Cerritos, CA asked in Real Estate Law for California

Q: Are we stuck in the Purchase Agreement?

Seller signed Disclosure form on Feb 20 stating that there were no septic problems. Seller had septic inspection on Feb 25 indicating a new septic tank is needed. We (buyers) signed Purchase Agreement on Feb 28. We signed Disclosure form on Mar 3 and shortly after removed inspection and appraisal contingencies. Seller disclosed the septic problem on Mar 11.

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1 Lawyer Answer
Maurice Mandel II
Maurice Mandel II
  • Newport Beach, CA
  • Licensed in California

A: You need the assistance of a Local real estate attorney to get this resolved. No one is bound by any answer you get on this website. IMO they concealed a defect with knowledge. You may be able to void the agreement.

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