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Question about real estate transaction in the state of South
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| jimmy |
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Posts: 1
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Joined: 25 Jul 2007
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Posted: Wed Jul 25, 2007 12:29 pm
Post subject: Question about real estate transaction in the state of South
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Alright...heres the situation (Short story version). My mother was planning on selling her place. Well...we got some buyers soon after we put it up on the market. Soon after, the buyers wrote up a "binding contract", stateing that the seller nore buyer could back out of the deal. Well..a few weeks after mother signed it, she desided not to sell our home and land. She told the buyers and and they wern't happy, thus they began to threaten to file law-suit (Or however its spelled), and they also threated to make us MOVE ANYWAY, when we have NO WHERE to go at all. The "contract" was typed up by the buyers and printed out, then they brang it to my mom, where she signed it. There was no lawyer present, no Master Of Equety (I didn't spell that right..) present, and above all, the "contract" was signed at our house. Not in a lawyers office. Is it still possible for the buyers to carry out their threats of law-suit, and makeing us move out of our home when we have no where to go?
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| gerrard |
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Posts: 2
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Joined: 25 Jul 2007
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Posted: Thu Jul 26, 2007 12:16 pm
Post subject: Question about real estate transaction in the state of South
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"You would need to have the contract examined by a legal professional to determine if it passes all the 'legality requirements' to be enforceable.
However, assuming that the contract is valid, your mother can not be forced to sell her home, but she can certainly be sued for damages resulting from breach of contract. It makes NO difference where a contract is signed, or if an attorney is present.
You are advised to seek legal counsel immediately to determine where you stand on this."
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