How long does a buyer has to prove the seller did not disclose an item?
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How long does a buyer has to prove the seller did not disclose an item?
The seller, as well as the listing agent and the buyer’s agent, failed to disclose that the property had flooded prior to the buyer’s purchase.
Asked on June 29, 2019 under Real Estate Law, California
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
The statute of limitations in CA for filing a lawsuit for fraud is three years.
Fraud is the intentional misrepresentation or nondisclosure of a material fact made with knowledge of its falsity and with the intent to induce your reliance upon which you justifiably relied to your detriment.
In other words, you would not have purchased the property had you known of the flooding.
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