In November, New York City agent Mike Fabbri was fed up with an expensive, deal-stalling problem.  Over the past 18 months, six of his pending transactions had been held up thanks to open permits for past renovation work filed with the Department of Buildings.  Home renovations typically require permits — and once the work is done, those permits must be formally closed out. But when that step gets missed, the open permit can resurface late in the sales process, often in a title report, and bring a deal to a standstill as neither side wants to absorb the liability. Closing […]

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