lack of co for converted garage space

We are considering buying a home that converted the attached garage to living space, but didn’t obtain the appropriate certificate of occupancy. The seller is elderly and does not want to hold up the process of selling the home and has proposed that we the buyer take on the responsibilty of obtaining the CO. We understand this could be an issue with obtaining financing from a bank, but are there other risks?

By | 06/03/2007 10:12 AM