Is there anyway for me to track seller's movement?
Started by Ooya
about 8 years ago
Posts: 0
Member since: Nov 2016
Discussion about
I'm purchasing a new condo which already has its CoO done. The seller's agent told me this should make the closing process very smoothy. However, it turns out to be the other case - our closing date has been pushed for 2 months. I have checked the record and seeing its Tax Map has been approved 1.5 months before. However, the condo decalaration has never been posted on ACRIS. Right now I'm almost wondering if the seller is still moving forward and if there's anyway to check this (other than ask the seller's agent again). Could any one shed some lights over this? Also, is there anything else I should worried about before closing? e.g. any other paperworks that need to be approved by the SLOW gov. Thanks in advance for any advice :)
Yes, that's not uncommon. I've seen someone in a new redevelopment (former warehouse) in Manhattan that still doesn't have its permanent CofO 3 years post closing. Often times a temp CofO can keep getting rolled over.
In case you haven't found already: https://www.hauseit.com/useful-real-estate-websites-nyc/ really useful websites to do some more research on where these guys are in terms of approvals, permits etc.