Buying a home with unpaid water bill
Date: Fri, 07/08/2011 - 09:51
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.
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.
I would suggest talking with your real estate agent....they woul
I would suggest talking with your real estate agent....they would be more familiar with the way your water company works. Call and talk to the water company again....maybe get in writing that you will not be liable.
