Wednesday, December 13, 2017

Can I get out of a mortgage agreement for seller withholding that there was a leaking oil tank?

My girlfriend purchased a house (seller is holding the mortgage) earlier this year. A week after the closing, town inspectors showed up saying there's an oil leak coming from our tank, from the valve connecting the two oil tanks. We called the seller of the property who came over and from certain things he said in the conversation, he knew about the valve leaking. Is there a way to get out of this agreement and get back the money we put down as well as closing costs?

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