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All Forum Posts by: Account Closed

Account Closed has started 4 posts and replied 13 times.

Post: Seller didn't disclose known roof issue - how should I proceed?

Account ClosedPosted
  • Posts 13
  • Votes 1
Originally posted by @Marci Stein:

Depends on the laws in your state. 

Here in Ny , a seller must either fill out a property disclosure form , or 

forfeit $500 from the selling price . 

If the first one is done and it’s 

misleading, you can sue . 

If the second one is done it’s your 

loss. 

Thank you for your answer. The seller did fill out the disclosure form and did not disclose any issues with the roof. There was a section for the roof that said "known defects:___" and the seller left it blank, which to me, implies there are no defects.

Post: Seller didn't disclose known roof issue - how should I proceed?

Account ClosedPosted
  • Posts 13
  • Votes 1

Hi everyone,

I purchased my first multifamily home in October 2018. The listing advertised the house as having a "young roof". No issues with the roof were verbally disclosed to me, nor were they disclosed on the disclosure form ("known defects:" was left blank). I had it inspected and my inspector didn't notice any major issues. 

However, since closing, at least 4 areas of shingles have blown off in the wind causing rain to leak inside all the way to my third floor unit. Since the house is so tall, these are costly repairs. Several licensed roofers have told me my roof was improperly installed. I tried to submit a claim to my insurance, and was denied twice, because the issue was determined to be due to the improper installation of my roof. 

I believe this was a known issue because my tenant and neighbor both said that before I bought the house, the seller was always patching up the roof. If this had been disclosed to me, I would not have purchased the house (or at least negotiated a lower price). 

It seems like my options are to either replace the roof myself (which I didn't budget for since I was told it was a young roof with no defects), or to go after the seller for not disclosing a known issue (which could also be costly and stressful).

Any advice on how to proceed would be greatly appreciated! I'm really lost as to what my best option is...

Post: Lead laws and fair housing laws

Account ClosedPosted
  • Posts 13
  • Votes 1

Hi! I just purchased my first multi family home (3 family, each unit has 3 bedrooms). I moved into one unit, the second unit is staying from the previous landlord, and the third unit is vacant. I’ve posted the third unit to a few rental sites, and since it’s 3 bedrooms, most of the people interested are families with children. 

So here’s my dilemma. Since this is an owner occupied 3 family, I’m excluded from the lead mitigation act as well as the fair housing act. I don’t want to rent to a family with kids for ethical reasons (I don’t have a lead certificate of conformance). But I can’t advertise “no kids” because I’m afraid of getting into trouble with the fair housing act even though I seem to be excluded. Should I just delay renting and spend potentially a lot of money getting the third unit a certificate of conformance? Or is there some other way I can try to avoid that expense and somehow find adult tenants for that unit? Any insight would be greatly appreciated!