On 10/23/2015 12:39 PM, Brooklyn1 wrote:
> On Thu, 22 Oct 2015 23:54:08 -0400, Nancy Young
> > wrote:
>
>> On 10/22/2015 9:41 PM, Ed Pawlowski wrote:
>>
>>> The CO is required when the house is built, but I've never seen mine in
>>> any of my houses as I was not the first owner. CO has nothing to do
>>> with taxes, that is determined by an evaluation and assessment by an
>>> independent company every five years.
>>
>> A CofO is required when houses change hands in my town, and I believe
>> that's very common where I live. Still, a friend bought a house a
>> few towns over, they do not require one, when a house changes hands,
>> at any rate.

My mortgage company had already cut the check before the CO was
done, ditto the title insurance. No on asked for that document,
not the subesequent refis I went through, either.

> Lenders require a CO, so do title companys... perhaps your friend paid
> all cash and didn't want to spring the bucks for title insurance,
> which is very dumb.

No, she did not pay cash.
>
>> Of course, having one is not like having the house inspected, they
>> just check a few things. And having an inspection doesn't mean you'll
>> get all the information you need, I don't even know if there are
>> requirements to say you're an inspector.

> Lenders typically require certain inspections; well and water quality,
> sceptic system, termites, roof and drainage, and perhaps a few other
> items such as a recent survey... the lender will determine what
> inspections are required. Yes, an inspector must be licensed.

For those things, I guess. The exterminators do the termite check,
I'm on city water and sewer, no inspections there. No inspections
aside from the CO which barely looks at anything.


> Most
> buyers obtain a list of inspectors from their lending institution or
> realtor, or closing attorney. A buyer would have to be very stupid
> not to have a total inspection of a resale, resales are sold as is,
> unless a realtor gives some kind of warranty the second after closing
> it's all yours with no recourse.

Nothing wrong with getting an inspector to go over the house, but
if they miss even big things, you're SOL. That's why you hope you
get a good one.

nancy