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When a property is being refinanced or sold why must the present owner be responsible to legalize additions or alterations that were done by previous owners many years ago?

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When a property is being refinanced or sold why must the present owner be responsible to legalize additions or alterations that were done by previous owners many years ago?

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Any additions or alterations done without building permits are considered violations and the current owner is responsible to rectify said violations if brought to the attention of the building department.

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