Asked by Bob Loblaw, Reseda, CA • Wed Aug 19, 2009
while a property was bank owned, the city came by and gave a notice of abatement because the yard was a mess.While there the city inspected and found quite a bit of non-permitted construction. I spoke with the inspector on the phone and he claims it would cost a large amount to get this stuff up to code. However, the inspector and appraiser both found the property to be in above average condition.
At this point the seller (broker) and their client the bank are being difficult. I had to get very assertive and come in person for them to take any serious action. The owner of the agency claims that they will work with the city to make the deal close. I am dubious about this. They are also offering to credit me my inspection and appraisal fees on a future deal. The thing is, I have lost faith in their ability to steer clear of these types of problems. I am considering legal action. What do the experts say?
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