Hi,
I'm about to purchase a home in NYC and found out that the owner owes $22,000 in unpaid water bill. The DEP tells me that I wouldn't be responsible as long as the owner does a final reading on the house. But I'm skeptical of that.
Recently, the owner is said he's willing to repay this amount upon sales of the house. But I heard that the water company will place a lock on the meter if the debt goes above $10,000. So I'm wondering how much it'll cost me to unlock the meter again? Any advice is appreciated.
Thanks,
Joe Grehe.