Yes - contact the ECB about stipulation agreements, which can significantly reduce penalties owed. Many ECB fines accumulate because of default judgments entered when owners fail to respond. Stipulation agreements reopen these cases and often reduce penalties by 50-80%. Resolve before listing because unpaid ECB penalties constitute title liens that must be cleared at closing - and buyers' attorneys will demand full payoff from your proceeds if not addressed in advance.
This article provides general educational information only. It is not legal, tax, financial, insurance, compliance, housing, brokerage, or professional advice. Rules, tax rates, obligations, enforcement practices, and market conditions vary by property, building, contract, municipality, and jurisdiction, and they change. Sellers should consult a qualified attorney, CPA, or other appropriate professional before making decisions based on their specific situation.
From the seller playbook: Open Violations and DOB Records - Cure Strategy Before Listing
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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