Real Estate Law
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The short answer is probably no, but you will have to negotiate to find out. Before you sign off on a deal, contact your local government’s Department of Condemnation and ask several questions:
(1) What, precisely, are the violations that caused the property to be condemned?
(2) Are there liens on the property?
(3) Will the government agree to a settlement?
This last factor alone can be tremendous: say there is a $20,000 lien attached to the title. If you show you have the resources to make the needed repairs, the government might and can agreed to waive much of the encumbrance. You will need to show a bank statement as proof of funds, proof that are authorized to take over the property and the seller has agreed to sell the property to you and a personal letter demonstrating that you know what the code issues are and that you have a plan to bring the property back up to snuff.
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