water damage
Seller Disclosure: Lawsuit May Not be Worth Time and Effort To Fix Problem
Seller disclosure is required in most states, meaning a seller has to reveal any defects or problems with the house to a buyer. However, the seller disclosure laws and requirements vary greatly from state to state. If a buyer discovers problems with the home that they think were not revealed through seller disclosure, they should evaluate the money, time and effort it will take to fix the problem. Often it’s a simple fix to the house, but the seller disclosure lawsuit can leave you with a lot of legal fees.
Homeowners Association Won’t Help With Neighbor Dispute
A homeowners association may be able to help property owners in disputes between neighbors. If the association can’t or won’t help you, your local city, village or town government may help you. In many municipalities, local codes and ordinances require homeowners to abide by certain rules when it comes to issues like installing gutters and downspouts and how it affects the flow of water from one lot to another.
Home Inspection Problems May Lead To Seller Disclosure Lawsuit
When you’re buying a home you should have at least one home inspection that includes a look at the septic system. What’s found during that home inspection including the septic system depends on the caliber of home inspector you hire. If you discover problems with your septic system after the home inspection and after you’ve taken possession of the home, it may be a case of inadequate seller disclosure and you may be able to sue the seller for not telling you about the septic system problems.
Holding Builder Responsible For Problem In New Construction Home
In some states, buyers have the right to pursue action against a builder for issues in their new home. But getting a builder to fix problems in a new home depends on what is outlined in the warranty. In this case, the buyer might be protected because the builder tried unsuccessfully several times to fix the problem.
HOA Charges Special Assessment For Water Damage
What can you do when you have to pay a special assessment to your homeowners association (HOA) for water damage? Are the condo sellers liable for telling you about the water damage prior to sale? How can you find out if you’re at risk for special assessments prior to buying a home with an HOA?
When Neighbor’s Damage Becomes Your Damage
For the past 30 years, my aunt and uncle have lived in a second floor condominium in an old 4-story building. About 3 years ago, a new owner moved into the unit above them. For the eighth time, the neighbor above them has caused water damage in their unit. The neighbor has always refused to make an insurance claim and has refused to pay for the damage.
Who’s Responsible For Damage Between Inspection And Closing?
Home buyers recently purchased a home that has severe hail damage from a storm between their home inspection and closing. In many states, it is still buyer beware when it comes to buying the home and if the seller did not lie or hide damage to the home, the seller may be off the hook for damage caused to the home. If the home buyer’s state has a seller disclosure law that requires the seller to disclose this type of damage, the buyer may be able to sue the seller for the damage.
Home Buyer Wants Seller To Pay For Waterproofing
A home seller disclosed a basement water problem before closing on her home. The buyer now wants the seller to pay for waterproofing the basement even though the problem was disclosed. Most states have a seller disclosure law for residential real estate transactions that require a seller to disclose to a buyer defects or major problems with a home.
Water Damage: Seller Disclosure Issue?
When it comes to proving disclosure fraud, the buyers have to prove that the sellers knew or should have known about the problem. This recent home seller’s buyer claims he knew about the potential for water damage and should have mentioned it as part of seller disclosure prior to the home sale. The home seller says he had minimal water damage while living in the home and wants to know how to interact with the home buyer concerning the issues of water damage and seller disclosure.
Is Seller Responsible For Water Damage In Basement?
A home buyer asks about water damage and mold in the basement of the home they purchased after the seller disclosed there was a one-time event and the problem had been fixed. The buyer now wants to know if the seller is liable for the mold from the water damage and not disclosing it properly. Having documentation and a home inspection to back up the buyer’s claim will help her going forward in this seller disclosure situation.
