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Re: condition assessment

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I second Bill's comments, but I would also urge you to be careful, be VERY CAREFUL, especially of your legal obligations.  Also, how does one know that something has been "properly repaired," and is that definition agreed to by all?  I really don't understand why something that's been repaired would not have to be disclosed, so that the buyer and his/her experts can decide themselves if the repairs have been "proper."  I run scared in such situations.


In a message dated 4/1/08 10:12:47 AM, cbanbury(--nospam--at) writes:
I’ve been asked to do a condition assessment on a residence that is being sold by a bank due to a foreclosure. The house is in my neighborhood and I seem to remember that it may have had an issue with a sinkhole.
The bank is selling the house as-is and hasn’t provided any reports or studies. To what lengths should I go to discover the history of the structure? If the sinkhole damage was repaired by following an engineered study does the seller have any obligation to disclose its history?
I can base a preliminary condition assessment only on what is generally evident and exclude a consideration of sink-hole related activity but I’d like a few opinions.
Thanks in advance.

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