NC Real Estate Commission disciplines OpenDoor

[MikeJaquish]

Originally Posted by lastdash

curious...what if something like Mike said about mold in a cavity wall etc. was not disclosed on a disclosure statement or " no representation" was input on it and the buyer didn't do a home inspection before buying ...is the seller responsible to reimburse for the necessary repairs ,
can the buyer take legal recourse?
Know someone who recently bought a home only to find out an entire room had to be gutted due to issues from water damage.
Don't know if they had a home inspection done but have a feeling they didn't in order to make the winning offer over competitors ...the home sold very quickly.
I also have to think the seller knew about this issue, don't know how they couldn't have.
TarheelNick...what do you mean by "there are discussions as to how many PBs a BIC can actually supervise adequately."
I fail in interpreting acronyms at times.
( this was NOT a sale via OD but did go through a well established real estate company )

Welllll... You are talking in LawyerLand when you ask about the buyers' potential remedies.

I am not an attorney, and this is not legal counsel:
I think an attorney might say it would be necessary to confirm with evidence that the sellers knew about the issue when they failed to disclose.
I have a hunch the failure to inspect would not be an issue, since tearing into walls is not within typical activities expected of a home inspector.

[lastdash]

Originally Posted by MikeJaquish

Welllll... You are talking in LawyerLand when you ask about the buyers' potential remedies.

I am not an attorney, and this is not legal counsel:
I think an attorney might say it would be necessary to confirm with evidence that the sellers knew about the issue when they failed to disclose.
I have a hunch the failure to inspect would not be an issue, since tearing into walls is not within typical activities expected of a home inspector.

gotcha, thanks Mike.
I've a pretty good hunch the walls would not have had to be tore into to discover the damage .
The way the situation was described to me it sounds pretty bad but this is their situation they must work through, was just asking for curiosity's sake on my part.