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Footing Depth and Permit Issues on Short Sale Home

strgt's picture

Hi all, new to the forum as I just began searching for a project home. I had some questions about a house that has issues getting a permit due to insufficiently deep footings on an illegally built addition. In addition the home is in a short sale but its listed at a steal for the area. Im told the bank had a contractor estimate the repairs at $15k to fix the issue to bring it up to code. What are some of this issues I could face if we decide to go down that route? Could we be liable for back taxes? Also, since the agent I am dealing with is representing the seller, should I be able to speak with a representative of the bank to find out information about the contractor and issues with the house? What are some things I should look out for in dealing with a home in this situation? 

What are some things I should (post #211449, reply #1 of 2)

What are some things I should look out for in dealing with a home in this situation?

Look out for banks, lawyers, real-estate agents, and shady or ignorant homeowners.  Other than that you haven't a worry.  Until it comes time to hire a contractor.

Of all the preposterous assumptions of humanity over humanity, nothing exceeds most of the criticisms made on the habits of the poor by the well-housed, well-warmed, and well-fed.  --Herman Melville

Put your hands in the air and back away slowly (post #211449, reply #2 of 2)

If you have to ask those questions you should move on. There is a reason it is listed for that price. Someone will get the deal they want. Probably not someone with your concerns.

If you do it fast enough, there is time to go back and fix it later!