We bought a home in January 2007. We have had many electrical problems, and now some flooding in the front of the house with no explanation as of yet. The house was a flip, and we wonder if there was a lot not disclosed and wonder if there is anyway to get out of this house.
2007-08-28 07:07:40 · 7 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
If the old owner knew of problems and did not disclose them, you may be able to sue to have the transaction reversed or for the problems to be fixed.
If it was a flip, there is a good chance that he didn't know of the problems or that you will be unable to prove that he did know of them. That is one of the risks associated with purchasing a flip.
If the problems are relatively minor, you may well find it less expensive to fix the problems rather than seek legal recourse. You're well served to get an inspection now, if you didn't before, in order to get a better sense of the full scope of the issues.
This area is one that is notoriously difficult to prove.
2007-08-28 07:23:35 · answer #1 · answered by howie23 3 · 1⤊ 0⤋
If the previous owner knew of some serious problem and did not disclose it to you, you can take action against them. However, you cannot return the house.
2007-08-28 14:15:14 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Unless your city has specific laws, no. That is why EVERYONE should get a home inspection and a termite inspection at the very least.
2007-08-28 14:11:33 · answer #3 · answered by halestrm 6 · 2⤊ 0⤋
No, there is not. If you can PROVE that the previous owner knew that there were significant issues and that they took steps to hide them from you, you might successfully sue them.
2007-08-28 14:10:39 · answer #4 · answered by davidmi711 7 · 2⤊ 0⤋
Not exactly, but there are disclosure laws. If there are major issues you have to be told before you sign.
2007-08-28 14:10:51 · answer #5 · answered by Anonymous · 1⤊ 0⤋
If there was not full disclosure you should have recourse, see a lawyer. Good Luck!
2007-08-28 14:19:13 · answer #6 · answered by Anonymous · 1⤊ 0⤋
i don't think so. isn't that why there is an escrow period? you're supposed to get it inspected, etc.
2007-08-28 14:10:14 · answer #7 · answered by Gildardo F 5 · 0⤊ 0⤋