Real Estate Lawyers Protecting Buyer And Seller Rights In The Sacramento Area
One of the most common real estate disputes we see at Insight Law Partners concerns the submission of a transfer disclosure statement. This statement is a written form the seller of real estate must deliver to the buyer during the escrow process.
Sellers are legally required to disclose in this statement whether certain conditions exist on the property that could cause problems down the road. These conditions are typically important enough that they could cause the buyer to back out or at least investigate conditions further.
Material conditions that sellers are obligated to report include:
- Water intrusion
- Filled soil on the property
- Defects or malfunctions in the electrical, plumbing and roofing systems
- Defects to the foundation
- Flooding and drainage problems
- Existence of a community association with rights over the property
Purchase Agreement Litigation Attorneys Serving El Dorado Hills, Roseville, Rocklin, Folsom And The Sacramento Area | Free Consultation
If an undisclosed condition exists on property you have purchased, our experienced land use lawyers can assist you in determining whether there are grounds for a lawsuit. With our assistance, you can typically seek damages from the seller or, in some circumstances, the entire rescission of the transaction.
Insight Law Partners in Folsom, California, represents the interests of property owners throughout California, including the Sacramento area. Contact our Folsom sales contract dispute attorneys for more information or to schedule a free initial consultation.