Mike, Heather has giving you the best answer that can be given. After a Bankruptcy, most lenders today want you to re establish a good/positive credit history. The Charge off in 2009 needs to be discussed and documented to any prospective lenders. Be prepared to write letters explaining the cause of the 07 bankruptcy and why the charge off occured in 2009... more
Well, as you have heard from other Realtors below, we are not attorneys and we cannot give legal advice, but we can advise you to consult with an experienced real estate attorney, did you not use one
during the selling process?
I see several problems,
first of all the buyers did not have an inspection, not your problem they waived it according to you.
although this pipe problem could have or could not have been detected by the inspector
Second you disclosed anything and everything you knew about your home, correct? in the Sellers
Disclosure, if you never had a problem with the plumbing, then there was nothing to disclose
Furthermore the new owners lived in the home for 2 weeks, nobody knows what happened during
those two weeks
Unless there was anything missing as far as the waiver not to have an inspection is not in writing?
or you missed anything on the disclosures, or other it looks like you cannot be held responsible.
But only an attorney after looking at all documents can advise you....
I have started more recently to encourage my buyers to have the sewer system checked often
they do not want to pay the fee, but the 150 $ add. fee are all worth it if there is a major problem
in the main sewer lines as they are the responsibility of the homeowner up to the street main
line in most towns and could be very expensive if replacement is required.....
For Sellers it is a good idea to at least have the sewer line checked by camera to make sure
that there is no major problem.....
So contact your or a real estate attorney to look over the disclosures the buyers waiver for the
inspection and give you assurance what your responsibility or non-responsibility is in your
case. Did the Buyer have his or her own Realtor and attorney in the sales contract/
Good luck to you.
Hope this helps...
Most Sincerely yours,
Edith YourRealtor4Life and your Chicago and Northern Illinois
and Relocation Expert
Working always in the very BEST interest of her clients
at @Properties - Chicago - North Shore - N and NW suburbs
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If the repairs were negotiated as part of the contract, the buyers are required to fix what was agreed upon in the inspection negotiations. However, if a know defect was not disclosed and found after the closing, the previous owners would more that likely be required to make necessary repairs. The key word here is peoprly disclose. If you know of an issue and you did not disclose it, you could be held liable. So, disclose, disclose, disclose!!!! On the other hand, if the inspection section was waived you would not be responsible for reapir unless you did noe disclose a know defect.... more
There are deed restrictions when you purchased the home. City has to enforce code violations. Sorry hear about your situation, it can be expensive with fines. Do you have any options of parking your car? Garage, carport? If you have more than one car could lease storage space.
http://www.homes-for-sale-dallas.com http://www.lynn911.com... more