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Updated over 15 years ago on . Most recent reply

User Stats

15
Posts
1
Votes
Chuck Mak
  • Real Estate Investor
  • Ellicott City, MD
1
Votes |
15
Posts

Need Legal Advice

Chuck Mak
  • Real Estate Investor
  • Ellicott City, MD
Posted

Bought a 8 unit apartment buidling a month ago. My lawyer, who owns the title company, goofed - property has environmental violations in 2009 totaling almost $3K. Worse is old unpaid fines put property in tax sale. Now to redeem out of tax sale costs another $8K.

My lawyer wrote a letter to seller's and asked for additional money for escrow. Seller told me he will pay a few days back but nothing yet.

My lawyer told me to sit tight and give it some time.

Anyone has any better advice? Isn't the title company responsible? They should have searched court documents and discovered that the property was in tax sale. What is my recourse besides waiting?

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