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Real Estate Purchase and Sale - Open Permits

Open Permits (also referred to as Unclosed permits) are a continuing source of aggravation for Vendors (Sellers) and Purchasers in both the residential and commercial real estate market.  This occurs when a contractor has done work but failed to call for the County or municipality final  inspection and therefore, failed to close the permit.  This is often discovered at the time of sale. Often, the Seller has no idea that the permit is still open. The Seller may have paid the contractor in good faith, believing the work to be fully completed. The contractor may now be long gone. The Buyer doesn't want to deal with an unclosed permit and the expense of satisfying the County. Tempers flare, deals blow up.

Click to hear an interview with Ms. Deifik about open permits and possible legislation to cure problem:

https://www.youtube.com/watch?v=HUlcmoOOJhA

For more info, go to: http://www.celiadeifik.com/real-estate-purchase-and-sale-contract-disputes/

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