What are my rights - if any?

[mdavis6571]

What is the name of your state (only U.S. law)? California


I purchase a bank owned home exactly two years ago; friday when I pulled into my driveway I noticed a red tag on my front door. The noticed was from the city citing me for having a pool without a permit. Apparently the previous owners never got permission to have a in-ground pool. My question is can I go back and ask the bank for the money for the permit? If not who can I legally hold responsible for payment? Thanks...

 

[FlyingRon]

To hold the bank responsible, you'd have to show the bank knew of the deficiency in the unpermitted pool. That's unlikely to be true and harder to show.

If you have owner's title insurance it may cover the issue.

If all they want is a permit fee, you're getting off easy.

 

[nextwife]

To hold the bank responsible, you'd have to show the bank knew of the deficiency in the unpermitted pool. That's unlikely to be true and harder to show.

If you have owner's title insurance it may cover the issue.

If all they want is a permit fee, you're getting off easy.

Unlikely title insurance would cover lack of permit.

Poster, Bank owned properties have all sorts of AS IS, NO WARRANTIES, etc included in the sale language. They'd have no clue what was added and whether the defaulted borrower got a permit or not. That is where your due diligence comes in.

I agree that if all it takes is a permit fee, pay it and be done.

 

[FlyingRon]

Unlikely title insurance would cover lack of permit.

Actually, such coverage is frequently available. Whether he purhased it or not remains to be seen.

Poster, Bank owned properties have all sorts of AS IS, NO WARRANTIES, etc included in the sale language. They'd have no clue what was added and whether the defaulted borrower got a permit or not. That is where your due diligence comes in.

Well they can write whatever weasel words they want and it wouldn't disclaim a material defect they knew about. Of course, they won't go far to try to discover such and have no obligation to do so.