06-08-2018, 01:03 PM
I saw the same report jrw is talking about and must say yeah the folks did not do their "due diligence" but.. and here is the rub.. it sounds like the realtor they dealt with hid the facts. If I was them I would be looking into taking the realtor to task.. ie court on that account alone. In fact as this all shakes down if any realtor is found to have hid the facts from buyers I say they should have their license to practice thrown out immediately and not be allowed to practice ever again. Period.
With that said the buyer is still responsible. Assuming they went through a conventional purchase, they were made aware of the zone issue and all it implies through the disclosure process. So yeah, they should have known better. And still.. they didn't and as such I feel we, our laws, and the way professionals in that industry behave is not doing the situation justice.
And btw.. just because jrw knows it's an old lava flow and that the one up the hill might come to bite that doesn't mean everyone does. As someone that lived through every moment of the inundation of Kalapana I can recount more than one instance of a land owner telling me they had no idea there are volcanoes in Hawaii. Seriously.
With that said the buyer is still responsible. Assuming they went through a conventional purchase, they were made aware of the zone issue and all it implies through the disclosure process. So yeah, they should have known better. And still.. they didn't and as such I feel we, our laws, and the way professionals in that industry behave is not doing the situation justice.
And btw.. just because jrw knows it's an old lava flow and that the one up the hill might come to bite that doesn't mean everyone does. As someone that lived through every moment of the inundation of Kalapana I can recount more than one instance of a land owner telling me they had no idea there are volcanoes in Hawaii. Seriously.