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Wholesaling

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Brandon Paisley
  • Wholesaler
  • Northfield, NJ
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Do Wholesalers need a Certificate of Occupancy when using assignment or double closing contracts in NJ

Brandon Paisley
  • Wholesaler
  • Northfield, NJ
Posted Apr 5 2012, 23:13

So Im trying to figure out if I need a CO when wholesaling in New Jersey. I spoke to an attorney today about writing up an assignment contract and he stated that we will need a Certificate of Occupancy for the title company to close. Is this just an attorney thinking like a real estate agent, and not understanding how wholesalers work or do I really need a CO to close in New Jersey?

If I do need them can I push it on to the buyers side contract?

In all my research this is the first time I've heard of a CO being a requirement. Any info would be much appreciated. Thanks

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