I bought a duplex two weeks back and come to find out it is condemned. The city is ready to tear it down. I got a GC to look at it and he is saying I need to pay $60,000 to remove the floors and walls so the city can inspect the joists. We looked at it prior to purchase and there was nothing really wrong. It needs some paint and TLC, not a wrecking ball!
I did purchase title insurance and I was told that there were no code violations, and one city lien, which I saw was satisfied in the public records. Do I have recourse? I really don’t want to have to go to court for a $30,000 property.