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Failure to disclose knocks out Muhammad Ali
Former Boxing Champ Muhammad Ali and his wife, Yolanda, are suing the couple who sold them their Louisville, Ky., mansion, according to multiple reports and Fox news. 
 
Ali and his wife claim that the former homeowners, Patrick and Beverly Lancaster, lied to them about problems with the home. The problems were discovered after moving in. The lawsuit states that the Alis were not informed of roof and chimney leaks, poor insulation, improper ventilation and mold.
Ali also says the Lancasters were well aware of these issues but still sold the home.
The Alis purchased the home in 2007
In Southern Virginia, Hampton Roads 7 cities from Virginia Beach to Williamsburg buyers are given a property disclosure disclaimer that states it is the buyer who needs to perform all prudent inspections and find out about the condition of the home, zoning, schools, and adjacent parcels before closing.  However, it does not relieve a homeowner from disclosing all known relevant problems with the home.  I do not like the form because it is not specific.   I like the old form that asked specifically does your roof leak yes or no.  Has your roof leaked yes or no.    With the new form if someone is ... more

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