I am buying a house and the seller provided a falsified documentation on the elctrical work that was done in the house.?

Normally the only document a seller would present to you is a paid invoice indicating the electrical work has been done and is complete.

If this was done and a permit was required to be obtained from the city you might request the seller present you with the permit that was signed by the city inspector, indicating the electrical work was done in a workman like condition and met the city code.

You might also want to hire your own inspector. to inform you of possible damage to the house, that might be in need of repair.

Normally you would have a clause in you sale agreement that the buyer would be required to pay all or a portion of the repairs found by your inspector or if the damages was so great, you would be able to cancel the sales contract.

If this clause was not in your sale contract, the seller is under no obligation to pay for and damages found.

If you are seeking a means to terminate the sales contract because you have buyer's remorse, you will have to come up with a better excuse than the one you have presented.

If you fail to go through with the terms of the sales contract, you might be required to forfeit your earnest money to the seller.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

1. BACK OUT IMMEDIATELY. Avoid being considered part of the 'fraud' of false documentation.

When we purchased our first house (Virginai) a thorough condition survey was required BEFORE

any sale. My wife paid $400 + to repair sub-flooring under the bathtub for failed SEAL between

the floor surface and the tub. (Damn SELLERS should have paid!)

2. NEVER buy a house with 'as is' identified faults unless you WANT TO bear the expense of

repair and upgrade. The FACT that the Seller LIED once is a HUGE warning that there are likely

WORSE surprises lurking to bite you 'after closing'.

WHO discovered the 'falsified documentation'? WHY isn't there legal action in progress?

WE Specified "No Closing costs paid by us!" Just prior to Closing the Sellers demanded 50/50

split payments; ours was $1,800. My wife panicked. I assured her NOT TO PAY, that was our

agreement; the fact was the SELLER had bought a 'Dream House' to move into. Without 'Closing'

they were STUCK -- they paid.

If you have dealt with a Realtor and he has become aware of the 'deception' RUN! RUN AWAY!

Find someone more interested in a 'fair deal' and less interested in Commission of Sale!.

Is the electrical paperwork listed on the purchase contract as a requirement?

Are you already past your contingency period to back out the deal?

If the first answer is Yes, and the second answer is No, then this is kind of a tough situation. I'm not sure.

But usually the seller will let you back out, because the deposit is being held in Escrow.

Just made sure an inspection thoroughly is done on this place.......trusting the inspectors work of course.

I am planning on buying another home and found I am going to stick with the better built homes in the 60's and staying with a brick outside and foundation..Indiana ......not slab flooring. Plus I do like actual hardwood flooring and one would probably have to have it refinished. Good luck I find it necessary to make list of what is important and making sure it is what you actually want. Making sure the last owner took excellent care of everything........as I have done.

Since closing is scheduled, we can only assume you have exhausted all of your contingencies (inspection, mortgage, etc), and you can only back out of the deal if the SELLERS have done something wrong, such as fraud or failure to deliver good title.

If your inspection discovered the electrical problems, that was the time to terminate the deal or get the sellers to fund repairs or offer you a discount.

You should have a closing attorney. Talk to them. Talk to your real estate agent. Get proof of the problem and take it to closing with you. Make notes on the closing documents and make certain both parties sign them.

It is not unusual to have a closing where the seller has to go back and correct certain problems at their own expense.

But if you tell your agent, the title company and your attorney, they should have an agreement or repair in place before closing.

You ought to have an inspection clause in your contract. You pay an independent inspector to inspect. If you don't accept the condition of the property, you can bail.

If you've already exercised all your contingencies, you will have to get advice from an attorney rather than the peanut gallery on Yahoo.

if you want this house you would do well the spend the money to have your own inspector make a full assessment of the house and its worth

if the seller provided a false document of any kind, it would automatically make me suspicious of ANYTHING about the sale

With closing a week away you probably can't cancel without loosing your deposit. Depending on the exact verbiage in the contract you may be able to delay closing. This is one of those time when you really do need an attorney.

Since you have done your due diligence that finding can get you out of the home. Call your realtor and tell them you are backing out over the false documentation on the home.