Q: House closed on July 22. 2 days ago, the basement flooded, foundation cracks were found estimating 15000 any recourse?
There was nothing disclosed by seller. I had 2 inspections.
Cost of repair is 15,000, not 1500.
A: There could be recourse however it may cost you more than $1500 to get your recourse.
A:
Maybe against the home inspector, but likely only up the amount that you paid him/her for the inspection if there's a limitation of liability clause in the inspection contract -- AND if the inspector was negligent in not discovering the foundation cracks.
Maybe against the seller if you can prove that the seller knew or should've known about the foundation cracks and didn't disclose that fact in the pre-sale Seller's Disclosure Statement.
It's probably worth sitting down for a face-to-face consultation with a civil litigation attorney in your area. Best of luck to you.
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