Posted by dealmaker on March 10, 2006 at 07:29:10:
Nope, this is TX, almost no environmental laws to speak of, no building codes outside of city limits, with 5 acres I’m pretty sure you’re outside of city limits.
You may have some moral obligation, but no legal one.
dealmaker
Hos to disclose??? - Posted by Genny in Texas
Posted by Genny in Texas on March 09, 2006 at 22:11:57:
We are trying to sell a 5 acre tract in Texas. About 2-1/2 years ago, the house on the land burned. To save on costs, we had some heavy equipment guys come out with a trackhoe and a dozer. They dug pits and buried the remains of the house and barn. There was also a septic system that was buried. Are there any environmental issues that may need to be disclosed? We were planning to rebuild on the property but have changed our minds. Several people told us that this would be the least expensive way to dispose of the rubble. I hope we didn’t screw up.
TX RESPA…you MUST disclose - Posted by John Merchant
Posted by John Merchant on March 11, 2006 at 09:09:41:
I just checked TX law, and TX has, like most states, now adopted RESPA into its statutes and seller must disclose known or suspected defects.
Caveat that Emptor. - Posted by John Merchant
Posted by John Merchant on March 10, 2006 at 22:56:57:
If I were you, I’d disclose everything.
Your failure to do so might get you sued for fraudulent concealment, whereas if you tell all upfront, the “emptor is indeed caveated”.
TX is just as litigious as anywhere else and if your buyer is kept in the dark about anything, you’re the one who’s gonna be in the soup.