Who’s to Blame in Real Estate Disclosure Law Issues

Florida’s real estate market is an investor’s dream according to media accounts, but it is not the place for an amateur home buyer or first time commercial investor. Homes in foreclosure, homes being sold via short sale, HUD homes and even experienced commercial purchases can become a nightmare for sloppy, hurried buyers who don’t get their own inspections or work with an experienced real estate attorney. Properties have been sitting empty sometimes for years with no maintenance, improper and illegal repairs, non-licensed rebuilds, add-ons, roofs and buildings. If you buy a property and are just now realizing that the seller lied about a property’s pre-existing condition like a leaky roof, you now bear the responsibility of tracking down who’s to blame and why you ended up with the bad deal. Florida real estate disclosure laws are firm and clear. But desperate times have produced desperate sellers who lie. Yes, lie to get rid of the large number of ailing properties across the state. Did a Real Estate Attorney Review the Contract?  Florida real estate attorney Eric Lanigan’s going to ask you whether full disclosure of the issue was made. Then he’ll ask whether you had a real estate attorney review the final documents. Hopefully you did consult with a real estate attorney. If you had then you would know that the issue was completely divulged and you didn’t question it, didn’t get your own private home inspector because you were on a budget and didn’t want to add several hundred dollars to the price of a several hundred thousand dollar home. First, you had better realize that not every...