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Updated over 8 years ago on . Most recent reply

User Stats

49
Posts
5
Votes
Suduk N.
  • Rental Property Investor
  • Bay Area
5
Votes |
49
Posts

Foundation problem after purchase.

Suduk N.
  • Rental Property Investor
  • Bay Area
Posted

Hi All,

I have recently purchased an investment multi family house 2 flats with a legal basement in Chicago, IL. I'm regutting the place then to find out there is a foundation problem that has caused the house to sag in the middle about 3 inches from the roof to the floors. 

The seller indicated no knowledge of the foundation problem in the disclosure. I have a couple of questions

1) Do you guys know any foundation engineer or company that I can contact to determine the severity of the problem and get a quote for repair. 

2) Under IL law, can I hold the seller accountable for all or some of the cost of repair? 

Thanks,

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