California | Real Estate Law
Legal Question
undisclosed defects...my rights
I purchased a 69 year old home a little over two
years ago. The Seller owned the home since
1972. The seller was an absentee owner. The
seller's listing agent and the seller's property
manager were the same person. My agent
worked in the same office as the listing agent.
During the escrow, I had both a building
inspection service check the property and a
termite service check the property. Neither found
nor suggested extensive termite damage.
Today, I had a contractor and structural engineer
inspect termite damage found in the balcony.
It's a complete demo. And one area has clearly
had termite repairs within the last five years. The
engineer is writing me a letter to this effect.
It's too early to know exactly what the repairs will
cost, but my contractor said it could be in the area
of $22,000. Then there is an add'l $3000 loss of
rent during repairs.
Any comments?
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