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#1
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A couple, friends of mine moved from Northern Virginia down to
Florida, about two months ago. They bought their first house, while dealing with realtor and the bank over the phone. A family member who lives in that area took few pictures for them so they knew what the house looked like and stuff like that. So when they went down there to sign the deal, in the closing time it was disclosed to them that the house had previous work done back in 2000 I believe, something about the house sinking into the ground and how they made a repair on it. My friends came all the way down to find that out, but they bought the house anyways. As the husband is a good general contractor he thought he could fix the uneven celing. But as weeks are passing, they are realizing how horribly the house is crooked, as if it's sinking again. Now all the way is to sell it back to the bank, and come back to Virginia because the house is not even and seems to be sinking despite their work in 2000, plus all the hurracaines are getting to them. To me this sounded like they were misled in the first place about the house. I don't think that house is worth what it was sold as. Not for a house that is uneven, about three four inches off from one side to the other. They have a little girl who's learning to walk, and I see this as hazardeus for her. Their contracts binds them that they can't sell the house for the next 3 years. Now to me that is so harsh, as the realtor/bank had to had known this house problem. What can they do legally? Hire a laywer and sue them for misleading and hazardous environment? They are also thinking of bancruptcy as a way out of that huge buying the house mistake. Any help would be appreciated!!!! Thanks!!! Jass |
#2
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In Florida, a Seller is obligated to disclose to a Buyer all
known facts that materially affect the value of the property being sold and that are not readily observable. It appears that the sellers *did* disclose the pertinent facts in this case, before the closing. Unless your friends can prove that there were other pertinent facts known to the sellers that they did not disclose, they have no legal grounds to reverse the sale. It sounds to me like they didn't do their homework and they're paying the price for it. I'm curious what kind of contract binds them from selling the house for three years; that's not typical in the home sale contracts I've seen. Who, exactly, is prohibiting them from selling the house? |
#3
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![]() "Jass" wrote in message om... A couple, friends of mine moved from Northern Virginia down to Florida, about two months ago. They bought their first house, while dealing with realtor and the bank over the phone. A family member who lives in that area took few pictures for them so they knew what the house looked like and stuff like that. So when they went down there to sign the deal, in the closing time it was disclosed to them that the house had previous work done back in 2000 I believe, something about the house sinking into the ground and how they made a repair on it. My friends came all the way down to find that out, but they bought the house anyways. As the husband is a good general contractor he thought he could fix the uneven celing. But as weeks are passing, they are realizing how horribly the house is crooked, as if it's sinking again. Now all the way is to sell it back to the bank, and come back to Virginia because the house is not even and seems to be sinking despite their work in 2000, plus all the hurracaines are getting to them. To me this sounded like they were misled in the first place about the house. I don't think that house is worth what it was sold as. Not for a house that is uneven, about three four inches off from one side to the other. They have a little girl who's learning to walk, and I see this as hazardeus for her. Their contracts binds them that they can't sell the house for the next 3 years. Now to me that is so harsh, as the realtor/bank had to had known this house problem. What can they do legally? Hire a laywer and sue them for misleading and hazardous environment? They are also thinking of bancruptcy as a way out of that huge buying the house mistake. Any help would be appreciated!!!! Thanks!!! Jass We had a similiar situation. We were under a huge time constraint when my husband obtained a job in a different state and we had 2 days to find a house. Had we known then what we know now, we would have rented a house and waited to purchase, when we weren't under such pressure. Our house had many issues, none of them were disclosed to us at the time. After my husband was laid off and the housing market in the town where we lived fell drastically, we decided to transfer the lien back to the mortgage company. This was our only way out, since we couldn't sell the house. We paid $96,000 for the house, and 18 months later, after my husband and many others in this small town were laid off, our house appraised for $73,000. Our only option was to do a "Deed in Lieu of Foreclosure". It took about 2 months and we had to keep our payments up to date, but it was such a relief to finally be out from under that money-pit. We did this back in April of this year and it's not yet on our credit report, and hopefully it never will. HTH, Brigitte |
#4
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On Wed, 08 Sep 2004 15:17:35 GMT, someone wrote:
We had a similiar situation. We were under a huge time constraint when my husband obtained a job in a different state and we had 2 days to find a house. Well, apparently you know better now. NO WAY were you under a "huge time constraint" or compulsion to BUY a house in 2 days. Actually, it can be a poor idea. I find it amazing that corporate relo folks even manage to be happy buying houses after a couple of weeks of visits. Ok you had to find a place to LIVE - but even so, you could stay in a motel for a week while you looked for a decent RENTAL - and then buy in a year, after you have gotten to know the area, AND after making sure the job and the community worked out for you. There ae many things you may not know about a community until you've been there a while. I have heard too many stories about people who moved, and then the new job didn't work out, and/or the family hated the new location, and the people took a bath bailing out and moving "home". NEVER buy in a hurry!!!!! |
#5
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![]() "v" wrote in message ... On Wed, 08 Sep 2004 15:17:35 GMT, someone wrote: We had a similiar situation. We were under a huge time constraint when my husband obtained a job in a different state and we had 2 days to find a house. Well, apparently you know better now. NO WAY were you under a "huge time constraint" or compulsion to BUY a house in 2 days. Actually, it can be a poor idea. I find it amazing that corporate relo folks even manage to be happy buying houses after a couple of weeks of visits. Ok you had to find a place to LIVE - but even so, you could stay in a motel for a week while you looked for a decent RENTAL - and then buy in a year, after you have gotten to know the area, AND after making sure the job and the community worked out for you. There ae many things you may not know about a community until you've been there a while. I have heard too many stories about people who moved, and then the new job didn't work out, and/or the family hated the new location, and the people took a bath bailing out and moving "home". NEVER buy in a hurry!!!!! I guess you missed this part of my post: "Had we known then what we know now, we would have rented a house and waited to purchase" Brigitte |
#6
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![]() "Jass" wrote in message om... To me this sounded like they were misled in the first place about the house. I don't think that house is worth what it was sold as. Not for a house that is uneven, about three four inches off from one side to the other. They have a little girl who's learning to walk, and I see this as hazardeus for her. Their contracts binds them that they can't sell the house for the next 3 years. Now to me that is so harsh, as the realtor/bank had to had known this house problem. What can they do legally? Hire a laywer and sue them for misleading and hazardous environment? They are also thinking of bancruptcy as a way out of that huge buying the house mistake. Any help would be appreciated!!!! Thanks!!! They need advice from a lawyer who specializes in real estate law in their state. Getting advice in Usenet can only go so far. State laws differ so much on this. |
#7
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On 8 Sep 2004 01:56:16 -0700, someone wrote:
A couple, friends of mine moved from Northern Virginia down to Florida, about two months ago. They bought their first house, while dealing with realtor and the bank over the phone. That is such an idiotic way to BUY a house, and they got what they deserved. ... My friends came all the way down to find that out, but they bought the house anyways. Doubling the idiocy. They have a little girl who's learning to walk, and I see this as hazardeus for her. Get real. The real problem they have is bad enough, without having to fantasize additional problems in a ploy for sympathy (endangering a child - oh how awful!) Bulldinky. Their contracts binds them that they can't sell the house for the next 3 years. I don't believe you. Post the part of the contract that says they can't sell. Sorry, caveat emptor. -v. |
#9
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#10
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Wow what a google group! All I wanted is some info, and you are
calling me names. Ridiculous waste of my time!!! |
#11
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#12
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![]() "Jass" wrote in message m... Wow what a google group! All I wanted is some info, and you are calling me names. Ridiculous waste of my time!!! You are right. Responses that call you names contribute nothing and do nothing to help the problem. But advice to contact an attorney does. |
#13
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On 9 Sep 2004 00:08:22 -0700, someone wrote:
Wow what a google group! All I wanted is some info, and you are calling me names. Ridiculous waste of my time!!! Well, that's what you SAID you wanted, but it appears that you really only want "advice" that AGREES with your hypothesis that your friends were "misled" and deserve some compensation. The answer you are getting is that they were foolish and got what they got. And then you say to keep that to ourselves. You asked, we answered. Why aren't your "friends" posting themselves, why are you in the loop? If there really are any "friends", then apparently you were hoping to be a hero bringing them an answer from the internet - but since you can't get the answer you want, now you call it a waste of time. If the slope is so bad - and since you say the husband is a CONTRACTOR - why didn't they notice it when they inspected the house before closing on it???? Sorry you don't like my advice. But you posted a public Q, so ANYONE who wants to can comment on it. That's the internet for you. -v. |
#14
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On 8 Sep 2004 18:12:19 -0700, someone wrote:
... It's too late to criticize their decision, all I wanted is some imput on what they could do. So if you had nothing useful to say, keep it to yourself. It could be very useful to the NEXT person. On a public forum, its not just about your friends. -v. |
#15
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But as weeks are passing, they are
realizing how horribly the house is crooked, as if it's sinking again. Not to worry: we vacation in a sinking, crooked house every year, and have for over 25 years. Every few years we get one corner of it 'jacked up' with cement blocks. It isn't the end of the world. |
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