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Re: Question on green card for multi family property
#4
Home away from home
Home away from home


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This is not in the realm of the city. For a resale, the city will only issue a smoke detector certification, not a CO. But that's only for a 3-family or less. For 4-families and above, the state must issue the green card and it's up to the seller to provide it. Throw this back to the sellers and their attorney.

Posted on: 2011/4/15 1:04
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Re: Question on green card for multi family property
#3
Home away from home
Home away from home


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Don't sweat it. If it had the green card, in 2010, you'll get it again and a CO. I dealt with many issues with the town, that is not one of them. Just go down to 30 (I think) Montgomery, and work it out. However..do it fast and don't say you've moved in yet. As long as you are not dealing with the Historic Board, you'll be fine.

Posted on: 2011/4/15 1:00
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Re: Question on green card for multi family property
#2
Home away from home
Home away from home


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Get an new lawyer. This is what they're supposed to know or find out for you, not shrug. Too many lawyers think of RE closings as easy money that takes no work.

Posted on: 2011/4/14 22:25
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Question on green card for multi family property
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Just can't stay away
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We are under contract to purchase a multi family property but just found out that its green card expired in 2010. Our lender and lawyer are unsure whether we can get get clean title without it.

The lender's lawyers said that as long as Jersey City does not require the green card for the CO that we can close without it and apply for it post-closing. However if Jersey City will not issue the CO without the green card then we have problems.

We are checking the status of the CO with the building department (supposedly it has one) but curious if anyone here knows anything about this.

Thanks.

Posted on: 2011/4/14 20:28
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