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Updated over 4 years ago,

User Stats

3
Posts
0
Votes
Thomas Whitaker
  • Investor
  • Loch Raven, MD
0
Votes |
3
Posts

Seller listed without the right to list

Thomas Whitaker
  • Investor
  • Loch Raven, MD
Posted

I signed a contract for a very unique property. It checks lots of boxes. It has a large shop. It is one of the largest lots in town, it backs up to a national forest with amazing views. There is not another property similar to it.

My lender says he is ready to close, we're just waiting on the appraisal to come back.

Closing date is set before nov.

Seller tried to get me out of the contract by not negotiating for any repairs.

Seller's wife unfortunately passed before the seller listed the house. Now there is a problem with an adult child and probate.

The seller didn't have the right to sell before listing.

Sellers agent said maybe this is a blessing in disguise and has offered nothing but the probate attorneys contact info.

What are my options here?

I haven't talked to lender about what I'll have to pay, but I'm sure I'm on the hook for appraisal.

Ive missed out on some other properties in the meantime being under contract with this one.

Thanks

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