Hello everyone, My wife and I bought our first house. A bit of a long story but suffice it to say that we had very little time to make our decision and were burnt out when we finally did. We got the boot from our seven year rental house because the landlords wanted to move back in. We used up 40 of our sixty days on a house that didn't pass inspection (and the sellers rejected the inspection). When we were finally released from the first house we had about a week to choose a place (we could afford), make the offer, negotiate, close, and move. We knew we should rent and try to slow things down but couldn't find anything that would take our four cats. So, during the final walk through we noticed a couple of cracks in the block foundation. Our realtor told us we could simply fill the cracks with a specially formulated epoxy (and gun) and told me where to buy it. After the closing, we went straight to the place she told up to go and they looked at me kind of sad like and said, "she doesn't know what she's talking about, you can't use epoxy for block walls. I felt the dark clouds forming over my head at that moment. The epoxy supplier gave us a name of a contractor and he came to the house. He told us not to move in (which was to happen the very next day), and that we got hosed. Every wall (that we can see) has several cracks in it (initially hidden by boxes shoved into closets that were built over the cracked walls). In hind site, we should have walked away from the place after the final walkthrough but we were lead to believe that the walkthrough was just a formality and that we were pretty much locked in to the purchase at that point. Okay, so the seller's disclosure form claims there are no cracks in the basement walls, that there are no leakage problems (which there are), and no material or plumbing defects that would cause leaking water (I had to completely regrout the tile shower stall to make it usable. We found the home buying process to be very dishonest and ugly. I thought I did my homework (my wife said I was obsessed with not getting screwed, which I was) but here we are. These folks made a huge profit (enough to retire on) from us and we're paycheck to paycheck people stuck with a house we would have to lie about to resell (which we won't do). So, short of spending 20-30 grand to have the foundation fixed, what can we do? We don't have (and never will have) that kind of money. Some folks have told me that many buyers don't really care about cracks in foundation walls (in a house this age, built in the early sixties), but I find this hard to believe. After all we've been through, we would like to sell the place for the price of the loan and get another rental (at least for a while). I am an educator and spend my days trying to teach honesty and integrity and this whole experience affected me deeply. It's not a bad place (other than the problems described), it's in a good neighborhood, close to a church, and pretty quiet with very nice neighbors. But still, I want out in a year or so. Are there any consumer protection agencies for this sort of thing? There are plenty of books out there on how to screw people over but nothing for the person that gets screwed. Any advice? Should we just chisel out the cracks (steps, horizontal, and vertical) and fill them with mortar as best we can? I'm a handy guy but know next to nothing about masonry. Sorry for the long post and thanks for listening.
- posted
16 years ago