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Updated over 5 years ago,

User Stats

6
Posts
1
Votes
Kiah Davis
1
Votes |
6
Posts

House demolished within days of purchasing! Who’s responsible?

Kiah Davis
Posted

Happy Wednesday! I'm a new investor in Atlanta. I purchased a home about a year ago. Within 3 days of me closing on the home the house was demolished by the city due to a known (but not disclosed) title issue. I went through the title claim process and was awarded a settlement however I didn't receive any compensation for my attorney fees, the incremental holding cost required while claim process was in progress and fees involved with new construction as opposed to a flip. Additionally through peeling back the onion I found out that the person who did the title search/owned closing office knew the demolition had been ordered and was trying to push the deal thru in hopes she could outpace it. To add to the drama she was a previous owner of the home via a LLC. I've gotten mixed reviews on the civil/criminal implications involved with this deal gone wrong as well as who professionally is responsible. I would like to litigate to try to recoop some of my damages but don't want to do so in vain. Any one have any experience/guidance they can share? Am I as the buyer able to sue the owner of closing company/person who conducted title search due to fraud/negligence or do I only have a breach of warranty case against the previous seller (who is a master of setting up and dissolving LLCs to conduct similar high risk deals - unknown when transaction began)?

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