Legal advice

[baz67]

The best advice that can be given is get a great lawyer. Real estate laws vary from state to state so any advice you get here may not apply to you. Sorry and good luck.
Brian

[Radio Joe]

A lawyer definitely!!!!

Didnt they have the house inspected before they bought it? To say you are in breach of contract they would need to prove you knew... In order to prove it there would have to be evidence of past flooding. If there was evidence of past flooding and inspector should have caught that.... If the inspector did and told them, then they are at fault for buying it.

just my 2cents

[dennis68]

I went through something similar when i bought my last house. It is soooo hard to prove "failure to disclose" which is what they are claiming i am sure. Retain a lawyer but you probably won't need him, it's totally on their shoulders to prove you knew and withheld information about the flood level of the area, without substantial and obvious damage that is going to be pretty tough.

When we bought our last house the water had been off for several months prior during winter, I made a "surprise" trip to the property before escrow closed to see a plumbing truck out front, when i walked in a saw the previous owners and a plumber starring at a hole in the middle of the kitchen floor and looking at rusted pipes. I left and called my agent, before we could do anything they had "patched" the pipe and closed the hole. This house was built on post-tension foundation and you are not allowed to open the floor with an engineer present. We tried getting some money out of the deal, wound costing 5K out of pocket to get floor fixed correctly and re-plumb the house (did that ourselves). Never got 1-cent from the original owners even though I walked in to see everything, that is how difficult it is to prove anything after the fact.