Home Buying in 48038>Question Details

J, Both Buyer and Seller in 48038

How To Determine If A Seller Was Part of an LP / Masonite Class Action?

Asked by J, 48038 Sun Mar 10, 2013

Hi, our family put in a bid to purchase a home. During inspection, the inspector found the siding of the home to be in a failure state, as well as a make of LP or Masonite siding circa 1996.

The sellers didn't disclose the siding failing, nor the make of the siding that's been part of many class action lawsuits.

I'd like to know how to find out if the sellers were part of a class action lawsuit, and received compensation for such. Googling is not working - many siding class action lawsuit websites are no longer functional, the same with many telephone numbers handling the lawsuits.

Any ideas?

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Answers

3
Home Inspection is recommended. http://www.naplesrealestateguys.com
0 votes Thank Flag Link Sun Mar 10, 2013
Indeed yes that's why I got an inspection like I wrote above :P
Flag Sun Mar 10, 2013
Oh I should of mentioned we havent bought yet, were pending
0 votes Thank Flag Link Sun Mar 10, 2013
J,

Please note, I am not giving any legal advice as I am not attorney. You may have to check with an attorney.

In general purchaser of a property (buyer) given time to inspect the property and back out, if they are not comfortable to proceed. That is the objective of inspection. There are times, after we purchased there are issues that were hidden that we could not find out before. We were stuck to fix it unfortunately that costs funds beyond our original budget.

Again, this is not legal advice of any sort.

Ron
http://www.TheBestMIHomes.com
http://www.AffordableMIHomes.com
0 votes Thank Flag Link Sun Mar 10, 2013
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