Disclosure Statement
REM # F771 - Disclosure Statement is Fraudulent
By Ilyce R. Glink
Summary: Seller's property disclosure statement is supposed to list all known problems. Seller disclosure cases are tough to win because you have to have proof that the seller knew of the problem in order to win the suit.
Q: My wife and I purchased a home in April. The previous homeowners filled
out a seller's property disclosure statement in which they put down false answers
on questions having to do with dry rot and roof leakage.
What recourse do I have since they answered falsely in the disclosure statement?
I have called the prior owners him to pitch in some cash to get the home repaired, but they won’t help.
I have since undertaken to repair the dry rot myself. I have taken pictures of the damage prior to fixing it. All I want is for the prior owners to reimburse me for the materials I have used.
Thank you for any advice you can give me.
A: If you want the sellers to pay for the materials you've purchased, you will
likely have to sue them. If the sellers intentionally answered questions falsely
about the property on the seller disclosure statement, and you can prove that
they knew there were problems, then you may have a case and may be awarded damages
and even attorneys’ fees.
But before you start hiring an attorney, you should know that seller disclosure
cases are tough because you have to have proof that the seller knew, or should
have known, about the problem. You can prove this by finding contractors who
they hired to address the problem, getting receipts in some cases, interviewing
neighbors who may have heard them gripe about the problem, etc.
If you can't prove that they knew about the problems, you will probably not
win the case. While most states provide for attorneys fees for the homeowner
if you win a seller disclosure case, you may have to lay out a significant amount
of cash for the attorney ahead of time. You can avoid using an attorney if you
sue the seller in small claims court.
Good luck.
NOTE: Ilyce R. Glink's latest ebooks are "Credit Scoring Secrets" and "How to Find a Great Real Estate Agent," which are available at her website, www.thinkglink.com.If you have questions, you can call her radio show toll-free (800-972-8255) any Sunday, from 11a-1p EST. You can also write to Real Estate Matters Syndicate, PO Box 366, Glencoe, IL 60022 or contact her through her website, www.thinkglink.com © 2007 by Ilyce R. Glink. Distributed by Tribune Media Services
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