Sellers were plaintiffs in class action lawsuit

[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.

[SD Realtor]

All material facts must be disclosed to potential buyers.

[SD Realtor]

All material facts must be disclosed to potential buyers.

[SD Realtor]

All material facts must be disclosed to potential buyers.

[SD Realtor]

All material facts must be disclosed to potential buyers.

[SD Realtor]

All material facts must be disclosed to potential buyers.

[UCGal]

[quote=jpinpb]I remember back in the day there was a class action suit brought against a developer for polybutylene piping. There was a settlement. People got money, but some people didn’t remedy the problem.[/quote]
OT/Hijack…

I have a friend in Penasquitos with that problem in her house. Apparently you had to have had burst pipes during a certain timeframe to collect – so they didn’t collect a dime. Now, years later, all of their water lines are bursting and they’re looking at spending serious $$ to replace all their pipes. It’s so bad they turn off the water to their house when they go away for a weekend, out of fear they’ll get another burst pipe.

[UCGal]

[quote=jpinpb]I remember back in the day there was a class action suit brought against a developer for polybutylene piping. There was a settlement. People got money, but some people didn’t remedy the problem.[/quote]
OT/Hijack…

I have a friend in Penasquitos with that problem in her house. Apparently you had to have had burst pipes during a certain timeframe to collect – so they didn’t collect a dime. Now, years later, all of their water lines are bursting and they’re looking at spending serious $$ to replace all their pipes. It’s so bad they turn off the water to their house when they go away for a weekend, out of fear they’ll get another burst pipe.

[UCGal]

[quote=jpinpb]I remember back in the day there was a class action suit brought against a developer for polybutylene piping. There was a settlement. People got money, but some people didn’t remedy the problem.[/quote]
OT/Hijack…

I have a friend in Penasquitos with that problem in her house. Apparently you had to have had burst pipes during a certain timeframe to collect – so they didn’t collect a dime. Now, years later, all of their water lines are bursting and they’re looking at spending serious $$ to replace all their pipes. It’s so bad they turn off the water to their house when they go away for a weekend, out of fear they’ll get another burst pipe.

[UCGal]

[quote=jpinpb]I remember back in the day there was a class action suit brought against a developer for polybutylene piping. There was a settlement. People got money, but some people didn’t remedy the problem.[/quote]
OT/Hijack…

I have a friend in Penasquitos with that problem in her house. Apparently you had to have had burst pipes during a certain timeframe to collect – so they didn’t collect a dime. Now, years later, all of their water lines are bursting and they’re looking at spending serious $$ to replace all their pipes. It’s so bad they turn off the water to their house when they go away for a weekend, out of fear they’ll get another burst pipe.

[UCGal]

[quote=jpinpb]I remember back in the day there was a class action suit brought against a developer for polybutylene piping. There was a settlement. People got money, but some people didn’t remedy the problem.[/quote]
OT/Hijack…

I have a friend in Penasquitos with that problem in her house. Apparently you had to have had burst pipes during a certain timeframe to collect – so they didn’t collect a dime. Now, years later, all of their water lines are bursting and they’re looking at spending serious $$ to replace all their pipes. It’s so bad they turn off the water to their house when they go away for a weekend, out of fear they’ll get another burst pipe.

[Diego Mamani]

“All material facts must be disclosed to potential buyers.”

That’s precisely the OP’s question: Is this fact material or not? The answer is not obvious to me.

I bought a new house from Centex in Orange County in 2001. A couple of years later we got letters from attorneys inviting us to sue Centex. The builder sent counter-letters arguing that litigation could be lenghty and that resale values may be depressed until a settlement is reached. Did I mention that the houses had no problems (defects) whatsover?

I returned the lawyer’s postage-paid envelope with some obscenities inside. Ambulance chasers like them make it harder to invest and create jobs.

[Diego Mamani]

“All material facts must be disclosed to potential buyers.”

That’s precisely the OP’s question: Is this fact material or not? The answer is not obvious to me.

I bought a new house from Centex in Orange County in 2001. A couple of years later we got letters from attorneys inviting us to sue Centex. The builder sent counter-letters arguing that litigation could be lenghty and that resale values may be depressed until a settlement is reached. Did I mention that the houses had no problems (defects) whatsover?

I returned the lawyer’s postage-paid envelope with some obscenities inside. Ambulance chasers like them make it harder to invest and create jobs.

[Diego Mamani]

“All material facts must be disclosed to potential buyers.”

That’s precisely the OP’s question: Is this fact material or not? The answer is not obvious to me.

I bought a new house from Centex in Orange County in 2001. A couple of years later we got letters from attorneys inviting us to sue Centex. The builder sent counter-letters arguing that litigation could be lenghty and that resale values may be depressed until a settlement is reached. Did I mention that the houses had no problems (defects) whatsover?

I returned the lawyer’s postage-paid envelope with some obscenities inside. Ambulance chasers like them make it harder to invest and create jobs.

[Diego Mamani]

“All material facts must be disclosed to potential buyers.”

That’s precisely the OP’s question: Is this fact material or not? The answer is not obvious to me.

I bought a new house from Centex in Orange County in 2001. A couple of years later we got letters from attorneys inviting us to sue Centex. The builder sent counter-letters arguing that litigation could be lenghty and that resale values may be depressed until a settlement is reached. Did I mention that the houses had no problems (defects) whatsover?

I returned the lawyer’s postage-paid envelope with some obscenities inside. Ambulance chasers like them make it harder to invest and create jobs.

[Author]

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