Any risk in buying a house with finished basement without permit -Please advise
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
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