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CalAttorney2, Lawyer
Category: Real Estate Law
Satisfied Customers: 10244
Experience:  I am a civil litigation attorney with experience representing HOAs, homeowners, businesses and others in real estate matters.
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We purchased a home in which false statements were made

Customer Question

We purchased a home in which false statements were made regarding the condition of the home in the disclosure forms by the Seller &/or Seller's Agent; what are the conditions that must be met for Recission of Sale in the state of Louisiana?
Submitted: 1 year ago.
Category: Real Estate Law
Expert:  CalAttorney2 replied 1 year ago.

Dear Customer,

What is the current status of the sale? (You say that you noted the problems and approached the law firm holding the escrow, did they stop the sale, or is it in dispute?).

In most cases deficiencies are handled through negotiations and an offset, but if you have fraudulent misstatements and intentional efforts to conceal damage (and fraudulent disclosures) you would have a claim against the seller for fraud and/or fraud in the inducement.

(Fraud in the inducement is the claim that makes the contract "voidable" - where the sale becomes enforceable or void at the injured party's option).