On Dec 4, 7:51Â*am, " wrote:
On Dec 4, 4:41�am, hands on wrote:

My house of 2 1/2 years old has been determined by soil tests not to
meet the 1500 pounds per square foot load bearing capacity minimum it
was designed for. 4 of 5 test sites next to my foundation failed by an
engineering company test.
So I have a dilemma-sue the builder, maybe get some money out of it
and still have a defective house or sell it like it is.

might as well fix it, since you must disclose the problem to all
buyers and they wouldnt pay what you paid for the home.

your only option is sue to get it fixed or ruin your credit and walk
away, letting the bank take it back thru foreclosure.

you need a lawyer, best wishes


I agree a sale isn't going to solve this. If you disclose it as
required, from what little we know, it sounds like the house would be
just about unsalable. And if you don't, the buyer is going to figure
it out and sue you when they find out.

Also, walking away in most cases has implications beyond a ruined
credit rating. The holder of the mortgage can still come after you
for the shortfall and assuming you have any other assets, income, etc,
collect. If the overall financial situation is so bad you have to
file bankruptcy, then that's one way it could be wiped out.

In many areas new homes have some type of warranty program backed by
an independent agency that covers major structural issues like
this.

I also agree that you need to talk to a good lawyer.