Giles Law Solves Problems
Real Estate Disclosure Law
Did you sell your home only to have the buyer sue you?
Did you recently buy a home only to find defects the seller did not disclose?
(918) 299-4454
Our Law Firm Represents Home Sellers & Buyers
Oklahoma Real Estate Lawyer
Real Estate Disclosure Act Defense
- Oklahoma Real Estate Disclosure Act
- Home Buyer or Seller Is Suing You
The saying “buyer beware” will soon be a thing of the past for most homebuyers in Oklahoma.” That is what the July 2nd, 1995 Tulsa World article said when Oklahoma’s Residential Property Disclosure Act went into effect. Decades later, TulsaWorld had it right, but unfortunately, what they meant was, “sellers beware,” because today, Oklahoma home sellers can find themselves faced with a surprise lawsuit for problems they are not responsible for or even aware of. Innocent people are selling their homes and being falsely accused of fraud; this stops with a phone call to Giles Law, P.C.
Are you being sued by the person that purchased your home recently or even years ago, and they believe you are responsible for a problem with your old house that you were completely unaware of? Suing home sellers even years after a sale closes is becoming more and more common. Although Oklahoma’s Residential Property Disclosure Act has been in effect since 1995, today, we are seeing an increasing amount of cases where homebuyers are suing home sellers.
Reaching out to Giles Law in Tulsa, Oklahoma, will cost you NOTHING. We are happy to extend a free consolation to you. We defend home sellers in Oklahoma.
It is very stressful to find out that you are being sued for alleged problems with the house you sold and no longer own, particularly if the lawsuit is filed years after the transaction completed. At Giles law, we are skilled in defending sellers in real estate disclosure disputes. We can provide you with the legal advice and support that you need to fight back.
How Real Estate Disclosure Laws Can Impact Home Sellers
In Oklahoma, real estate disclosure laws leave home sellers vulnerable to lawsuits brought by buyers. Whenever a property is sold, the seller must complete a property disclosure statement which outlines known defects related to the property. If the buyer of the home later claims that a defect was not listed on this document, the seller could face a major lawsuit possible compensation payments and a bill for the buyer’s legal fees.
However, as experienced real estate disclosure defense lawyers, we have noticed that many lawsuits pursued by home buyers aren’t necessarily as simple as they seem. There are many angles from which to defend a seller.
I Am Being Sued by my Home Buyer. What Now?
If you’re being sued by the buyers of your home, your first step should be to seek legal advice. It can be overwhelming to find yourself facing a lawsuit, but you might find that many of your worries are eased after speaking to a lawyer. Look for an attorney with experience in real estate disclosure defense. The attorney will go over the facts of your case with you and advise you on the best way to defend yourself in the lawsuit.
You should try to gather up as much information as possible related to the sale of your home. For example, you should have a copy of the Property Disclosure Statement that you completed during the property transaction. This will go a long way in helping your lawyer to understand what angle the buyer is coming from in their lawsuit. Documents from real estate brokers and home inspectors may also be useful in building a defense.
Hire an Experienced Real Estate Disclosure Defense Lawyer
Never underestimate the importance of an experienced lawyer. If you’re a defendant in a real estate disclosure case, you will be able to defend yourself far more efficiently with a skilled real estate lawyer on your side.
If you’re facing a lawsuit relating to a property you sold, do not waste any time in getting legal advice. We offer a free consultation for individuals seeking real estate disclosure defense – give us a call today to arrange your appointment.