Sellers were plaintiffs in class action lawsuit

[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.

[Ricechex]

Do you have to have “proven” fact in order to disclose? Our property had a water issue too, overwatering by the condo conversion next door, up the hill. (Don’t buy a house on the bottom of a hill!) The water flowed downhill and through the city’s meter, along the pipes and right under house. It was a bad scenario and took almost a year to get the condo conversion to do something. We installed french drains and a sump pump. The pump is on city property, in front of the water meter. I know, I know, its bad, but the City would do nothing and there was mass amounts of water coming up from ground onto the house. Cost thousands of dollars too…. Do we have to disclose this?

[Ricechex]

Do you have to have “proven” fact in order to disclose? Our property had a water issue too, overwatering by the condo conversion next door, up the hill. (Don’t buy a house on the bottom of a hill!) The water flowed downhill and through the city’s meter, along the pipes and right under house. It was a bad scenario and took almost a year to get the condo conversion to do something. We installed french drains and a sump pump. The pump is on city property, in front of the water meter. I know, I know, its bad, but the City would do nothing and there was mass amounts of water coming up from ground onto the house. Cost thousands of dollars too…. Do we have to disclose this?

[Ricechex]

Do you have to have “proven” fact in order to disclose? Our property had a water issue too, overwatering by the condo conversion next door, up the hill. (Don’t buy a house on the bottom of a hill!) The water flowed downhill and through the city’s meter, along the pipes and right under house. It was a bad scenario and took almost a year to get the condo conversion to do something. We installed french drains and a sump pump. The pump is on city property, in front of the water meter. I know, I know, its bad, but the City would do nothing and there was mass amounts of water coming up from ground onto the house. Cost thousands of dollars too…. Do we have to disclose this?

[Ricechex]

Do you have to have “proven” fact in order to disclose? Our property had a water issue too, overwatering by the condo conversion next door, up the hill. (Don’t buy a house on the bottom of a hill!) The water flowed downhill and through the city’s meter, along the pipes and right under house. It was a bad scenario and took almost a year to get the condo conversion to do something. We installed french drains and a sump pump. The pump is on city property, in front of the water meter. I know, I know, its bad, but the City would do nothing and there was mass amounts of water coming up from ground onto the house. Cost thousands of dollars too…. Do we have to disclose this?

[Ricechex]

Do you have to have “proven” fact in order to disclose? Our property had a water issue too, overwatering by the condo conversion next door, up the hill. (Don’t buy a house on the bottom of a hill!) The water flowed downhill and through the city’s meter, along the pipes and right under house. It was a bad scenario and took almost a year to get the condo conversion to do something. We installed french drains and a sump pump. The pump is on city property, in front of the water meter. I know, I know, its bad, but the City would do nothing and there was mass amounts of water coming up from ground onto the house. Cost thousands of dollars too…. Do we have to disclose this?

[Ricechex]

Do you have to have “proven” fact in order to disclose? Our property had a water issue too, overwatering by the condo conversion next door, up the hill. (Don’t buy a house on the bottom of a hill!) The water flowed downhill and through the city’s meter, along the pipes and right under house. It was a bad scenario and took almost a year to get the condo conversion to do something. We installed french drains and a sump pump. The pump is on city property, in front of the water meter. I know, I know, its bad, but the City would do nothing and there was mass amounts of water coming up from ground onto the house. Cost thousands of dollars too…. Do we have to disclose this?

[Ricechex]

Do you have to have “proven” fact in order to disclose? Our property had a water issue too, overwatering by the condo conversion next door, up the hill. (Don’t buy a house on the bottom of a hill!) The water flowed downhill and through the city’s meter, along the pipes and right under house. It was a bad scenario and took almost a year to get the condo conversion to do something. We installed french drains and a sump pump. The pump is on city property, in front of the water meter. I know, I know, its bad, but the City would do nothing and there was mass amounts of water coming up from ground onto the house. Cost thousands of dollars too…. Do we have to disclose this?

[Ricechex]

Do you have to have “proven” fact in order to disclose? Our property had a water issue too, overwatering by the condo conversion next door, up the hill. (Don’t buy a house on the bottom of a hill!) The water flowed downhill and through the city’s meter, along the pipes and right under house. It was a bad scenario and took almost a year to get the condo conversion to do something. We installed french drains and a sump pump. The pump is on city property, in front of the water meter. I know, I know, its bad, but the City would do nothing and there was mass amounts of water coming up from ground onto the house. Cost thousands of dollars too…. Do we have to disclose this?

[Ricechex]

Do you have to have “proven” fact in order to disclose? Our property had a water issue too, overwatering by the condo conversion next door, up the hill. (Don’t buy a house on the bottom of a hill!) The water flowed downhill and through the city’s meter, along the pipes and right under house. It was a bad scenario and took almost a year to get the condo conversion to do something. We installed french drains and a sump pump. The pump is on city property, in front of the water meter. I know, I know, its bad, but the City would do nothing and there was mass amounts of water coming up from ground onto the house. Cost thousands of dollars too…. Do we have to disclose this?

[Ricechex]

Do you have to have “proven” fact in order to disclose? Our property had a water issue too, overwatering by the condo conversion next door, up the hill. (Don’t buy a house on the bottom of a hill!) The water flowed downhill and through the city’s meter, along the pipes and right under house. It was a bad scenario and took almost a year to get the condo conversion to do something. We installed french drains and a sump pump. The pump is on city property, in front of the water meter. I know, I know, its bad, but the City would do nothing and there was mass amounts of water coming up from ground onto the house. Cost thousands of dollars too…. Do we have to disclose this?

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