Of course, this means that the city knows what the violations are. I have seen buyers pay the fee and schedule the city's inspection, so the list of violations and the assumption can be completed before closing. However, it is more common for the seller to order and pay for the inspection. In some jurisdictions, the trend has been for the city to appoint an outside engineering company to do the inspections and you can get that company's name at city hall and then contact them yourself, if that's the way it's going to go.
I have seen inspection fees creep up to the $200.00 range. While that's a bit high, compared to the value of the property, it's really nothing, so, my advice is, if you want the property, do what you have to get it.
Having said that, I would NOT pay for repairs for a property that I did not own. The bank may not like it but in the ultimate, they have to obey local ordinance, just as any other homeowner. They should have legal counsel who will tell them that and, since you are dealing with a large corporate entity, one whose employees may not have a clue about NJ state or NJ municipal law and therefore a somewhat cavalier attitude, you should too.
Best of luck.
In my area the town doesn't care who does the repair, as long as its done.
Keller Williams Atlantic Shore
Congrats on you bid getting accepted. From my experience, ALL foreclosures are in AS IS condition. Most likely it always falls on the buyer to obtain the CCO and close out all open permits, etc. but all of this should've been disclosed in the original listing sheet. The agent should have typically disclosed house is as, buyer subject to all open permits/CCO, etc......etc...etc.... Is this the first that you are hearing of it? Had your agent not questioned this if it wasn't in the listing sheet? Sometimes the bank will do the proper repairs or some of the repairs but you will need to have that worked out asap and definitely in writing from the bank should the bank agree to the repairs. Do you know from the town what permits are open and what is not up to code, etc. so at least you have a ballpark figure of what this will cost should you still wish to buy the house?
With all that being said, it should have been disclosed to you before entering your offer that the house was as is and the bank not responsible for anything.
Gina Chirico, Sales Associate
Prudential NJ Properties