[quote=infoseeker]Hi SK, thanks for the inputs… the note in the disclosure says that it was settled out of court. So does it mean a deposition might not have happened? Anyways its a good point that you mentioned that we could ask the correspondence between the attorneys and sellers[/quote]
At least 95% of CD cases settle before a trial starts, and most that get that far settle before it goes to a jury. Of the 100’s of cases I’ve been involved with (on the consultant side), maybe 15 to 20% get as far as homeowner depositions, most settle at some stage before that. (I can only recall 2 that got to a verdict, out of probably 300 cases, involving maybe 10,000 homes over the last 10 years.) Also, some settlements include non-disclosure clauses prohibiting the plaintiffs from disclosing settlement terms. If the sellers make that claim, call bullshit. You don’t need to know anything about the settlement terms. You only need to know about the claims, those are not part of standard non-disclosure clauses. As I said, the claims might be bogus or incidental, but at least you can have the opportunity to investigate their veracity.
