Monday, December 18, 2006

Do Your Due Diligence...

Home buyer is suing seller in fissure flap, from the Arizona Republic, reports that one homeowner is suing her property's previous owners and real estate agents involved in the deal over fissures that have appeared on the property they purchased. It is the latest round in an ongoing battle between home buyers and developers over the growing fissure problem. The Etenhousers purchased a property near the Santan Mountains in February 2004 for $230,000, but nearly three years later, they feel the value of the home has plummeted because of three fissure cracks that have shattered their land, cracked their tile floors and separated walls and ceilings. The suit alleges that the sellers lied about known defects on the property and that the agents should have known that the property contained fissures. ADRE has recently changed its subdivision reports to include a separate section for fissure disclosure.



http://www.azcentral.com/php-bin/clicktrack/print.php?referer=http://www.azcentral.com/arizonarepublic/news/articles/1216fissuresuit1214.html

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