Originally posted by mo:
crabtree, I don't have as much experience as you but I recognize a good argument when I read one.
After answering Scenario 2 with all questions except for the litigation one. I wondered, where can you find this sort of deal. In any area or state is this acceptable (to the powers that be)? And if not how do you coup d'etat?
Two ways to do that...
One: owner pulls ALL the permits and pays 'cash' for everything (no construction loan). House can be lived in and inherited but not sold without a ton of waivers from the buyer.
Two: add one more step, call in an engineer after the fact for an "as built". Might have to go through several engineers (or park a tractor on the roof) to get that done.
