Updated over 7 years ago on . Most recent reply
Misleading Seller Disclosure - Help!
Just closed on my first house hack on October 26th! Everything was going great with the rehab until the crawl space and basement started taking on significant water with the heavy rain here in Arkansas. I checked the inspection report and the seller disclosure. The inspection dis not find any evidence of basement flooding.
The seller disclosure shows they deny any knowledge of the basement previously flooding, however there are very obvious attempts at sealing the lower part of the foundation walls.
They even left the quickcrete bags in the crawl space!! The cost of installing proper drainage will be substantial. Looking for advice on recourse with the sellers if any is possible! Any constructive advice is welcome. Thanks!
Most Popular Reply
Two words, due diligence. What happened with your inspection?
Have you talked with your agent? A lot will come down to the specifics of the disclosures in the listing. Chances are they said something along the lines of "owner has never occupied the house" if its an investment/househack. If the house had any other AO's before you, there might have been a previous inspection done in which it was disclosed to the seller, and you'd have better chance at recourse.
The real answer is if this is something you want to pursue, talk to a lawyer. Maybe the threat of recourse will get the seller to settle and you can recoup something. Id say you're efforts are better spent focusing on fixing the problem.
Hope that helps, good luck.