Inspection Period

During that one month period you are supposed to have the property checked out physically and legally (by doing a title search to check there are no outstanding liens against the property). Liens can include the following: 1.IF money is owed by the property since the old owner didn't pay his property tax or his HOA fees. 2. If lawsuits against the property since the old owner had renovations done, but didn't pay the renovation company 3. fines against the property because the person did illegal alterations that violated the building code