Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply

User Stats

15
Posts
8
Votes
Brandon Hardiman
  • Investor
  • Huntsville, Al
8
Votes |
15
Posts

Unpermitted Work Not Disclosed - Past Inspection Period

Brandon Hardiman
  • Investor
  • Huntsville, Al
Posted

So I am under contract on a property and I am past my due diligence phase. However, I have discovered on my own by chance that half of the house was an addition put on by the previous owners and no permits were ever pulled for it. This is in Alabama. Since I did not discover this during my due diligence period, am I legally obligated to still forfeit my EMD if I back out? Or can I back out on the ground that this was information not disclosed to me by the seller? There are no agents involved and I used my own purchase contract. I am a wholesaler and was going to just take it down myself if didn't find a buyer at the right price. But now I really don't want to take on the risk of an unpermitted addition and not getting appraisal value, insurance issues, etc...

Loading replies...