Recently bought a house and discovered extensive mold and wood rot. Learned through previous tenants and contractors that there was significant water damage at one point, plumbing issues, and roof leaks - none of which were disclosed on the disclosure agreement. We’re now faced with about $60k in mold remediation + repairs.
With enough info stacked against sellers for lawsuit, I reached out directly for resolution without mediation. They came back with 3 offers: 1. Lower $ amount to cover partial costs - this would cover a lot but not all. 2. Full amount requested with stipulation we sign an indemnification release. 3. They offered to buy the house back, repair it themselves and resell it.
Which option would you choose? And if #2, would you make sure agreement has any special exceptions?
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source https://www.reddit.com/r/RealEstate/comments/1iyl0cn/what_would_you_do/
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