Updated over 10 years ago on . Most recent reply
House on demolition list
I am currently in my due dilligence period of a purchase and just found out that the property I am looking at is on the city's demolition list, pretty far down the list so I do not see this happening in the near future. Does anyone have experience getting a property off the list with a stay order? How do I go about it, what are the "golden tickets" for fighting this in court?
The property is structurally sound but has been vandilized and needs a lot of cleaning/updating. Any help would be greatly appreciated. Also, do you think this is grounds to renegotiate the purchase price? The price is 15% of the ARV.
Most Popular Reply
Seek other opportunities. There are many more out there waiting for your consideration.
From your post, it would seem you are trying to fabricate an investment opportunity. Time is money. You will be spending a lot of time on this one and still may lose. You never know what government people will do. Never.