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I did a deal 17 years ago and I do not have paperwork ?
I did a deal 17 years ago and the buyer called me to say that there was asbestos and claims it was there since they bought the home. The home had a home inspector but I do not remember who it was or the lawyer.What do I do in this case? I did not know what to pick for Category.I shridded all my files after 10 years
Asked By Glenda | Barrie, FL | 81 views | Working With An Agent | 1 month ago
Answer(2)
Ashley Blackmore
Blackmore Group
Since the transaction happened 17 years ago and you no longer have records, your liability is likely very limited or nonexistent. In most states, the statute of limitations for real estate claims, such as fraud or misrepresentation, is typically between 3 to 10 years. Additionally, since the buyer had a home inspection and legal representation at the time, they were responsible for their due diligence. If the buyer reaches out, keep your response neutral and professional, stating that you no longer have records from that transaction and that any concerns should have been addressed at the time of purchase. Avoid admitting any responsibility or offering assistance. If they threaten legal action, they likely don’t have a case due to the time elapsed, but if concerned, you can consult an attorney. However, you are not responsible for this issue, and if they persist, politely refer them to their own legal counsel or home inspector.
- 1 month ago
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Lucy Mierop
Re/Max Market
An agent can come back 17 years on the MLS AND see who sold the home. If that agent is still working, she might have the file uploaded on her system. I upload all my files. I am in business 38 years. I can get to any file to see who did the home inspection, attorney and title company.
Worth a try. Lucy Mierop
- 1 month ago
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