Dishonest seller agent and her son

[Priya Thomas]

I had a property under contract. A week before the closing the title search showed four people on the title which was not disclosed before. Also there is a huge tax lien on the property.

The seller agent is the mother of the seller. There is no way the son did not tell her mom about four names on the title or about tax lien. The tax lien is so huge that they have to bring money to the table to close it.

At this point in time I don’t really care if I don’t close the property, but I feel that the seller agent acted dishonestly and lied / tried to hide the title discrepancies and lien issues. How do I hold them responsible for their action. Also they wasted ton of my time & money.

Secondly, is there any creative way to buy the tax lien property for dirt cheap?

[Bill F.]

@Priya Thomas

That's unfortunate, but part of investing in Real Estate. 

However, you are making a massive assumption about what the agent knew or didn't know and more importantly you can't validate the assumptions without incurring more costs. Not worth your time.

 Go back and renegotiate the price now that you have new facts. If it pans out, great.  If not, move on.