Asked by Rebegee, Lake Oswego, OR • Mon Mar 10, 2014
I recently (within 6 months) purchased a condo that is now in pending litigation. I closed on 20Sep2013, and the suit was filed on 01Oct2013. The sellers and the seller's agent never mentioned that the HOA was going to file a suit against the developer and construction company for defective construction. They were certainly aware of the situation because a notification was delivered to all the condo owners about 5 months prior to the filing. Were they legally required to disclose that information to a potential buyer? Now that I own the condo, it will be very difficult to sell until the law suit has been settled and the defects have been corrected. This could take years. What are my options? Can I sue the sellers and/or the seller's agent for nondisclosure?
Real Estate in Portland
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