Buyer seeks recourse for undisclosed foundation defect

REThink Real Estate

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Inman Connect New York | January 29 - February 1, 2019

Q: We recently purchased a home and the inspection showed some previous water in the basement (walls). My husband grinded off the two coats of paint and there is still water penetrating the foundation. This could be costly for us to fix. The sellers did not disclose this and the real estate agent made it appear like it was something that could be easily fixed. Do we have any legal rights? –Lynn P.

A: I’m sorry that you’re going through this stressful situation; it’s never fun to have an open-ended problem with your home that bodes ill for your pocketbook. That said, you may not be able to shift 100 percent of the blame and responsibility in this situation onto the other folks involved in your transaction.