I have offered to buy a home. The inspector noted "warped and loose" siding. The seller's realtor said there was a 20 year guarantee from Masonite Colorlock. They are out of business. Is this a problem? Should I back out of the purchase. Seller

Seller refuses to repair siding.

Answers:

From: Steve Farmer

obviously, the guarantee is useless now since the company is out of business. you can still go on with the purchase but consider asking for a discount since the guarantee for the siding is useless now and it will be up to you to repair it in the future.

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