Asked by etho1416, 10703 • Wed Oct 10, 2012
Thinking of buying my late grandfathers house at a huge discount from his estate, doing basic updates, then selling. But I have found out that he finished the attic and put in a driveway 40 years ago without permits. So the upstairs is not on the CO and no survey exists at city hall so nothing with the driveway shown on it. When either I or a future buyer tries to get a mortgage, will the bank even notice these issues? I can afford to sell the house at a discount if buyer have an issue, but if they can't get a mortgage I am in trouble. I could get everything legalized, but would rather just make a quick flip.
Real Estate in Yonkers
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