Breech of contract
8 day before closing it was brought to my attention by the realestate company that the deed was not clear for the property. The deed was part of an estate and the real estate company had 2 of the 3 signatures needed to sell this property. The third party involved refuses the sale of the property. meanwhile the other two owners are petitioning for the sale of the property. If this goes through I am told it will be saled on the court house steps to the highest bidder. Since I upheld the contract and was ready to close at the closing date, Do I have any legal recorse reguarding this matter? <IMG SRC="images/forum/smilies/icon_confused.gif"> [ Edited by newbienc on Date 06/21/2003 ]
Technically you should consult a real estate attorney. But, if you put a deposit down on the property, then you should be entitled to at least your deposit and/or the seller's deposit (if any). You will have to review the contract you used and see what it states. You should also have an attorney review the contract to see if there is anything you missed.
Tanya
One of the first questions I ask when talking with a potential seller is "Is there anyone else besides yourself who must sign off on this sale?" It's an important question, but it probably wouldn't have helped in this case. Once in a while you are just going to take it in the shorts.