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Placer County woman rues buying house with no permits
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2011 Aug 19, 9:54am 1,491 views 1 comment
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Pretty awesome. One of the big services that realtors claim they help with is filling out disclosures and things like that. Can't believe she didn't think to check. This is why a good lawyer for a fixed price would be far better than an incompetent used house salesman for a percentage fee.
This guy mentioned in the article knew how to capitalize, however:
Tim Waldron said he faced that prospect about a decade ago when he unwittingly purchased a home in Placerville that didn't have any permits.
El Dorado County officials declared the home unsafe to occupy, prompting the Air Force retiree to sue his Realtor and the home's builders.
The suit was settled out of court, and Waldron said he sold the property "as is" for a profit in 2004 when the local real estate market was strong.
Awesome that he sold his house to some chump in 2004 during the boom.
That's the problem. During booms, people start waiving things like contingencies in order to be "competitive." I'm surprised by the corners people will cut when making what is likely the biggest purchase of their life.
She was probably bragging about the great deal she got when she bought the place.
http://www.sacbee.com/2011/08/18/3845317/placer-county-woman-rues-buying.html
"I was naive," said Margaux, an insurance agent who also holds a real estate license. "I got burned on the deal."
#housing