fromSFGATE
3 days agoHow Jersey Shore Sellers Lost $1.5M on Renovations: 5 Things To Know
The Breslins purchased a home for $575,000 and invested $400,000 in unpermitted renovations, leading to the collapse of a $1.5 million sale. Avoiding permits to sidestep costly requirements backfired for the Breslins, leading to a ruling that they fraudulently concealed the unpermitted work. Despite major defects uncovered during a home inspection, the Breslins failed to disclose issues to subsequent buyers, resulting in legal repercussions.
Real estate