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Philip
 
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Default house rebuilt year

With the money you have on the table, it is time to discuss your
concerns with your lawyer. That what you paying him for.

As a sanity check, in my town houses are torn down regularly with the
foundations being reuse. Why? In my town, if you keep the orginal
foundation it is consider a remodeling job for permit purposes. The
resulting houses sell for 700K-1.5 million. I don't think the 100 year
old foundation is hurting the price. But ever town is different.

Also, in my state, you have to declare known defects. I doubt a old
foundation in sound condition is considered a defect. If you are
really worried and still want the house, have it check out by a
structure engineer. If you want out of your contract, it could be a
reason. If you are just trying to get a lower price, you can try but
you also run the risk of the seller walking away.

(Djavdet) wrote in message . com...
Hi every one.
I have a question,
We are trying to buy a house and everything was good enough so far but
recently we found that house has an older foundation then structure
itself.
Seller did not disclose that fact and listed the house as '85 but
foundation is older , like '69.
So does anybody know whether the seller is supposed to disclose such
information and what's gonna happen if he did not? I mean , should we
be warried about it or just forget it?
Yeah everything is happening in NH
Please advise
Thanks
Djavdet