Ask Experts Questions for FREE Help !
Ask
    2189Cathy's Avatar
    2189Cathy Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 13, 2013, 09:01 AM
    As-is property
    Purchased as is property 2008, also owner affadavit present, have now found damage that had not been disclosed at sale, we are now renovating and all joists are dry rotted and have been sistered by prior owner, also prior owner had run new septic line from added bathroom and compromised foundation, none of this noted in inspection, or disclosed before sale, is there any recourse?
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
    Uber Member
     
    #2

    Mar 13, 2013, 09:31 AM
    You bought a house without paying $100 for a home inspection? PARTICULARLY an as-is sale... thats a red flag FOR an inspection if there ever was one.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    Mar 13, 2013, 10:14 AM
    Do you understand what "As-Is" means? No there is no recourse. You should have done a very thorough inspection before buying an As-Is property.
    smoothy's Avatar
    smoothy Posts: 25,490, Reputation: 2853
    Uber Member
     
    #4

    Mar 13, 2013, 10:23 AM
    I notice he did mention inspection... but when that inspection occurred and by whom matters here... if they DID pay to have a home inspection PRIOR to the sale... then any recourse would be with the inspector for missing all that.

    As they found out... AS-IS means... this baby has problems.. and we don't want to deal with them so pay accordingly... just like an other sale... the only guarantee you have... is that they could convey clear title to the item... but no other warranty. When all the defects were open and visible to an inspector. ( I.E. they didn't have a crew replacing all the sheet rock covering up everything and putting a fresh coat of paint to hide everythingthe week before the sale)
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
    Expert
     
    #5

    Mar 13, 2013, 11:31 AM
    If (1) the defects were of a type that could not be viewed during a typical home inspection; and (2) if there were no conditions that would have put you or your inspector on notice that more inspections were needed; and (3) you can prove that the prior owner knew of these defects, then yes, you have recourse and can file a lawsuit.

    I suggest that you seek out a free consultation with an attorney in your area who specializes in construction litigation to see if you have a case.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Laws protecting property owners when mortgage company moves mobile home off property [ 3 Answers ]

My mother had a mobile home on our property and she recently passed away. There is a screened porch attached that my husband and I paid to have built. There is hard stucco all around the bottom of the home that will have to be broken up before the home is moved. The mortgage company wants to come...

Is property bought with heneritance money considered community property in Texas? [ 0 Answers ]

My step mother purchased property with monies that was left to her by her father. It was raw land at the time. There have been improvements made to the property by my father. Is it now considered community property? Is there a deed that would make it not community property?

Property taxes put in my name by seller resinding on property who owns the house [ 3 Answers ]

Property taxes put in my name because seller resinded as owner who legally owns the house

Do I need to pay any real estate property taxes to the IRS on foreign property? [ 1 Answers ]

I'm a US Citizen with real estate property in another country. I currently reside on the US. The properties are currently rented. Do I need to pay any real estate property taxes to the IRS? I know I should include this income in my tax return. But is there any tax for owning the property that I...

Landlord and loose dog on leased property, doesn't property go with the lease house? [ 31 Answers ]

I lease a house that has a front yard and a backyard and a legal apartment off to the side. My landlord and his dog live in his apt in the garage that I do not think is legal. When we moved in he told us he would be moving in a few months. Before he moved he let his big german sheperd mix run...


View more questions Search