Home Builder Lawsuit

[quickk]

What is the name of your state? California

My home was built 2002 by a developer; I am now the second owner. I learned during my purchase that there may be an upcoming lawsuit against the builder resulting from foundation problems, however I didn't find any problems with my home during escrow.

If my house develops problems in the nearterm, would I have the same recourse against the builder as did the original homeowner?

 

[HomeGuru]

What is the name of your state? California

My home was built 2002 by a developer; I am now the second owner. I learned during my purchase that there may be an upcoming lawsuit against the builder resulting from foundation problems, however I didn't find any problems with my home during escrow.

**A: did you get a home inspection?
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If my house develops problems in the nearterm, would I have the same recourse against the builder as did the original homeowner?

**A: possibly, but without a review of all your documents including the warranty from the builder, it would not be easy to give you a concrete answer.

 

[quickk]

My bad

How did I know you were going to ask that?...No I did not get a home inspection; I figuered since the house was so new, it wouldn't have any problems.

Does this affect my position with regards to any recourse?

Btw- Thanks for your assistance.

 

[HomeGuru]

How did I know you were going to ask that?...No I did not get a home inspection; I figuered since the house was so new, it wouldn't have any problems.

**A: then you figured so so wrong. Read the stories at www.hadd.com. You may even see your builder listed.
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Does this affect my position with regards to any recourse?

**A: probably not but you bet the builder will make a big deal about it.
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Btw- Thanks for your assistance.

**A: hey no problem. Can you tell us exactly what kind of foundation problem you are having? And when are you going to order a home inspection?

 

[quickk]

**A: he not problem. Can you tell us exactly what kind of foundation problem you are having? And when are you going to order a home inspection?

Well, escrow just closed, and I haven't even moved in yet, but I noticed a small crack in one of the outside walls.

If you think it would make a difference, I would schedule one asap. I just thought it was too late now.

 

[lwpat]

I learned during my purchase that there may be an upcoming lawsuit against the builder resulting from foundation problems, however I didn't find any problems with my home during escrow.

And I assume that you are an experienced home inspector. Existing known conditions are required to be disclosed, that is why you were notified of the lawsuit. A home inspection needs to be performed immediately. If there are problems then contact an attorney and have him review you paperwork. I also assume that you did not have your attorney do the closing. If so fire him for not recommending that you have the inspection and/or home warranty.