California Unsatisfied Problems Identified in Seller's Files
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How to fill out Unsatisfied Problems Identified In Seller's Files?
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Compensatory Damages: The sellers could be forced to pay compensatory damages, to compensate you for any out-of-pocket costs associated with the concealed defect. These could include the cost of repair and any diminution in property value resulting from the defect. Legal Remedies If a California Home Seller Conceals a Defect | Nolo nolo.com ? legal-encyclopedia ? legal-reme... nolo.com ? legal-encyclopedia ? legal-reme...
Every seller of real property has a duty of disclosure. Failing to disclose defects can result in significant consequences to the seller of real property. Understanding the requirements can help individuals avoid legal problems associated with defects on the property.
Sellers have a legal obligation to disclose any known latent defects to potential buyers. This obligation is often based on statutory requirements and common law principles.
The 3-year statute of limitations for injury to real property in California, Code of Civil Procedure § 338(b) is another critically important statute of limitation which would apply to situations where there an injury or damage to real property occurs, as is the case where defects exist which cause damage to the ...
Failure to disclose can result in legal action, including breach of contract claims and fraud claims. The consequences of failure to disclose can be significant, including financial damages and even the termination of the transaction. In some cases, failure to disclose can result in criminal charges.
