Legal Question in Real Estate Law in Pennsylvania

Breaking An Agreement of Sale after settlement

My husband set up an LLC and purchased 2 investment properties. At walk through, a problem with hot water heater was discovered. Seller agreed to have it taken care. Went to settlement and everything closed. Next day, it was discovered that there were major repairs needed with hot water heater, furnace, stack pipe, etc. Seller initially agreed to fix and pay but now is backing out. These defects were not disclosed on the disclosure statement prior to settlement. There has been no one living in the house for quite a while and the heater hasn't been serviced since 1980. Can we back out of this sale and take legal action against the seller?

Thank you.


Asked on 1/30/03, 11:40 am

1 Answer from Attorneys
Gerald Hershenson Law Office of Gerald M. Hershenson

Re: Breaking An Agreement of Sale after settlement

The entire facts of the sale must be reviewed. It is too late to back out of the sale if the purchase has already been completed. A legal action can be instituted for failure to disclose a defect. However, there are so many variables that have to be reviewed. I suggest you consult with legal counsel. If I can be of any assistence please let me know. Gerald Hershenson 215-579-9390

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Answered on 1/30/03, 12:00 pm


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