Lorain City to Implement Point of Sale Inspections in 2014
Earlier this year, despite REALTOR® opposition[i], the Lorain City Council passed a point of sale ordinance, which takes effect January 1, 2014. Below are highlights of the legislation. Additional information can be found in an article on The Morning Journal website. [ii] Contact Lorain City Hall for more information at 440-204-2577.
- Start date of point of sale inspections will be Jan. 1, 2014.
- Inspection fee: $100/dwelling
- Application for “Certificate of Inspection” supplied by Chief Building Official (CBO)
- Inspection within 10 days of receipt of application & fee.
- Buildings will be inspected based on code requirements from year of construction.
- Code violations completed within 90 days, unless CBO extends compliance time.
- New construction is exempted when a home transfers from a builder to the first buyer when the building gets an occupancy certificate. After that, sellers must get a point of sale inspection.
- Certificate of Inspection issued if one of the following conditions has been met:
- All violations of the City of Lorain Building & Property Maintenance Code corrected; or
- If violations are not corrected within allotted time, the property owner puts amount necessary for repairs (determined by CBO) in escrow with escrow agent for subject real estate transaction; or
- The buyer may sign and “assumption” form & put amount necessary for repairs (determined by CBO) in escrow with escrow agent for subject real estate transaction. Once escrow process followed, the CBO will issue the certificate.
- Inspection Certificate valid for 12 months.
- A foreclosed home that returns to possession of a bank does not need a point of sale inspection. However, the house must have an inspection if the bank sells it to another buyer, or after two years.