mriordan23
Freshman Member
- Joined
- Jul 29, 2014
- Professional Status
- General Public
- State
- Maryland
I am attempting to sell a house in Maryland with an unpermitted bathroom. I declared it as a latent defect. The inspection and appraisal went fine, but the lender put as a requirement I get the county to say it was to code (which seems to me to mean get permits).
I obviously made a mistake not getting the permit at the time of the work and if it comes to it may have to get permits after the fact. This scares me (rough in for plumbing partly under concrete) but I may have no other choice. Lesson learned and won't happen again!
My question is just a ball park one regarding lenders. I know you can't speak to specifics probably lending wise (which banks do what), but I was curious which % of lenders approximately will not lend on the house without the permit from county. I had talked to my lender who mentioned some lenders will just require the inspector to speak to the workman like nature of the bathroom or that it looks to code. But it is clear to me some lenders just flat out won't lend without the permit as I found out.
Can you give a ball park % of how many will and won't? My last contract fell through as a result and am more just curious the chances if its just up to the lender, if it will fall through again automatically.
I would have posted this at lendersforum but I don't think it exists :laugh:
I obviously made a mistake not getting the permit at the time of the work and if it comes to it may have to get permits after the fact. This scares me (rough in for plumbing partly under concrete) but I may have no other choice. Lesson learned and won't happen again!
My question is just a ball park one regarding lenders. I know you can't speak to specifics probably lending wise (which banks do what), but I was curious which % of lenders approximately will not lend on the house without the permit from county. I had talked to my lender who mentioned some lenders will just require the inspector to speak to the workman like nature of the bathroom or that it looks to code. But it is clear to me some lenders just flat out won't lend without the permit as I found out.
Can you give a ball park % of how many will and won't? My last contract fell through as a result and am more just curious the chances if its just up to the lender, if it will fall through again automatically.
I would have posted this at lendersforum but I don't think it exists :laugh:
