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What is the purpose of the Certificate of Use (CU) requirement for the sale of foreclosed properties?

April 26, 2017Certificate CU foreclosed properties purpose requirement sale

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What is the purpose of the Certificate of Use (CU) requirement for the sale of foreclosed properties?

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The new CU requirement is a consumer-protection legislation. The process of the new CU is to document and disclose to the public/buyer, the extent to which residential properties (i.e. single family, condominium, townhouse, or duplex) acquired in this way comply with all applicable building codes and zoning codes.