Skip to main content

Undisclosed total loss fire

I bought a home in NC about 4 months ago. I just discovered the entire original home that was here originally completely burnt down. About 2 years after that, the new current house was built. This was with the same owner that I bought the house from, as in they were the owners of the house that burnt down and the one I’m now living in so they of course know of this.

There was no mention of this in the property disclosures, and I was never officially informed of this. This seems like way too big of a thing to not disclose and certainly can't be legal. All of the property disclosures were answered based on the current rebuilt home.

I'm not sure what the value in me knowing would've been but I certainly would've liked to know this during the DD phase to ask more questions and make sure that everything was a complete rebuild and ensure that nothing was re used, but their failure to disclose that led to me not having that opportunity.

Anyone else dealt with something like this? Yes I’m talking to my agent and will plan to ask my closing attorney.

submitted by /u/pierre28k
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1ohe34d/undisclosed_total_loss_fire/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/
Post a Comment
Read more