Recall after Closing
By Ilyce R. Glink
Summary: A furnace is recalled after closing. Illyce reassures that the sellers have no responsibility.
Q: We sold our townhouse in early August. Two days ago, our agent advised us she had received a letter recalling the gas furnace.
Although the gas company checked out the furnace in July (a month before closing) and found the it to be working properly, are we responsible for the repairs or replacement of the furnace?
A: If a product is recalled, typically the manufacturer will repair the item or replace it. There may also be some cash involved to reimburse owners who had to shell out their own money for repairs.
Depending on what your contract says, this might be your responsibility but I'm guessing it will fall to the buyers to sort out. After all, you didn't know the gas furnace was being recalled, and it was checked out by a responsible third party. The buyers should pursue reimbursement, remuneration or replacement from the gas furnace manufacturer.
For more details, consult a real estate attorney.
NOTE: This column is distributed by Real Estate Matters Syndicate, PO Box 366, Glencoe, Illinois, 60022. This column may not be resold, reprinted, resyndicated or redistributed without written permission from the publisher.
Quit Claim Deed Transfers Property Taxes
Quit-Claim Deed Question
Deed in Lieu of Foreclosure Will Hurt Credit Rating
Will Refinancing Save Money?
Selling Home With Converted Breakfast Nook
Link to This Article
Like what you've read? Spread the word! You can link to this article
from your website by copying the following code and adding it to
a page on your website:
Copyright ©2001-2007. ThinkGlink, Inc.
All rights reserved. Reproduction of material from any www.ThinkGlink.com pages without permission is strictly prohibited.
Site designed by Walker Sands Communications
