My husband and I bought a home last year. First time homebuyers. We bought it from the seller directly who is an experienced broker. He assured us that he did everything in our best interest. He said he would fix the termite inspections and wood that needed to be replaced. When the termite folks came, they said that there was more work needed and left it. Obviously previous owner did not want to pay additional costs so said exterior is HOA's responsbility. This was all last year July. HOA had a contractor come inspect the balcony and said that as per city law that entire balcony needs new permits and engineer to design and fix which is costing about $15k. HOA apparently is low on funds because of issues with previous management company and now it's being delayed forever and we are having to incur all these additional costs that were not disclosed to us. What should I do? Do I have a real estate fraud case? He said last year, before loan closing that he would give the inspection reports to HOA but he never did. He lied to get the loan to close. I have reasons to believe he lied about more things.
You may have a case against the seller. It is always wise to have your real estate documents reviewed by a lawyer or have a real estate agent assist you, before these problems develop. You should have an attorney review all of your sale documents and the disclosures that the seller made to you. Only then would I know if you had a case against the seller. Good luck.
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