Legal Question in Real Estate Law in Pennsylvania
real estate disclosure law
Back in december 2000 , purchased a home from a national home manufacturer. Discovered there were major foundation cracks throughout the basement, Found this out after the basement started leaking. Builder covered up these cracks, which are now around one inch, with insulation. When asked why they did not inform us before we closed, they said and I quote ''we did not have to'', this is verified by two parties. We subsequently hire counsel to represent, made the appropriate moves and now 4 years later i need to close this issue. Spent 350,000 on this house and it has actually depreciated. You would have to see these cracks to believe it. The ceilings are cracked and sometimes you can not open backside doors and windows. Is it true, we can ask for the depreciation and subsequent loss of future appreciation. I have been told because of the nature of the offense, it is definetly triple compensitory in nature. What a mess, A complaint was filed in 2001 and nothing has happened. Possibly had the wrong vehicle for this case. People in the real estate and real estate law , tell me builders are held to a higher standard of disclose... any opinions on this matter?
1 Answer from Attorneys
Re: real estate disclosure law
What happened to your former attorney....if they haven't remedied this situation by now, retain a new one...are you sure a complaint was filed? Because, in the event one was not, you might be prohibited from filing based on what's called Pennsylvania's Statute of Limitation...
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