Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
Baltimore Real Estate Forum
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 over 8 years ago, 09/01/2016

User Stats

124
Posts
13
Votes
Shaquetta Chittams
  • Baltimore, MD
13
Votes |
124
Posts

EMD Battle

Shaquetta Chittams
  • Baltimore, MD
Posted

My husband and I put a contract on a home. During our home inspection, we found there was moisture in the basement and potentially mold based on our inspector's radar. He also noted the patch work around the foundation of the home was an indication their was moisture in the basement. He noted this prior to entering the home. This is actually what lead him to further investigate. He believed the basement needed waterproofing. After the report was sent to the selling agent (who is the seller's wife), the seller replied with his list of things he would fix. This list included additional patching around the foundation of the house. We declined and opted to release the contract. When we opted to release the contract because the patchwork was not enough, the selling agent is now attempting to keep our EMD because the inspection report was a day late although they were notified and accepted. Also, we believe this moisture in the basement was a latent defect that was not initially disclosed in the contract. We didn't learn of this until we conducted a home inspection and according to the report the levels on the moisture radar was significantly higher than where mold begins to grow. The patchwork and the increased moisture level somewhat appears that there had to be knowledge there was a moisture problem in the basement especially considering the sellers resolution was to re-patch the work he had previously done. What protects us as the consumer from shady sellers and their agents? Especially considering we would not have put a contract on the house had we known their was a moisture problem. There actions appear to be intentionally deceptive and now they are trying to take our money stating we breached the contract because the inspection report was a day late.

@Ned Carey

@Ned Carey Do you have any advice on this topic?

Loading replies...