Your wife looked at the area and thought it was wood rot so had taken out and put new wood in it's place.The current purchasers are saying you did not disclose termite damage in the location.The buyers can accuse you of "fraudulent concealment" which is trying to cover up a known problem.If you simply took out wood rot and did not disclose that this was an area you thought was wood rot but were not sure then it could come back on you.If you are unsure you always disclose.This puts it back on the buyer to their "right of their own inquiry".If they fail to pay and do due diligence before a purchase then it's on them.If their termite report showed no damage in that area the termite inspector could say the seller covered it up with new wood.It's pretty easy to see if you have active termites versus wood rot so your wife claiming ignorance in my opinion in would not stand up in a court of law.I am not giving legal advice but it seems from the sellers stand point you could have handled this much better.If you were unsure about that area you could have had an acknowledgment signed before closing by you and the buyers.They then might have backed out of buying.If you made 20k profit and you have to settle for 1k you are still ahead of the game.You have to live and learn.No legal advice.

We also want to emphasize that we consider it an honor to do business with you and would like to continue to do so.By signing below you acknowledge that you’ve received this notice:Tenant 1: Sign:______________________ Date:_______________Tenant 2: Sign:______________________ Date:_______________Landlord: Sign:______________________ Date:_______________

The acknowledgments are nice and have been appreciated, but that's not what it's about for me, as a contest.

These days, if I don't get at least an acknowledgment from the Listing Agent within 24 that the offer was received, I start to wonder what happened.

But if another relative does own the house, and acknowledges that it was your aunt's intention that you own it then perhaps they will be willing to sign it over.

They don't want to deal with it.John, good deal, put it in writing and make the acknowledge the offer one way or another.Anthony, specifics are way too much to explain in a forum post!

I will bet that if you asked that question of almost every new investor they would say the same thing regarding their location... and while I acknowledge there may be some exceptions (New York City comes to mind) there is an entire world of investing going on right under your nose and you probably don't even realize it.

In fact, it's still unclear what led to the blast, or whose fault it was.That said, everyone acknowledges that BP owns the oil, BP owns the well, and BP is responsible for the cleanup.

I didnt listen real carefully but they were saying we have much better financial technology that would benefit the buyer and lender and greater acknowledge specific situations people would be in.

You can use it by registered letter with acknowledgment of the seller to let them know that you refrain from buying.