Asked by FirstTimeBuyer, Iowa • Wed Dec 19, 2012
I recently found out that a seller lied on his disclosure statement. While purchasing homeowners insurance, the insurance rep told me there was a hail damage claim last year that was paid to the seller however this was not listed on the initial disclosure statement. When I confronted the seller about this he admitted there was an insurance claim on the house however there were not any repairs made on the house. This makes me believe that there are other items not disclosed. My question is: Can I walk away from the purchase of this house knowing the seller was dishonest on his disclosur?
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