In a legal sense, what constitutes fraud.?

Question

Pertaining to property disclosure statements.

If you found out that:

2 years and 7 months prior to the purchase of your 100+ year old home, the previous owners had video taped the entire sewer system and subsequently removed a section of sewer pipe underneath their sidewalk. And found that the sewer cleanout in the basement had extensive wear from being repeatedly snaked and you remember all of their belongings being placed on crates in the basement...

After having repeated sewer backup problems yourself and finding that a much bigger and more expensive problem exists than just replacing a section of sewer pipe, ie the pipes in the back yard are collapsing, would you believe the previous owners when they said that they totaly forgot about ever having had a problem when filling out and signing the property disclosure form? And that after their repair they never had another problem? And when viewing the video tape of the sewer line "it was a funny tape, so they threw it away."

Plausible?

Answer 1

Not disclosing anything that you are or have been made aware of, that would adversely affect the value of your property.

Answer 2

Every state is going to have a statue of limitation on disclosure. You need to go to an attorney who can review the disclosure notice and the actual problem.

Answer 3

That's going to depend on the laws governing your state.

Go here for more info and to find an attorney

http://www.lawinfo.com/index.cfm/fuseaction/Client.lawarea/categoryid/35

Answer 4

if you leave something off you know is wrong and it can be proved

seen several cases