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    REhorror's Avatar
    REhorror Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 17, 2008, 09:01 AM
    Getting out of an existing mortgage?
    I purchased a house that was noted to have had foundation repairs made to it and the company has a lifetime warranty. However, to this date, over one year later the foundation company has not been able to get the house to a point of no or little movement. My question is two fold. One, can the previous owners be held liable for repairs that have to be made since I believe they did not fully disclose the foundation problem? And second is there a way to get out of the existing mortgage so that I can demolish the house and build a new one? I live in Texas if that helps.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jul 17, 2008, 09:04 AM
    You may be able to get the previous owners to foot the bill, but your are stuck with the mortgage.
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