Dear Monica: Is it risky to buy a condo that has just settled a lawsuit over construction issues? Meredith M.
Dear Meredith: There is a lot to consider regarding this. If the settlement covered the complete scope and costs of repairs, this is reassuring, although it would be best if the work had been completed. If damages were also part of the settlement, this would be good, but it could also imply that some dishonesty was involved.
If the scope of the issues litigated was not complete you may find there is unknown damage that you will have to pay for. Know what is being offered before you buy.