Please help with house situation?

Question

What options do I have with a home that needs costly repairs and civil case awarded to defendant. (Contractor)
Civil case pending appeal however that is also too costly

Additional Details

20 hours ago
This was brand new home and I sued the contractor but the judge found no wrongdoing. My question is what can I do with this house?

Repairs are 200K. The appeal would be less money but nonetheless still enough to fork out.

Answer 1

I know someone going through the same thing. The foundation slab is cracking so bad the doors aren't closing right anymore and much more problems. They are trying to fight this big name builder and not getting anywhere. It's really tough, but sometimes its who has the money that wins the case.

Keep trying to fight. Go to a real estate attorney for help. Costs may be high, but you will have a better fighting chance. Good luck.

Answer 2

Sounds like you have some kind of structural defect. Without more details of the circumstances, it's impossible to give any specific advice.

You should get an estimate to correct the problem. Then you need to evaluate the repair costs versus the house value. A lot depends on the scale of problem -- can you stil live in the house? If it's something major and you can not even use the house, you may have to take a loss on the whole thing.

Otherwise, it looks like you will have to foot the bill for whatever the repairs are. Appealing the court decision may turn out to be more costly than the repairs.

Answer 3

If the house is still liveable, you can work with a contractor to make repairs on a piecemeal basis (one thing at a time) and pay with the equity you have in the house, or a home improvement loan.

You might try getting a really good real estate agent who specializes in problem houses, and sell it.

I'm sorry to hear about the trouble. This again shows how important a home inspection is, even with new houses. I was lucky that the defects in my brand new house (a few years back) were covered under the home owners warranty we bought. My Dad was a licensed contractor, so we got the defects (broken support beam, sub-standard plumbing) fixed for free. (The insurance paid my Dad).

Answer 4

Since the contractor was acquitted of any wrongdoing, I would say do the repairs yourself or sell the house.

Answer 5

Do you own the house? If so, start the repairs and do them as you can afford them.

Answer 6

You could resell it, but you will most likely have to disclose whatever the problem is.