We came across a property with lien for nuisance abatement, looks like it’s given for abandoned construction. We don’t mind buying it at a lower price and taking the permit and finishing the construction. Spouse says if it’s such lucrative deal why is it not picked up by flippers and doubtful there’s more trouble than we think.
Any insights would be appreciated.
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can you tell what the lien says? Not picked up by others is not a good reason to not explore this property
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Lein says ‘nuisance abatement’, asking the agent to get the disclosures to get more detail as it’s very generic.
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From wiki
San Francisco, California
In San Francisco, multiple departments work together to ensure safe neighborhoods through the use of nuisance abatement and other similar codes. The Department of Building Inspection is responsible for inspecting and citing violations of the building code, and their decisions are enforced by the City Attorney of San Francisco. California, in specific, has passed protective laws to help tenants and others damaged by these nuisances to be justly compensated. For instance, California mandates a strong Implied Warranty of Habitability, which sets requirements which they deem appropriate. Also there are laws like Civil Code 1942.4 which says no landlord can collect rent once a city agency has requested nuisance abatement. The Department of Health Inspection also has a way to report and inspect possible codes violations and order the removal of the problem. An additional city agency who responses to such nuisances is the Planning Department, who can have a city planner inspect the nuisance and see if it violates and city planning codes.
Is the home livable and free of life threatening issues?
There could be tons of liens from lenders vendors and subcontractors. Get a preliminary title report. Is it habitable? . Permit status? Call the contractor architect and engineer to get background information.
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It’s unfinished and doesn’t seem to have life threatening issues from the walk through. Will request the preliminary title report and permit status.
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You are taking huge risks. You will need a partner who is an expert in renovating and dealing with the inspection process. My guess is there are dozens of code and quality issues. Worst case some demolition will be required to expose work that didn’t get inspected. Find the inspection card and verify all the work was inspected.
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