Work Permit


When a house changes title while in mid renovation, can the current filing be revised to change the name of the new owner? Is there a need to file a new application to complete the work?
It looks like only cosmatic finishing + new kitchens. All major mechanicals seens to be in order.

Categories: DOB
By ClintonHillGal | 08/03/2009 1:46 PM | Comment

Buying REO


Looking for anyone who have experience with buying a bank owned property- specifically how long did it take for the bank to make decision. I made an offer and is waiting for final acceptance (or not), but it’s taking a while. I want to confirm if this is typical or unusual. So far, it’s only been a couple of weeks, but I need to know if I should give up waiting and move on to other properties or give it another month or so. I can totally see myself being happy in the place but would walk away if the process get more complicated than necessary. Broker does not have a clue on timeline.

Categories: Real Estate
By ClintonHillGal | 07/21/2009 11:51 AM | Comment

Letter of Persuasion to Bank


Has anyone heard of a letter of persuasion to the bank, while applying for a mortgage, to explain to the bank why you want to buy a house? A family member is required to write such a letter for each of the applicants. It sounds very odd to me. We have many mortgages for various family members and noone has ever been asked for anything like that. Any thoughts?

Categories: Mortgage
By ClintonHillGal | 07/06/2009 10:42 AM | Comment