<BLOCKQUOTE><font size="1" face="Verdana, Arial">quote:</font><HR>Originally posted by NewHomeBuyerLaura:
Thanks anyway for your response. The state is MA. The addition was actually a change order to the new construction of the house. If they have the right to go and charge us for these items after we have settled, when does it end? We are always liable? If they discover the error in 6 months, we would be liable to pay? What a nightmare. Thanks alot for the quick response. <HR></BLOCKQUOTE>
My response:
MA has a 6 year Statute of Limitations on written contracts. Despite the fact you "settled" on the property, the fact remains that there was a "mistake" - calling into question whether or not there is a "failure of consideration." If a court rules there was such a failure, the contractor could have the settlement "set aside" on "equity" grounds have the court amend the settlement to show a remaining debt. Somehow, try and put $4,000.00 aside, or start saving toward it, just in case he calls or writes and asks for it, or sues you for it. If he does contact you, and you don't have the money, tell him that since there was a "mutual mistake", you want to work with him on the matter by making a "side contract" to pay him monthly payments until paid in full. In the meantime, and until he should communicate with you, keep your mouth closed, and start saving. It could come back at you in the 5th year.
IAAL
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