Legal Question in Real Estate Law in New Jersey
Statue of limitations? Do we have a case?
My questions is that we purchased our home nearly 7 years ago. It was listed as 4 bedroom and we bought it that way. There is no C of O requried for our town. We are now trying to sell and being told by multiple realtors it can only be listed and sold as a three bedroom house due to the window requirements for one of the bedrooms. We will lose money on the sale of our house due to this. I called out town to see what we are being taxed on ie. # of bedrooms and they said it goes by square footage. Do we have any recourse against the prior sellers?
2 Answers from Attorneys
Re: Statue of limitations? Do we have a case?
Call the 4th bedroom a Den. You would have to find your sellers and then prove they knew that they were misleading you into believing it was a fourth bedroom. Perhaps the listing broker from seven years ago may have liability, but it would have to be fraud. The statute of limitations had run out on contracts.
Re: Statue of limitations? Do we have a case?
Call the 4th bedroom a Den. You would have to find your sellers and then prove they knew that they were misleading you into believing it was a fourth bedroom. Perhaps the listing broker from seven years ago may have liability, but it would have to be fraud. The statute of limitations had run out on contracts.
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