Topic: HPD Violations
I am about to go into contract for a townhouse, but I just discovered that the house has 113 HPD Violations (!). The sheer amount of violations is unsual (at least to me). The agent is trying to persuade me that given the violations are HPD and not DOB or CEB, this should not prevent me from getting a mortgage and should be very easy to remove down the line. The seller is not budging and is selling the house as is.
Any idea of how risky it is get involved with a property that has 113 HPD violations (they are almost equally distributed among A, B and C levels)? I am not a professional developer or expeditor and I have very limited budget, I dont want to get into a potentially very unpleasant situation.
Any pointers will be appreciated. Thank you.