severe foundational defects discovered years after purchase. Century21 lied is there anything we can do?
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severe foundational defects discovered years after purchase. Century21 lied is there anything we can do?
My spouse, a retired mail carrier Navy Veteran bought this
house before we met in 1997. Purchased through Century21 on a
VA loan, at some point it was chgd to a regular loan, it
took almost 15 years for the soil in back yard to wash
away…. revealing 4 foundational cracks, which form a perfect
” shape beneath the house. After all these years since
purchase, can anything be done? New Link Destination
fix it correctly could
bankrupt us.
Asked on May 14, 2018 under Real Estate Law, California
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
Unfortunately, it is too late to file a lawsuit for fraud against the seller for failure to disclose the cracks in the foundation because CA has a three year statute of limitations for filing a lawsuit for fraud. Since the statute of limitations has tolled (expired), you have lost your rights forever in the matter. A lawsuit filed now is barred by the statute of limitations.
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