seller disclosure: Lead Paint Removal Affects Remodeling An Older Home - 01/10/11 12:17 PM
From one of my latest columns, read more articles on my website: thinkglink.com
Q: I just found out that my house was built in 1972. When I bought the property, my paper work said it was built in 1985.
The only way I found out about the discrepancy is because I need to replace my garage door. The garage door company told me that with a house built in 1972, there is a possibility of lead paint. The company said it costs more money to remove the door due to possible lead paint.
But I’m now worrying that my house is … (1 comments)
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seller disclosure: Seller Disclosure Problems May Not Be Worth Time, Money & Effort to Fix - 08/27/09 11:56 AM
In most states, sellers are required to deliver a written disclosure to a buyer identifying all known major defects in a home. Some states have lengthy seller dislcosure forms for sellers to fill out while others may have a one page seller disclosure form.
Some states provide that if a buyer can prove that the seller lied on a seller disclosure form, the buyer not only can get damages from the seller to correct the item but can also recover any attorneys fees spent in going after the seller.
Seller disclosure cases often hinge on the buyer being able to prove … (0 comments)
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seller disclosure: Seller Disclosure: Sellers Responsible For Recalled Furnace In Sold Home? - 03/15/09 10:41 AM
Summary: Home sellers received a letter that the furnace in their sold home has been recalled. If a product is recalled, typically the company that manufactures it will repair or replace it. The contract will determine if the buyer or seller is responsible for getting the recalled furnace fixed.
Q: We sold our townhouse in early August. Two days ago, our agent advised us she had received a letter recalling the gas furnace.
Although the gas company that checked out the gas furnace in July (a month before closing) and found the furnace to be working properly, are we responsible … (0 comments)
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seller disclosure: Home Inspection Problems May Lead To Seller Disclosure Lawsuit - 02/28/09 01:39 PM
When you're buying a home you should have at least one home inspection that includes a look at the septic system. What's found during that home inspection depends on the caliber of the home inspector you hire.
If you discover problems with your septic system after the home inspection and after you've taken possession of the home, it may be a case of inadequate seller disclosure and you may be able to sue the seller for not telling you about the septic system problems.
It happened to one of my readers...
Question: Two years ago, I bought a home to remodel … (2 comments)
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