Aside from the points made by others, no bank/mortgage company will touch a
property which does not have a Certificate of Occupancy on an extension, or
in this case, a finished area. Ask the current owner if he/she is willing
to do the legwork to get the C of O and pay the fines. It can get very
expensive and time consuming. If he/she won't, walk away.
--
C.J.

Pull my pud to reply


"Basha" wrote in message
m...
Hi,

I am in house hunting for the last one month and found a suitable
house recently. I am thinking of buying it. When I went to to get the
survey map from the city governmemnt, I learned that they don't have a
record of basement finished. The previous owner who actually completed
the basement didn't get the permit for it. The basement has 2
bedrooms, one bathroom and a large family room with fire place. Is
there any risk involved in buying this house?

You comments greatly appreciated.

Thanks
Basha