Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago, 10/29/2018

User Stats

1
Posts
0
Votes
Leigh Allison
  • Ponder, TX
0
Votes |
1
Posts

REO Prop Descr Error: Bank cancel's purchase agreement - HELP!

Leigh Allison
  • Ponder, TX
Posted

Entered into Agreement to Purchase REO-owned property in January (post foreclosure), but questioned property description as provided in sale docs. Wasn't until formal property survey resulted in obvious problems with legal description that seller abruptly "cancel's" the sale stating their need to "fix the property description issues". No one from seller (not REA, or other rep) has been in contact with me since and I cannot find someone with seller to get any status/info from.

I did not cancel MY Agreement to Purchase, therefore (legally) , I still have a contract with seller.  My earnest money is still being held by title company and I have $$$ invested in buyer expenses.  I WANT the property - but I cannot find anyone who will talk to me or my lawyer!  It has been 8 months now -- What can I do!?! 

Loading replies...