Home     Law Advice     Insurance Advice     Community    
Go Back   FreeAdvice Legal Forum > REAL ESTATE LAW > Condos and Co-Ops

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 01-21-2006, 04:02 PM
Junior Member
 
Join Date: Jan 2006
Posts: 2

Seller's disclosure


What is the name of your state? Georgia

I'm wondering what the seller's legal responsibility is when it comes to full disclosure on the seller's disclosure form. When I purchased my condo, it was not disclosed on this form, or anywhere else, that there were major repairs needed on the attached parking garage. Since moving in and attending hoa meetings I've learned that in the next 5-6 months we are going to have to pretty much rebuild the entire structure which is going to result in a substantial one-time assessment to cover the costs. My realtor and I also asked the seller and his realtor in person if there were any major issues that we needed to be aware of - both said no. After speaking to the president of the HOA, he said that there is no way that anyone living here for more than 1 year would not be aware of the issue due to it being such a major, and long-standing issue. So my question is: Do I have any legal grounds to go back to the seller since this was a very well known pre-existing condition and was not disclosed on the seller's disclosure form?

Thanks in advance for your response,
Bill
  #2  
Old 01-22-2006, 12:05 PM
Senior Member
 
Join Date: May 2000
Location: Catatonic State
Posts: 75,781
Quote:
Originally Posted by AtlBill
What is the name of your state? Georgia

I'm wondering what the seller's legal responsibility is when it comes to full disclosure on the seller's disclosure form. When I purchased my condo, it was not disclosed on this form, or anywhere else, that there were major repairs needed on the attached parking garage. Since moving in and attending hoa meetings I've learned that in the next 5-6 months we are going to have to pretty much rebuild the entire structure which is going to result in a substantial one-time assessment to cover the costs. My realtor and I also asked the seller and his realtor in person if there were any major issues that we needed to be aware of - both said no. After speaking to the president of the HOA, he said that there is no way that anyone living here for more than 1 year would not be aware of the issue due to it being such a major, and long-standing issue. So my question is: Do I have any legal grounds to go back to the seller since this was a very well known pre-existing condition and was not disclosed on the seller's disclosure form?

Thanks in advance for your response,
Bill

**A: why did (you and) your Realtor "ask in person", instead of following the proper protocol and request the disclosure in writing?
  #3  
Old 01-25-2006, 12:40 PM
Junior Member
 
Join Date: Jan 2006
Posts: 2
We did get those disclosures - someone would be crazy not to - that's why I'm asking if I have any legal rights since he did not disclose in that written seller's disclosure about the pending lawsuit surrounding the structural issues with the parking garage.

Thanks
  #4  
Old 01-26-2006, 08:55 AM
Senior Member
 
Join Date: May 2000
Location: Catatonic State
Posts: 75,781
Quote:
Originally Posted by AtlBill
We did get those disclosures - someone would be crazy not to - that's why I'm asking if I have any legal rights since he did not disclose in that written seller's disclosure about the pending lawsuit surrounding the structural issues with the parking garage.

Thanks

**A: it is debateable since you could have inquired with the HOA on your own before closing.
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 01:07 PM.



IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.

F
reeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.