Who was responsible for disclosing the cost of garbage collection, water and common area electricity?
Question Details: I purchased a 4-plex and the broker presented numbers based on income and my mortgage but did not show that I would be paying garbage, electricity and water, so the numbers technically were not correct. As a result, I'm losing money every month. Was I supposed to find these numbers out on my own or was the broker supposed to give them to me? I feel like he hid these numbers from me.
There is no obligation to provide this information. Every home purchase has various "utility" costs associated with it above and beyond mortgage and taxes: e.g. everyone with a standalone or single-family home has to pay for electricity, heat, and water, and many pay for garbage and sewer, too. These costs do not have to be disclosed to a buyer, though it's wise for buyers to look into them. If you asked fo this information, the seller could not lie abour or misrepresent it--actively lying is fraud--but again, was not required to affirmatively bring it to your attention. You do not have legal recourse.