"Violation Status" vs "Inspection Status"
Hello BP community!
I am currently under contract on a duplex in Chicago. The property was a gut rehab so as part of my DD I looked at all of the building permit and inspection records on the city of Chicago website to make sure a) there were permits pulled and b) inspections were passed. Nothing stood out beyond a partial pass on the electrical inspection that we aimed to resolve during attorney review.
That said, it wasn't until attorney review that I pulled violations associated with the property (this lives in a different part of the city of Chicago website) and noticed there are two statuses "Violation Status" and "Inspection Status" - in some cases the Inspection Status is "Closed" but the Violation Status is "Open". Can someone help me understand what this discrepancy actually means and what liability I am under should the Violation Status remain "Open".
Thanks in advance!