my partner and ex wife have just sold their house after 2 years of separation, the date of entry was 16th november and the buyers have got a tenant in already and we have not been paid yet, is this illegal as no-one is communicating with us, shouldnt we have been paid that day i.e. 16th november, his ex wifes lawyer is dealing with this and wont talk to us directly or our lawyer???
2006-11-27 02:37:46 · 6 answers · asked by Angelica 1 in Business & Finance ➔ Renting & Real Estate
thanks for your answers...my instinct tells me all your answers are on the button, but what is the NEXT step when your own lawyer cant get to speak to the people dealing with this, they say they are not available... all the time. He has sold it to a property developer and rental company.
2006-11-27 03:09:00 · update #1
I think you need to get your own lawyer,it sounds dodgy to say the least.
2006-11-27 02:40:49 · answer #1 · answered by ? 4 · 0⤊ 0⤋
If the completion date was the 16th then the money should of went through to the lawyer that day before the keys were handed over.
Sounds a bit funny that you have a lawyer of your own, if your partner and his ex wife are the co owners of the property then your partner is also his ex's lawyers client, so they can't hold any info from him.
Lawyer's tend to like holding on to the money as it is usually transfered into there accounts, and will write out cheques, this gives them a few days of interest earned in there account.
2006-11-27 11:06:08 · answer #2 · answered by d_andrews78 2 · 0⤊ 0⤋
Too true to all the above responses.
Title to property passes on the agreed settlement date and at that time settlement, as in actual funds, changes hands from the buyer to the seller.
Your lawyer will have to have had this all sewn up tight so get onto him super-pronto. You certainly should have the had the money in your bank on the day of settlement, no variation is possible.
2006-11-27 10:59:49 · answer #3 · answered by Billybean 7 · 0⤊ 0⤋
Unlucky you've been conned, My partner and her ex got the cash the day the house sold.
Legally until you've been paid you still own the property, start giving the new tenants grief and it'll soon be sorted.
2006-11-27 10:40:59 · answer #4 · answered by M1 5 · 0⤊ 0⤋
If your partner was on the title to the property your partner should have received funds upon recording of the new deed.
Get on your lawyer like white on rice. This is what you are paying him or her to handle for you.
Tell your lawyer you want the funds immediately or you want to file suit.
2006-11-27 10:51:12 · answer #5 · answered by mazziatplay 5 · 0⤊ 0⤋
keys shouldn't have been exchanged until the money was in the bank. something isn't right here
2006-11-27 10:47:36 · answer #6 · answered by Anonymous · 0⤊ 0⤋