What needs to go into a disclosure statement?
Question Details: I just had a quarry shutdown/takeover about 1/4 mile of my road, beginning from my property line down to the farmhouse at the next street. Apparently, they own all of the farmland between my house and the other house along that 1/4 mile stretch and are looking to expand their mining operations across the street into that land. I was unaware that the quarry owned this land before buying my house over 3 years ago. This was a foreclosure when I bought it. This is also my first house. I'd really like to not be stuck with this place forever without taking a wash selling it, I have to imagine my property value will take a nose dive as soon as the quarry starts mining the land next to my house. If I look through the disclosure statements in my mortgage docs and don't find any mention of this do I have any legal recourse against the seller/real estate office?
No, you do not have any legal recourse. A seller is only required to disclose physical conditions on the property they are selling: e.g. flooding, leaks, septic issues, contamination, terminates, etc. They are under no obligation to disclose anything off the property, such as a nearby quarry. Since they had not obligation to disclose, there is no recourse for them not disclosing it.
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