Home Purchase Disclosure

What is the name of your state? Maryland

I purchased a house in Feb and recently I received a state plan to possibly create a road expansion. On one of the five proposed plans, my house is listed as "Potential Displacement". This has caused me to reconsider improvements to a property they may be demolished at a future point. This also creates the scenario where the property could be hard to sell because of the possibility of being subject to imminent domain.

Do I have recourse against the seller for not disclosing this information? State Department of Transportation planning is a long process, but do to plan and commit, so this was not something that was thrown together after my purchase in Feb 2004.

[Bigfoot]

Regrettably, you should first start with your buyer's agent to determine what kind of checking s/he did on your behalf prior to your closing.

[HomeGuru]

Let us know what your agent says.

The agent responded by first, skirting the issue, switching topics, then didn't seem to take it too seriously, "ahh that is too bad, let me know if you want me to attend the Public Meeting for the Dept of Transportation", then said "did you call the planning discussion like we talked about?" All I can say is that there seems to be a breach of fidicuary responsibility here. I would like to sell the house at current market price, get all closing costs back, and a penalty for bad conduct as this has caused stress on my part and wasted my time.

[HomeGuru]

Originally Posted by kronos

The agent responded by first, skirting the issue, switching topics, then didn't seem to take it too seriously, "ahh that is too bad, let me know if you want me to attend the Public Meeting for the Dept of Transportation", then said "did you call the planning discussion like we talked about?" All I can say is that there seems to be a breach of fidicuary responsibility here. I would like to sell the house at current market price, get all closing costs back, and a penalty for bad conduct as this has caused stress on my part and wasted my time.

**A: well, did you call the planning department prior to closing?

No I did not. This is one of those questions that probably came up in the closing process, there were a lot of "you need to do this, remember to do this, make sure that do that, check on this, etc." In this situation you have a first-time buyer ignorant of the process and rules, and a licensed and veteran agent not carrying out all their duties, or not really giving a hoot as long as they get their cut of the commission.

[HomeGuru]

Then have a meeting with the head owl called the principal broker.