Forum Archive

I saw a home for sale and checked out NYC’s DOB website. Saw that the home was cited for some illegal work. Working w/o permits (hazards), illegal conversion of basement as apartment, illegal kitchen, etc. When it comes to buying a home with these issues can one find out what it would cost to make this home “compliant” and use that to deduct from asking price? Furthermore, will the bank close on a home with outstanding complaints?

Thanks.