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Tine73
Member since 3/06 22093 total posts
Name:
*********
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We might not be buying the house anymore!! Updated - good news!
I am so mad..or sad really. I have been mentally decorating and furnishing it my head for 2 weeks now!
The contracts are ready to sign, but our lawyer pointed out that the sellers never go CO's for the deck, pool and the addition and electrical work that they did to the garage!
We just told our agent that the sellers we have to get the CO's or we are not going to proceed. Wish us luck!!
UPDATE: Our agent called us this morning and told us that sellers are going to do everything it takes to get the CO's. The hired an expediter to help them. Apparently they found a house that they want to buy, so they want to get this done asap! So..while it;d not 100% yet, I feel much better about it!
Message edited 12/3/2006 4:08:32 PM.
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Posted 12/1/06 2:41 PM  |
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belladi
LIF Adult
Member since 9/06 1011 total posts
Name:
diana
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Re: We might not be buying the house anymore!!
this happened to us, the had to get an expediter to speed up the process
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| Posted 12/1/06 2:42 PM |
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zeta1996
YUMMY!
Member since 9/06 2365 total posts
Name:
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Re: We might not be buying the house anymore!!
I may be wrong, but I dont think you can sell a house without the CO
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| Posted 12/1/06 2:45 PM |
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ODonnell
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Member since 9/05 5983 total posts
Name:
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Re: We might not be buying the house anymore!!
Your bank won't approve the mortgage unless all the CO's are in place.
We had an issue with the CO for the porch on our house, which has been there since the house was built in 1901 The owner took care of getting the CO in advance of the closing. It could still all work out for you
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| Posted 12/1/06 2:49 PM |
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PotofLuck06
Our Baby Boy Is Here!!!
Member since 11/06 13241 total posts
Name:
Betsy
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Re: We might not be buying the house anymore!!
Posted by zeta1996
I may be wrong, but I dont think you can sell a house without the CO
You can start selling it, but by the time the contracts are signed, the house needs to be have all the COs for the additions. My DH works for the Town of Brookhaven and a few houses we've looked at didn't have the co's needed and he doesn't want to deal with the owner getting them b/c half of the work was done illegally and would have to be removed (decks, etc)
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| Posted 12/1/06 2:50 PM |
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mtnmama
Member since 5/06 4794 total posts
Name:
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Message edited 6/4/2009 11:00:19 AM.
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| Posted 12/1/06 2:51 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: We might not be buying the house anymore!!
Try not worry - it will probably work out just fine! Hang in there - there are so many bumps along the road to home ownership its ridiculous!
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| Posted 12/1/06 2:52 PM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: We might not be buying the house anymore!!
does your attorney find this out for you prior to signing the contract?
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| Posted 12/1/06 2:52 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: We might not be buying the house anymore!!
Posted by SweetTooth
does your attorney find this out for you prior to signing the contract?
not usually - we have in our contract that they must obtain all C/Os.
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| Posted 12/1/06 2:55 PM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: We might not be buying the house anymore!!
fingers crossed!
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| Posted 12/1/06 2:56 PM |
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SweetTooth
I'm a tired mommy!
Member since 12/05 20105 total posts
Name:
Lauren
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Re: We might not be buying the house anymore!!
Posted by Meaghan729
Posted by SweetTooth
does your attorney find this out for you prior to signing the contract?
not usually - we have in our contract that they must obtain all C/Os.
OK. I am going to have to ask my attorney about this now... does it never end??
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| Posted 12/1/06 3:08 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: We might not be buying the house anymore!!
Posted by SweetTooth
Posted by Meaghan729
Posted by SweetTooth
does your attorney find this out for you prior to signing the contract?
not usually - we have in our contract that they must obtain all C/Os.
OK. I am going to have to ask my attorney about this now... does it never end??
tell me about it 
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| Posted 12/1/06 3:10 PM |
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BlondeJD
LIF Adult
Member since 10/06 1068 total posts
Name:
Me!!!
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Re: We might not be buying the house anymore!!
Christine, I'm sorry to hear that! I'm sure it will work out though 
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| Posted 12/1/06 3:10 PM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: We might not be buying the house anymore!!
Posted by SweetTooth
does your attorney find this out for you prior to signing the contract?
Yes, she did...
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| Posted 12/1/06 3:18 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: We might not be buying the house anymore!!
there are some mortgage companies that will allow this. But, I would want to have the COs in place. It still can happen.
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| Posted 12/1/06 3:36 PM |
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Mommy2Boys
My Boys!!!!
Member since 6/06 14437 total posts
Name:
C
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Re: We might not be buying the house anymore!!
I may be wrong, but I dont think you can sell a house without the CO
I agree. I dont know of many mortgage companies that will allow this. You should definitely have the CO's before proceeding. It will only be a headache for you later.
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| Posted 12/1/06 11:30 PM |
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ckdk
My girls
Member since 5/05 7027 total posts
Name:
Cheryl
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Re: We might not be buying the house anymore!!
Posted by belladi
this happened to us, the had to get an expediter to speed up the process
Us too, they had no CO for the semi inground pool which we wanted removed, if they didn't get the CO in time for closing they would have been responsible for removing it...they got it literally the day before...
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| Posted 12/2/06 9:33 AM |
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jenny
L O V E
Member since 4/06 2784 total posts
Name:
Mommy
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Re: We might not be buying the house anymore!!
Well it might work out since any potential buyer would need to have the CO's. It's in the sellers best interest to get them ASAP.
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| Posted 12/2/06 9:56 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: We might not be buying the house anymore!!
wow...they didn't get the CO for ALL of that
daaaaaaaaaaaaamn...
what is your lawyer saying about them getting it now?
how could they have not realized that they need this 
IMO i would becareful....if they do get them...their taxes are SURE to go up a lot.
Message edited 12/2/2006 10:00:23 AM.
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| Posted 12/2/06 9:59 AM |
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KateDevine
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Member since 6/06 24950 total posts
Name:
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Re: We might not be buying the house anymore!!
Posted by Blu-ize
there are some mortgage companies that will allow this. But, I would want to have the COs in place. It still can happen.
There are some. I know when my parents sold their house in 2005 they were havin a problem getting the CO for the deck and they put extra money in escrow and the buyer's mortgage company oked it.
They eventually got it worked out and got their money back.
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| Posted 12/2/06 10:41 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: We might not be buying the house anymore!!
Posted by KateDevine
Posted by Blu-ize
there are some mortgage companies that will allow this. But, I would want to have the COs in place. It still can happen.
There are some. I know when my parents sold their house in 2005 they were havin a problem getting the CO for the deck and they put extra money in escrow and the buyer's mortgage company oked it.
They eventually got it worked out and got their money back.
regardless....
finally getting the CO's on a addition, a deck and a pool
daaaaaaaaaaaaamn that is sure to make a change in their taxes
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| Posted 12/2/06 10:42 AM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: We might not be buying the house anymore!! Not looking good!
Well, it's not looking good! We found out that if they get the necessary CO's, they will most likely have to pay back taxes for the length of time since they made the renovations, and of course the taxes will go up. So, we have a feeling that they might back out. The husband doesnt even want to move and they are looking in the same neighborhood. They may decide to just stay there and deal with this stuff and then try to sell it again...
We probably won't find out anything until next week, so the hunt is on again! LOL
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| Posted 12/2/06 2:54 PM |
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PotofLuck06
Our Baby Boy Is Here!!!
Member since 11/06 13241 total posts
Name:
Betsy
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Re: We might not be buying the house anymore!!
Posted by BackInNewYork
Well, it's not looking good! We found out that if they get the necessary CO's, they will most likely have to pay back taxes for the length of time since they made the renovations, and of course the taxes will go up. So, we have a feeling that they might back out. The husband doesnt even want to move and they are looking in the same neighborhood. They may decide to just stay there and deal with this stuff and then try to sell it again...
We probably won't find out anything until next week, so the hunt is on again! LOL
Everyone has said this numerous times to me and my husband - everything happens for a reason, and you're dream is out there - it just hasn't been found yet!
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| Posted 12/2/06 3:51 PM |
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cjik
Welcome 2010!
Member since 2/06 8879 total posts
Name:
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Re: We might not be buying the house anymore!! Updated - good news!
I am really sorry--this must be very discouraging, but as others have said, things happen for a reason. It's good that your lawyer found this problem, so you didn't proceed even further.
Good luck--you'll find your house, there are plenty out there now!
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| Posted 12/3/06 5:37 PM |
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Nicole728
My Happy Girl
Member since 7/06 8198 total posts
Name:
Me
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Re: We might not be buying the house anymore!! Updated - good news!
that is great news!!! Hopefully everything moves quickly for you!
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| Posted 12/3/06 5:50 PM |
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