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 Do you have to use the mortgage insurance the lender provides?
They want to charge $450/month on top of the house payment.
Additional Details
We're borrowing $155,000 and they want to tack $458 to the monthly payment, making the payment $1778/...


 Help! I have a rent control apt. in Hollywood for $580 a month. My landlady harasses me because she wants me?
to move so she can raise the rent. She has already run off almost everyone who was here when I moved in 4 yrs ago. I always win so far cuz I don't do anything wrong. I have to decide by ...


 Should I sell or rent my townhome?
I have just recently married. Both my husband and I have townhomes. His is larger than mine so I will be moving in with him. We are currently trying to decide if I should rent or sell my townhome. ...


 What do I need when I move out?
Im moving out of my parent house and with two roomates (i.e. my b/f and his best mate) and Im drawing up a list of the things that we may need when we move out, but my mind has gone totally blank......


 My husband and i put or house up for sell but its not selling?
does anyone know what and how you go about the bank buying it back
Additional Details
does this ruin your ...


 We are going to buy a house soon and want out of our apartment lease. 2 months left.?
We moved in our apartment mid-March. We like it but hate it. I've been looking for houses for almost a year now, just so we would have something after we move out. Well, we found this AMAZING ...


 Interest only Loans Good Idea or no?
I have an 80/20 ARM that will adjust in July of 08. I am currently looking at refinancing my loan. I bought my home in a small town that is growing fast and building way bigger homes. I have owned ...


 Is this illegal for landlords to do or perfectly ok?
So I've been hunting for a somewhere (non apartment) to rent since March and so far have been unsuccessful for various reasons. Yesterday was a first for me though. So a 3 bedroom house was for ...


 What kind of things should we do to get a good appraisal on our home ?
we are refinancing our home mortgage and we have to have a new appraisal done since our old one is a year old. what things will the appraisal be looking for when they come.
Additional Details


 Is it true that once a home for sale is listed and has an MLS number..that a buyer cannot offer to pay more ?
the house is listed for a price...but i am willing to pay more than the listed price because i want it so much..is it legal to offer the seller more or must i stick with the listed price?...


 Landlord tenant rights?
my super-intendant lives across the hall from me and one day she comes over and knocks at my door and claimed that it smelled like pot, She also mentioned that she did not mind she just ask that we ...


 If I make $30,000(CDN)/year....?
In order to be approved for a mortgage, what is the most I could afford?
Additional Details
I have no debt and I have no bills under my name and never have before. I have a driver'...


 Any advice for my Open House?
I am dreading the Open House, but we have found a house we really want to move to, so now we desperately need to sell our house. Any advice, tips or suggestions for a successful Open House? I ...


 Should I run if my realtor wants the down payment, first and last mo. rent in cash?
They won't take personal, bank or cashier checks. They haven't told us we need cash until now... What should I do?!
Additional Details
They did offer to give us a receipt but I...


 "Utilities included" question?
So I sublet an apartment for a month from someone. The ad for this apartment said "utilities included." She moved out, I moved in, things were peachy.

Yesterday, I found a post ...


 Ive just got a mortgage and my monthly payment is £800 without insurences?
it is a repayment fixed over 30 yrs on 130,000 is this ...


 Any 1 Know Of A Good Way Of Reducing Mortgage Payments Without Changing The Lenght Of The Mortgage?
...


 Hi I live in private accomodation, London UK, i have a baby 1.5 yrs old?
and theres no heating in the bathroom which is sooo cold, and theres mould growing everywhere and a smell of damp.
are there legally bound to any civil statues here, do I or my child have a ...


 Why won't "home owners" that couldn't afford the loan in first place take resposibility for themselves?
instead of blaming it all on the system or mortgage lenders?...


 Real Estate help?!?!?
Can anyone give me a link to a few sites or one good one that has listings of Fixer-upper type homes for sale? Basically a site that can give me specific options (acreage, woods, condition, etc)
...



Donald C
Undisclosed mold?
I live in Ohio. I bought an appartment building about a year ago, aparently the previous owner had a tennant evition. The tennant retailiated by plugging all of the drains and turning on the water and sealing the door before shimming down the outside of the building. This flooded the upstairs aparmnent and two below it. The old owner recieved a insurance claim check to fix this which he used a very small amount to touch up the paint and clean the carpet, and pocketed the rest. He did nothing for the water in the walls, a year and a half later now that I own the building the water soaked insulation has attracted mold and i have a huge repair bill coming to me. The way I see it there were three people who should have informed me of this problem before I purchased the building. The old owner should have informed me there was recent flooding(and should have fixed it corectly), The home inspection company who missed water damage, the company who conducted a mold test.
Additional Details
The mold test was conducted because there was a higher humidity level found in a few of the aparments, inspector pointed to window condensation(fog), although he claimed it was from the showers.

Any suggestions or am I Up the creek????????
                     
 




hunter2
Rating
No creek for you Buddy!!

The fact that he claimed the damages and then didn't repair it is going to get you the $$ in court. Call the agents and tell them you will all be sued. Let them explain it to him in no uncertain terms.
They will loose their commish, the inspector will loose (just the inspection fee) but you sue them all!! Your attny will make you sue them all that's the way it works.

Don't be surprised if you don't get an offer to settle from the Seller. Once those Agents find out what he did they'll be on him like white on rice. Since he's put them in jeopardy too.

Get your figure in mind that will make you happy. Hold out for the full amount. You'll get it. This is exactly what the real estate disclosure laws are about.

Please tell me you used an Agent!! Otherwise it won't be as easy with just you and he in front of the judge. But still you go for all you need to make the immediate repairs and something for future anticipated repairs that may come up as a result of this damage.

Best of luck


Shmesh
I would definitely consult a lawyer. I dont know where else to start but there. Somebody definite is to blame, and you should not have to pay for there mistakes.


T C
Don't include the inspectors in the law suit (that is what you have). It will just muddy the water, pun intended! Go after the seller, if you can back up your claims with proof from the insurance co. He was obligated, by law, to inform you of any repairs and why. Try a civil suit, because it is easier to win.


Paul V
Man I feel for you bro! I am a real estate agent in Ohio! Hope it wasn't one of my homes! LOL just kidding! Anyway, do you still have the property disclosure form that the seller had to fill out? This may be your ticket to getting back some money from this joker! If you do not have it, contact the realtor you bought the home through. If they are like my office, we keep that stuff on file for at least five years. I would definitely contact a real estate attorney and show him the disclosure and explain your situation. I'd be really skeptical that you could get any money from the inspector but you should surely be able to get money from the old owner seeing how he received money for it and didn't repair or disclose it.


hvandyk82
Rating
I would definatley contact an attorney, it sounds like you may have a pretty good case. Full disclosure from the original owner is lucky if you get it. But the inspection company definatley should have caught it, thats their job!! I would call a lawyer, explain the situation to them and they will direct you to the best course of action. You could potentially get a large settlement from the original owner and the inspection company if they play thier cards right!


creme8888
Rating
the old owner might not have to disclose the info but the other two party's should have spotted something i would suggest getting in contact with them and talking to them but they will probably not help so i would talk to a solicitor to see where you stand legally


SickGurl
If you did not have a building inspection before you bought the place, you're pretty much S.O.L. Law statutes state that buying property should be mandated before purchase with a home/building inspection prior to purchasing said home/builing.Otherwise, it is bought as is and no legal implications can be filed.


CctbOh
Rating
It sounds like you have a case against the previous owner for sure. Try and get hold any proof that you can that shows he had knowledge and did nothing to correct it only cover it up. You should have been told and the inspectors should have caught it but mold only grows when it's wet. If it was dry during the inspection he might have missed it. Talk to a lawyer and see what you can do.


mcneely96
Rating
It's going to be a long road...but get a lawyer, you should have a very good case if you have documentation. Whoever you have documentation from, if they are bonded, insured or accredited should know better and be able to do the job you're paying them to do. We had to deal with similar issues, but with hidden termite damage. They didn't want to make it right outside of court, instead they wanted to wait and see if we meant business and sue for non-disclosure. We did--they lost.


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