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Rehabbing & House Flipping

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Joe Schaak
  • Investor
  • Stillwater, MN
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106
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Vacant Houses Code Compliance

Joe Schaak
  • Investor
  • Stillwater, MN
Posted Mar 23 2016, 14:36

I've been looking at several Category 2 Vacant buildings. A couple of them are up on Hubzu and Auction.com and are bank-owned buildings and have not had the code compliance report completed yet. Can the bank sell the property without completing that report? If I make an offer, do I need to specify it being contingent on completion of that report or is that an industry standard?

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