Real Estate Law
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You need to look towards the seller, the seller's agent, the home inspector (if the home was inspected) and the appraiser for redress. This means you should first make a demand to all four of them for payment of the costs to bring the property to code. Then if your demand is ignored, you would have to file a lawsuit against all four of them and let them fight amongst themselves who is ultimately responsible to you.
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Yes, there is a Statute of Limitations and it is four years. See California Code of Civil Procedure Section 337.