Disclosure and Saving for a Rainy Day
By lipply on Sep 1, 2006 in Uncategorized
Obviously, there are no limits to the number of instances in which sellers have failed to disclose hidden problems that become apparent only after the purchase. It might be a leaking roof after the first post closing rain fall, a leaking pipe after the first post closing bath, or the appearance of mold when lights are turned on for the first time in the attic (something a home inspection would surely catch). In all cases, the question is: What legal rights do these home purchasers have? Of course, the first place to begin this inquiry is an evaluation of the contract and of local state law concerning issues of misrepresentation.

