Sellers were plaintiffs in class action lawsuit

[sdduuuude]

Try talking to the neighbors, too. (You should do that anyway to see if you like the neighbors).
They may know the history well and they may also know of other things that are problems in the tract.

[infoseeker]

thanks again…. one main question is am i required to disclose about this if I were to sell this home again. Also generally do homes with such disclosures have issues with resale.

[infoseeker]

thanks again…. one main question is am i required to disclose about this if I were to sell this home again. Also generally do homes with such disclosures have issues with resale.

[infoseeker]

thanks again…. one main question is am i required to disclose about this if I were to sell this home again. Also generally do homes with such disclosures have issues with resale.

[infoseeker]

thanks again…. one main question is am i required to disclose about this if I were to sell this home again. Also generally do homes with such disclosures have issues with resale.

[infoseeker]

thanks again…. one main question is am i required to disclose about this if I were to sell this home again. Also generally do homes with such disclosures have issues with resale.

[SK in CV]

That’s two good questions!! But not being a real estate attorney nor a broker, I don’t know the answers to either question. I suspect you are only required to disclose what you know. If you learn that the defects are significant, you probably won’t want to buy the house. If you learn they’re insignificant there’s nothing to disclose. But get better advice before you sell the house you haven’t purchased yet 🙂

[SK in CV]

That’s two good questions!! But not being a real estate attorney nor a broker, I don’t know the answers to either question. I suspect you are only required to disclose what you know. If you learn that the defects are significant, you probably won’t want to buy the house. If you learn they’re insignificant there’s nothing to disclose. But get better advice before you sell the house you haven’t purchased yet 🙂

[SK in CV]

That’s two good questions!! But not being a real estate attorney nor a broker, I don’t know the answers to either question. I suspect you are only required to disclose what you know. If you learn that the defects are significant, you probably won’t want to buy the house. If you learn they’re insignificant there’s nothing to disclose. But get better advice before you sell the house you haven’t purchased yet 🙂

[SK in CV]

That’s two good questions!! But not being a real estate attorney nor a broker, I don’t know the answers to either question. I suspect you are only required to disclose what you know. If you learn that the defects are significant, you probably won’t want to buy the house. If you learn they’re insignificant there’s nothing to disclose. But get better advice before you sell the house you haven’t purchased yet 🙂

[SK in CV]

That’s two good questions!! But not being a real estate attorney nor a broker, I don’t know the answers to either question. I suspect you are only required to disclose what you know. If you learn that the defects are significant, you probably won’t want to buy the house. If you learn they’re insignificant there’s nothing to disclose. But get better advice before you sell the house you haven’t purchased yet 🙂

[bsrsharma]

am i required to disclose about this

Yes.

We bought a home that was involved in a similar suit about water logging, drainage and resultant differential settlement (of soil) issues. We were given a few microfilm reels of legal paperwork during disclosure (the litigation happened in the ’80s). Being a nerd, I even went to a library and read some of the microfilms and concluded most of the issues litigated were fairly minor. The seller got an award and used it to put some french drains. When we sold the house, we disclosed and handed over the microfilm reels (not sure if the buyers understood what to do with them; This was in 2005, when microfilm was obsolete).

The important thing is, our agent asked us if there was any lawsuit regarding our property and wanted enough information so that we were all on safe ground with respect to disclosure.

[bsrsharma]

am i required to disclose about this

Yes.

We bought a home that was involved in a similar suit about water logging, drainage and resultant differential settlement (of soil) issues. We were given a few microfilm reels of legal paperwork during disclosure (the litigation happened in the ’80s). Being a nerd, I even went to a library and read some of the microfilms and concluded most of the issues litigated were fairly minor. The seller got an award and used it to put some french drains. When we sold the house, we disclosed and handed over the microfilm reels (not sure if the buyers understood what to do with them; This was in 2005, when microfilm was obsolete).

The important thing is, our agent asked us if there was any lawsuit regarding our property and wanted enough information so that we were all on safe ground with respect to disclosure.

[bsrsharma]

am i required to disclose about this

Yes.

We bought a home that was involved in a similar suit about water logging, drainage and resultant differential settlement (of soil) issues. We were given a few microfilm reels of legal paperwork during disclosure (the litigation happened in the ’80s). Being a nerd, I even went to a library and read some of the microfilms and concluded most of the issues litigated were fairly minor. The seller got an award and used it to put some french drains. When we sold the house, we disclosed and handed over the microfilm reels (not sure if the buyers understood what to do with them; This was in 2005, when microfilm was obsolete).

The important thing is, our agent asked us if there was any lawsuit regarding our property and wanted enough information so that we were all on safe ground with respect to disclosure.

[bsrsharma]

am i required to disclose about this

Yes.

We bought a home that was involved in a similar suit about water logging, drainage and resultant differential settlement (of soil) issues. We were given a few microfilm reels of legal paperwork during disclosure (the litigation happened in the ’80s). Being a nerd, I even went to a library and read some of the microfilms and concluded most of the issues litigated were fairly minor. The seller got an award and used it to put some french drains. When we sold the house, we disclosed and handed over the microfilm reels (not sure if the buyers understood what to do with them; This was in 2005, when microfilm was obsolete).

The important thing is, our agent asked us if there was any lawsuit regarding our property and wanted enough information so that we were all on safe ground with respect to disclosure.

[Author]

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