Is this different from any other latent defect that would lower the value of a house ? Would you buy a house that was substantially below market value if it had such a history ?
The case is Stambovsky v Ackley.pdf It was decided in 1991 by a New York Appellate Court. Mr. Stambovsky, to his horror, discovered that the house he just bought in Nyack had undisclosed tenants. Unlike some tenants who just act like poltergeists, they were. He discovered the seller and her family had also seen them … Read more