyer assume the violations again? Or will I have to correct the violations prior to me selling the property?

Although I have heard at City Hall that I cannot pass on the violations to the new buyer, I find it hard to believe that investors are doing this!!!

Any advice would be appreciated!

Regards,

Henry Frank
Frank Appraisals LLC
[CONTACT INFO REMOVED]

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