My husband wanted to sell our rental property, so he called a phone number that advertises that "they buy houses", anyway he went in and got a lot of info and signed a contract to "continue the process" or so that is what he understood! What he signed was an actual contract. They are offering him next to nothing on the home and deducting the amount that it will cost them to repair the home and on top of that a realtor fee when they are the ones buying it!! I was appalled and now they are threatening to sue, what can I do??? Please help!
2007-02-09 11:32:28 · 5 answers · asked by donners007 1 in Business & Finance ➔ Renting & Real Estate
Get the real estate license number (or name) of the jerk trying to do this and get in touch with TREC, the BBB, and Greg Abbot's office as soon as possible.
2007-02-09 11:51:52 · answer #1 · answered by mickeyg1958 4 · 1⤊ 0⤋
For a contract to be valid there must be a meeting of the minds. If your husband didn't agree to the price, there wasn't a meeting of the minds. The courts are unlikely to force specific performance, and would most likely nullify the contract.
If you are indeed married, you are joint tenants and cannot sever the ownership. This means that your husband cannot sell the property without your permission.
If he discussed this with the supposed buyer, there are no Realtor fees at all. They have suffered no damage and need not be compensated.
They cannot take possession of the property, and he cannot change the deed, unless of course your husband signed that too.
If I were you, I'd blow them off. If they go to a lawyer, then you can get one, but they are just trying to lean on you to get your follow through.
The last thing they want is a lawyer in on the deal, even theirs. They would be told that there is no just compensation they can seek, as they have suffered no damages.
I had this happen to me once. I had earnest money down; they signed the contract, then got cold feet and backed out.
Unfortunately for me, there is no earnest money from the seller that can compensate my time. It only ratchets the other way.
For your peace of mind, you can usually discuss this with a lawyer for about 15 minutes with out a charge. Usually they would charge you about $100 to send the buyer a letter telling them they are full of it.
2007-02-09 13:20:40 · answer #2 · answered by A_Kansan 4 · 2⤊ 0⤋
First off, no legal transfer can take place without BOTH of your notorized signatures.
Second, this company is obviously trying to strong-arm you. Turn them in to the District Attowney in the County where your rental house is. Then, turn them in to the local Real Estate Board where the house is.
Their threats of a lawsuit are ridiculous -- laugh at them if they try that again.
2007-02-09 11:48:11 · answer #3 · answered by hatchland 3 · 2⤊ 0⤋
You say "our" rental. If you both jointly own the home, you both need to sign.
Why would he sign this paper without talking to you, let alone a lawyer.
It must of been a fun day at your house when he told you this.
Good Luck,
Get a lawyer
2007-02-09 12:27:34 · answer #4 · answered by frankie b 5 · 2⤊ 0⤋
Find a lawyer immediately.
2007-02-09 11:40:04 · answer #5 · answered by koifishlady 4 · 1⤊ 1⤋