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Any seller of a home or property must legally disclose all information about the home or property, fully and accurately, to the buyer. Lying or omitting any information in the disclosure (or disclaimer) is considered the illegal act of providing false disclaimer information.
If there is a defect or flaw in the property that would diminish the value of the property, the seller must legally inform the buyer of this before the sale contract is signed. However, sellers may be dishonest and lie, giving the buyer false disclaimer information. Essential information that sellers may report falsely or omit may include:
If a seller of any property is found guilty of providing false disclaimer information to a buyer, the seller will be liable for fraud and likely taken to court. The buyer involved can pursue litigation against the seller and dispute the disclaimer or disclosure information. A buyer would then be entitled to securing a settlement with the property seller and potentially recovering damages.
If you have purchased property and discovered that the seller may have given you false disclaimer information, seek the council of a real property attorney immediately. A lawyer can collect evidence to prove the disclosed information was false and will help you through the lengthy court proceedings. Legal council will help ensure a settlement is reached and your damages are completely recovered.
For a seller, being accused of false disclaimer information from a buyer can result in lengthy court proceedings, expensive restitution settlements and losing a license. If you are a seller involved in this situation, consult an attorney right away to have your rights protected.
If you purchased property and discovered the seller provided false disclaimer information about the property, contact Attorney Search Network for a lawyer referral. If you are the seller of a property and have been notified of a pending lawsuit regarding disclaimer fraud, contact Attorney Search Network for a Real Property Lawyer referral with Lawsuit Defense experience. A Real Property lawyer can provide you with a consultation about your rights and further steps to take.
If you have any questions about the information provided above, please contact us. Call us toll free at (800) 215-1190 or fill out our online form for your Real Property lawyer referral.