Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Legal & Legislation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 1 day ago on . Most recent reply

User Stats

15
Posts
5
Votes
M Edouard
5
Votes |
15
Posts

Property owner lied about having a basement

M Edouard
Posted

Hello BP,

I recently purchased a property in an area that has flood issues. When I bought the property I was told by the seller that there was no basement and the property never flooded. Based on this information I felt comfortable buying the property. However through doing renovations we discovered that there indeed was a basement. We found out that the previous owner filled the basement with dirt and anything else he could find because the basement use to flood. 

Through out the entire house buying process he told all of us there is no basement. 

This has caused structural issues to the property because the first floor apartment is sinking and I feel it is related to what he did to the basement. 

On all of the paperwork there is no mention of a basement he purposely sealed the basement and lied to everyone about the property flooding and the basement. The inspection report has no report of a basement because we did not know it existed.


Knowing what I know now, what can I do?

Most Popular Reply

User Stats

43,428
Posts
64,143
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
64,143
Votes |
43,428
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

wow..  this one might be a cause for litigation.. Not sure if they will counter that a decent home inspection would have uncovered this so its your fault.

business profile image
JLH Capital Partners

Loading replies...