Bought a home last year, was told that there was not disclosure form required because it was an estate sale. Inspector noted some moisture in the basement bathroom. Seller had the plumber “replace the wax ring and snake pipes”. No mention of any previous issues. Basement flooded badly after closing in the same area. After much trial and error figured out that the exterior drain pipes were all collapsed from the underground downspouts. Had to dig up all the pipes and concrete to the street and replace. The basement had to be remediated and carpets, drywall, flooring all removed. Turns out nothing was covered by insurance.
My insurance company told me that there had been a previous claim by the previous owners for water damage in the basement. So this was not unknown. How could they get away with not disclosing this?
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source https://www.reddit.com/r/RealEstate/comments/1if0w4v/flood_history_question/
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