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Updated almost 5 years ago,

User Stats

26
Posts
4
Votes
Gabe Sirkin
  • Pittsburgh, PA
4
Votes |
26
Posts

Seller lied about a lease renewal two weeks before closing???????

Gabe Sirkin
  • Pittsburgh, PA
Posted

Multiple conversations with listing agent that one of the four tenants was going to go month to month when their lease expired 12/31/2019. We have documentation of these conversations.

Property set to close by end of January. 4-unit owner occupied FHA loan (so I have 60 days to move in or I'm in default)

Just found out today, that the unit I was planning to occupy, who was supposed to be month to month after 12/31 had a one year extension signed in beginning of December. Landlord claims they just got it back this week, but it was dated December 14. 

WHat’s my recourse? I have almost $1,500 between appraisals and extensions. This whole time i was told they were month to month, and I had all of the leases form my due diligence, yet this was NEVER disclosed. Property was going to close by en

Can I take to small claims for not disclosing about a lease they knew about? I can’t buy the property now because there wont be a unit for me to occupy. This should have came up in due diligence. 

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