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Updated about 6 years ago on . Most recent reply presented by

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13
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Rana Zaheer
  • Flipper/Rehabber
  • New York City, NY
1
Votes |
13
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Remove violation on auction bought property

Rana Zaheer
  • Flipper/Rehabber
  • New York City, NY
Posted

Hi we bought house in newyork, from public auction but did not check or investigate too much in detail at that time. Bought around 450k, later on realised there are previous owner Violations on the house totaling around 35k, prices in the areas have increased to 600-650k for similar properties, can we sell the same with Violations to the next seller? Or is there any way to get rid of this 35k Violations of illegal basement by previous owner, these were not done by us it was the previous owner / or the govt, because I bought it from public auction in Queens.

Any helpful comments be welcome to solve the issue

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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,510
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23,418
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

You have to talk to the dept that issued the violation....they will tell you how to correct it.  They typically will greatly reduce the fines when a new owner takes over, is Cooperative, and cures the problem.

For an illegal addition the cure is usually either to remove it, or pull a permit for it, have it inspected, fix anything done improperly.

The fine stays with the Property, yes You inherited it.

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