Buying a house a few years old vs wiring

[mtnelect]

It took me five years to win a Mechanics Lein, it was a "Wash". I won't do that again ! ...

 

[hbiss]

Only after July 2004 did CA Civil Code 1102/.6h require disclosure of defects on Transfer on Disclosure Statements (TDS). That was a new real estate law.

You can only disclose (and be expected to disclose) what you know about. Something hidden in the wall that, after decades presents itself to the current owner, is not something that you can blame anybody for. Suppose there were five owners before you. What are you going to do, sue each owner and probably the dead electrician?

-Hal

 

[ramsy]

What are you going to do, sue each owner and probably the dead electrician?

Lawyers are known for burning up money in litigation, until their clients are broke, and forced to settle.

Whatever money Rancho Palos Verdes residents have left, is likely going to lawyers

 

[hbiss]

Lawyers are known for burning up money in litigation, until their clients are broke, and forced to settle.

That's why, if you are smart, you stay far away from lawyers. In the OP's situation, he probably could find some lawyer who says he will take the case. They'll want a $500 retainer to start and $200/hr.

-Hal

 

[readydave8]

$500

Probably more nowadays, maybe even add a zero