Quote:
Originally Posted by Mardio
My questions would be did you receive a seller disclosure statement during your initial offer? Is this a residential sale? Or commercial? If it's residential the seller must disclose any liens or financial burdens that are attached to the property in this statement (including past HOA debts). The seller could be exempt from a seller disclosure statement if this is a bankruptcy sale.
Another question would be did you receive a preliminary title report? If so did the past dues show up on it?
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This and get a real estate attorney if you don't already have one. I purchased the home my ex-wife has in a similar situation. The back fees weren't disclosed so I didn't have to pay them. Simple.
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