Profile picture for ScrewedBuyer

Exxon Lawsuite Payout

Since seller already won the lawsuite against Exxon and NOW sell this house, Would I as a buyer be entitled to anything due to the damages to the property. It looks like any buyer will be out in the COLD since Exxon will no longer be responsible for any damages. So any buyer is basically screwed with this house and with no way out.
  • Question refers to 14409 Jarrettsville Pike, Phoenix, MD 21131
  • June 23 2009
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Answers (3)

Profile picture for Blue Nile
Considering this thread is over 2 years old, and considering it was created as a "home Q&A" after home Q&A was discontinued; the question posted was not even about the address indicated, but only indicates that a question thread for that address was being read when the question was created.

Regardless, the person never posted again in spite of a timely response, so why bother posting again over 2 years later?  (Is that the typical response time for Realtors® to answer questions --- two years after they are asked?)

And why recommend carbon filtering when the home in question may be on a municipal water system which is already treated?
  • July 13 2011
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Interesting questions and being a Realtor and also living in the general area, I wonder the same thing.  The simple answer is that new buyer needs to beware that the water in the ground could contain the presence of MTBE.  There are carbon water filtration systems that claim to eliminate the presence of MTBE from the water.  If you are considering buying in the area, you need to make sure you have a consultation with a good water filtration company to find the best way to purify the drinking water in the home.  Hope this helps.

Best,
Tim Kenney
  • July 13 2011
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Any damages to a property should lower the value of the property. If there was compensation to a homeowner, it would be for the depreciation of the value of their home and the resulting lower property value.

Any buyer of a distressed property would benefit from the property being sold in an 'as is' condition at a lower market price than could be attained were there not damage.
  • June 23 2009
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