disclosure of past litigation

[dandelion2005]

What is the name of your state? CA

When selling my home, my broker reviewed the items that were required to be disclosed. I told my broker there'd been a lawsuit a couple years before, and many of the other owners in the community seemed to have defects, but none of them seemed to apply to me. My broker told me that I didn't have to disclose this because it wasn't a material defect, even though I got some money from that setlment.

Now the buyer is threatening to sue me for failing to tell him about the defects, and wants a refund on half the value of the house.

Am I liable?
Can I sue my broker for giving bad advice?

[BelizeBreeze]

Would you sue your butcher if he told you that your car engine was fine running on a pint of oil? That's the same as taking legal advice from a Real Estate Broker.

Take the contract AND your lawsuit file to a Real Estate attorney NOW!

[HomeGuru]

Originally Posted by dandelion2005

What is the name of your state? CA

When selling my home, my broker reviewed the items that were required to be disclosed. I told my broker there'd been a lawsuit a couple years before, and many of the other owners in the community seemed to have defects, but none of them seemed to apply to me. My broker told me that I didn't have to disclose this because it wasn't a material defect, even though I got some money from that setlment.

Now the buyer is threatening to sue me for failing to tell him about the defects, and wants a refund on half the value of the house.

Am I liable?
**A: yes
*******
Can I sue my broker for giving bad advice?

**A: yes, and hope that he/her has a huge E&O insurance policy.