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View Diary: Freddie Mac sells Oregon family a former meth lab (33 comments)

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  •  Sadly this may not be true (3+ / 0-)
    The problem with German's claim is that it shouldn't be the buyer's responsibility to foot the bill for testing a house for hazardous materials.  You don't expect someone buying a car to pay for making sure it's safe.  Should a home be any different?
    Actually, anyone buying a used car without getting it checked out by a 3rd party mechanic is asking for problems. The lemon laws in most states are pretty flimsy in regards to used cars. It is strictly a case of caveat emptor And, at least in WA, every home or property I've bought I've had checked for problems. It's a few hundred to a few thousand upfront and some lenders won't even give you a loan unless you've done all of them. I'm surprised Freddie Mac didn't require it.

    If we got Mitt to be slightly less dishonest and gave him some personality he could pass as a used car salesman.

    by ontheleftcoast on Wed Oct 03, 2012 at 03:33:01 PM PDT

    •  used cars are not the same as (0+ / 0-)

      homes - disclosure laws for real estate are much more stringent - and, even with used cars, there are limited warrantys (usually 30 days) for specific items, but if that car really is a clunker, going through court usually ends up in the buyer's favor.

      •  But they're *Disclosure* laws (1+ / 0-)
        Recommended by:
        FG

        Not warranties. They only require the seller to disclose material defects that he knew or should have known about.

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