Quote:
Originally Posted by John_W
Our CYV's were new in 2011. One of the homes on our street was purchased by a snowbird and while they were gone there was a major water leak in the slab. When they returned the M/Br and bath were flooded. They called the warranty department and TV fixed the problem free. They replaced everything in that area, new vanity, new flooring, new drywall, new trim, etc. It was a major repair with sledgehammers into the slab and took three weeks.
After it was fixed the owners put the home on the market with TV Real Estate. It sold quickly and when the new neighbors arrived after closing, another neighbor asked them if they had any concerns about the water leak. The new owners didn't know a thing about it. They got a lawyer and contacted TV and was told they didn't need to inform them because the problem was fixed by the warrantly department.
After a few months, those people listed the home with TV Real Estate and it sold quickly again. When the new neighbors arrived, the same neighbor asked them about the water leak. They responded we were never told. That was a month ago, so now were hoping these folks stay. Third owners in three years.
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Maybe the buyers sold quickly because they have a really sh***y neighbor who is not for harmony among neighbors, but is chomping at the bit to cause them angst about a problem that no longer exists.
The slab crack/leakage could have been due to the concrete mix or plumbing pipe/valve problem, and not necessarily to ground movement. I just looked at our disclosure and it is ten pages and asks nothing about the slab. The only question I could find was "f. Are you aware of any plumbing leaks
since you have owned the property".
Also, this is why home inspections are done when buying.