Real Estate Law
Ask a Real Estate Law Question, Get an Answer ASAP!
Hi, Debbie, My name is XXXXX XXXXX my goal is to provided you with Excellent Service,
1. Did they disclose to you that the company buying your house was a company owned by the same person who owned the real estate company selling your house ?
2. Is the selling price comparable with its fair market value, or what you would have received if it were sold to an unrelated third party ?
1. If the company buying your house is owned by the same person that owns the real estate company, there would be a conflict of interest and if you signed a waiver, that probably took care of the conflict of interest;
2. If this is a short sale, and you are trying to get out of the sale, tell your lender that you just found out that the facts that you stated here, and tell them not to approve the sale because you believe that you can get a better price from an unrelated third party. Then you can deal with another real estate company to sell your property.
Please be kind enough to rate Excellent Service" so that I receive credit for assisting you,
Bonus and Positive Feedback on survey is very much appreciated,
Anybody can do business in the form of a company without being a corporation.
Is your information about the EIN from the Internal Revenue Service ?
If not, how do you know that it is fake ?
If you tell me what your goal is, i.e., what you wish to accomplish, I might be able to assist you,
You should tell your lender and tell the lender to reject the sale or rescind its approval if it has already given its approval, then you would not have to go through with the sale,
I have no information whatsoever to go on and, therefore, cannot say if this company was engaged in any fraud.
If you received as much for the property as you would have received from another buyer, and you are not related to the real estate company, I think you might be worried over nothing,
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).