Client purchased property w/musty smelling basement. Client assumes sump pump needs servicing. After settlement the properties basement consistently floods w/and without rain. Client is told by a structural engineer the house is sitting on multiple water springs and that the foundation needs to be replaced to stop the constant flooding. Client invests 180k in said repairs and just recently learned the sellers had knowledge of the springs and did not disclose. Any recourse for the buyer? This is in Va. I’m inclined to tell the buyer to let it go. The seller from what I can tell has no assets . Thanks!
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/14iiylz/non_disclosure_of_water_springs/
Comments
Post a Comment