Escrow & Title
In Maine, a seller's failure to disclose known material defects may expose them to liability for:
AProperty tax penalties only
BFraud, misrepresentation, and rescission of the contract✓ Correct
COnly post-closing mediation
DNo liability since the buyer inspected
Explanation
A seller who knowingly conceals material defects may be liable for fraud and misrepresentation. The buyer may seek damages, rescission of the contract, or other remedies.
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