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Updated about 2 years ago,

User Stats

4
Posts
3
Votes
America Robles
  • New to Real Estate
  • South East Texas
3
Votes |
4
Posts

Seller Broke Contract - Any Advice?

America Robles
  • New to Real Estate
  • South East Texas
Posted

Hey everyone!! I've run into a major real estate issue and have called several different attorneys' offices waiting on call backs.

I know a lot of you have years of real estate experience and I'm curious to see anyone can give me some guidance or had something similar happen.

So, I was getting ready to close on a house when days before the closing. The seller's agent reached out to inform us that the seller owned more on the house than he thought and could not sell it at the price we originally agreed on. He also had a second lien on it.

(Not sure exactly what all he had going on, but I know it was several issues)

I was not going to go any higher! It's not my fault the agent didn't do her research.

Plus, I could not afford to have my monthly note go any higher.

The contract was signed at 97k sell price with 3% closing assistance.  They wanted to raise the price to 113k!! And take away CC

My agent tried to communicate with their agent to see if they would refund my inspection fees and appraisal fees, but they kept telling us he had no money.

We continued to try and make contact with them up until the day of closing. Their agent at this point is not responding to our calls or texts.

At closing, I brought the cashier's check and I signed all the docs just to show I upheld my end of the agreement.  I am currently out about 3k which may not be a lot to some, but it is to me. I also transferred my kids to another district and moved daycares. Maybe I jumped the gun on that, but I never imagined this to happen. :(

I was debating on even trying to take this to court, but I just can't let them get away with doing this to me and my family.

They also just listed the home back on zillow :/ Any advice?

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