my husband and i were in the process of buying a home.
our closing date was march 4, 2006. seller of the home sold
the home to us for $93,000. seller is friends with the real estate
and finance party. finance told us our credit scores were good
and we had the loan. when seller got the information on our
payments and everything on his house he raised the price and
said he was selling it to us for $100,000 after we paid apraisal
signed papers, and the house was taken off the market for us.
we were only to come up with $2000 for closing cost.
last seller had been calling us everyday telling us to save
money more money when everything was already worked out.
now last saturday my mom comes to me and tell us that seller
called her and to her that we did not have the house! why didnt
nobody call us and tell us! seller told my mom that friday
she told me saturday morining. my mone never wanted me
to move out anyway, so now we did not get the house.
what went wrong?
2007-02-26 01:56:09 · 4 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
If you had a signed contract with the purchase price & you did all you were supposed to, obtained financing, etc, then the seller is in breach of contract & you can sue his butt off & end up with the house anyway. The seller should NOT be calling you mother about your transaction (that is possibly illegal with privacy laws but I am not sure about that). I don't really like that the seller knew the real estate agent & the mortgage broker (I know for sure they cannot share your financing & financial information with ANYONE). Anyway, the first call I would make is to an attorney about this. I am not one to sue anyone but I feel you should definitely check it out. I would also be sure to tell the seller you are calling your attorney to see what he says. You should be using an attorney that specializes in real estate transactions anyway - if only to go with you to closing and explain all the paperwork you are signing - & believe me - it is a TON of paperwork.
Good luck & I hope this works out for you.
2007-02-26 02:08:36 · answer #1 · answered by Sue 6 · 0⤊ 0⤋
Did you use your own buyers Real Estate agent? A lawyer? Have a signed contract?
2007-02-26 10:14:31 · answer #2 · answered by zocko 5 · 0⤊ 0⤋
Look at your contract.
2007-02-26 10:03:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Where is your agent?
2007-02-26 20:44:49 · answer #4 · answered by frankie b 5 · 0⤊ 0⤋