Legal Question in Real Estate Law in Michigan

We sold a home 10 months ago through a Realtor. We filled out the Seller's Disclosre as directed considering "conditions that impact the property". 2 months after the sale there were two huge storms. The Buyer reported by e-mail that the basement had flooded. In another e-mail the Buyer asked a question about a water stain on the living room ceiling by a window. The Seller recalled the stain and advised of a repair several years earlier. Now 10 months after the sale the Buyer is threatening a fraud suit or demands $15K because the repair was not disclosed. As an average Seller the old repair never came to mind when filling out the Seller's Disclosure. Also, the repair even if it failed and leaked would cause minimal damage and had nothing to do with the basement flood. There was no intent to trick the Buyer or hide problems. It was an honest error of not knowing prior repairs were a required disclosure. Now what do we the Sellers do?


Asked on 2/17/11, 10:53 am

1 Answer from Attorneys
Timothy Klisz Klisz Law Office, PLLC

Either hire a lawyer now or once you get sued. These cases will cost both sides money in attorney fees and most end up settling before a costly trial. Visit kliszlaw.com for a free phone consultation on this matter. Tim Klisz

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Answered on 2/17/11, 10:59 am


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