I don’t know your location however where I am outside of negligence from an unsafe tree if one falls each neighbor is responsible for the part that is in their yard.  

$6000 “insurance” for $150k seems negligible to me especially since its 30yrs to pay.

I considered taking the 2.5% with no lender credits but the difference in the end, in regards to final cash needed to close, was negligible.

If this proves not to be the case, you may be able to pursue a negligent misrepresentation theory against the seller (a claim typically covered by insurance). 

The penalties for even non-negligent failure to file most of the applicable forms are steep.All assets need to be taken into consideration, even ones you're currently not receiving income from and are in the back of your mind -- like foreign pensions and retirement accounts.

It's notoriously difficult to sue an inspector for negligence, so I don't think that's in the cards for you.Beyond that, unless you can prove it was known to the seller at the time of sale, I don't see how you get any liability for failure to warn/disclose. 

If you don't draw down on it, you aren't paying for it (some banks do have a $50 or $100 fee per year to keep it open, but that's negligible).

Maybe better batteries, but it’s not negligence.

The effect is negligible, @Aimee Tarte.

My question is: As the new owner, am I legal obligated to pay the balanced due from my brother's negligence?