Real Estate Law
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Hi, I'm John. Welcome to JustAnswer. I'm reviewing your question now, and will post back with your reply momentarily.
I am sorry you are dealing with this situation. It is not legal to actively conceal serious issues regarding structure of a home and a seller must disclose all known defects. If they actively attempt to cover up a known issues this is fraud and grounds to terminate the contract or sue for misrepresentation and fraud.
There is not grace period like vehicles. There is what is called a contingency period that is set forth in the purchase and sale agreement and grants the buyer a certain amount of time to inspect the home and if problems arise close the transaction.
If that period is past. The buyer can terminate the contract however unless the seller is willing to be reasonable, may have to sue to have the earnest money returned. The grounds to sue is based on fraud and misrepresentation.
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