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.
Tax, SDIRAs & Cost Segregation
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 almost 6 years ago,

User Stats

23
Posts
9
Votes
William Dubinsky
  • Rental Property Investor
9
Votes |
23
Posts

Lawsuit against seller?

William Dubinsky
  • Rental Property Investor
Posted

I recently purchased a property out of state. The process to close was difficult to say the least. Despite me covering closing costs, closing still had to be delayed over a month for the seller to find financing to cover back taxes and utilities he hasn't been keeping up on. But the home was already occupied with tenants that had been there for almost 4 years and wanted to say, and the seller said they were no problem. I had my agent walk the property and she talked to the seller directly.

I closed on the property at the end of January, immediately, the issues began. When dropping off keys to my PM, the seller informed them that the current tenants were horrible, and not to trust anything they said. He said the tenants were between $5k-$6k behind on rent and and they were the main reason he had decided to start selling all of his properties.

Instead of collecting a check from day 1, I had to immediately begin an eviction. Additionally, I now need to extensively reno and repair the property. I knew this expense would be coming, but because I was under the impression I had good tenants, I thought this expense would be a ways down the road. Last week I went to look at the property and discovered the seller has also not made several repairs to the house that he agreed to do before the title transferred.

Do I have a case to take legal action against him?

Loading replies...