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General Real Estate Investing

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Greg W.
  • Chicago, IL
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71
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compensation after closing

Greg W.
  • Chicago, IL
Posted Apr 26 2017, 05:13

Hi,

I have a situation where I had the seller carry a note at 2% for a few years. Seller told me he had recently purchased a new roof and I got on the roof and it looked good..then I did (what I've learned now) the ultimate no no and didn't get an inspection.

After closing, the commercial tenant told me the roof has had multiple issues and the seller continued to ignore her. It has since given me issues, until I just ended up replacing it, which was expensive.

My question is, with it being a year later, do I have a right (legally or morally) to request compensation from seller now, since the seller lied to me about roof? I would ask the seller to adjust what's owed to him when i pay him off soon, with refinance. Please give your opinion on what you would do. Obviously, this has been an expensive lesson for me and I'll never buy without an inspection again.

Thank you,

Greg

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