I sold my house and the loan was closed last week. I've been living in the house since the loan was closed, and have to be out by the 15th. Since the loan was closed and all the paperwork signed last week, the hot water heater went out.
Am I liable to have it replaced? I'm still living in the house, but legally, it is no longer mine.
2007-06-07 10:20:19 · 7 answers · asked by cardinalfanusa 3 in Politics & Government ➔ Law & Ethics
I think some of you misread the question.
I sold MY house and had 2 weeks to get out. A week after the buyers loan closed, the hot water heater went out. I'm asking whether I'm liable to have it fix, or if it's the new owner's responsibility.
2007-06-07 11:26:31 · update #1
Nope. If they wanted to buy insurance for that window of time, they had that option. This is actually a common enough occurrence that there are insurance plans just for that exact reason, i.e. water heater going out, furnace and any other major home appliance. As a former realtor, I had experienced this sort of thing and always let my clients know about the insurance they could purchase from different companies and referred them to those companies if they were interested.
2007-06-07 10:28:42 · answer #1 · answered by Eisbär 7 · 0⤊ 0⤋
Legally,no,ethically,yes!
2007-06-07 10:45:15 · answer #2 · answered by BILLY R 2 · 0⤊ 0⤋
Well, if you had the house inspected, and then signed all of the papers, then yes, I believe you are. Once those papers are signed, the house and all of the problems are yours.
I would consult a lawyer.
2007-06-07 10:29:12 · answer #3 · answered by Helen Scott 7 · 0⤊ 0⤋
No you are not liable. I hope the new buyer bought a home warranty. I guess the home inspector didn't pick up any problems when they inspected it either.
2007-06-07 10:25:23 · answer #4 · answered by Anonymous · 1⤊ 0⤋
No you aren't. There should of been an inspector there checking things out. The papers have been signed so therefore you are lib able.
2007-06-07 10:34:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Ask the loan officer who was there when you closed.
2007-06-07 10:25:59 · answer #6 · answered by TedEx 7 · 0⤊ 0⤋
I would think you are.Why are you still in the house after the contracted deal closed anyway? Are you renting from them?
2007-06-07 10:29:07 · answer #7 · answered by thejrzdevil 2 · 0⤊ 1⤋