Quote:
Originally Posted by ducksface
I'll give the basics of a similar federal law:
If a stick home is built by a private party and sold within a certain time of the build, we'll say, two years, the buyer has 3years to get back every penny they plowed into the house... Without giving a reason.
Look it up, see how close I am to the correct stance.
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I think that is somewhat a condition in some VA backed loans but I have never heard it anywhere else and I have sold houses in WY, MI, MO, AZ and CA, all newer and built by individuals. The closest thing I recall to this would be a home I sold in Casper WY and the buyer financed through VA as I had. It stated that I would be responsible for satisfying their loan if they walked away anytime within the first three years, but there was no specified recovery to the buyer. He would have to sue for anything he thought he was due.
If RV's were treated more like real estate they would have to have presale inspections and a lot of these issues would be documented and fixed. Much like larger boat sales. Sounds like a great business for someone to start.