I am purchasing a foreclosure in Missouri. I signed a Missouri real estate
contract, but also signed an "As Is" provision provided by the seller which is a mortgage
company. 4 days from closing (scheduled for today), I discovered the laundry room washing machine water faucet had been left on, flooding 3 rooms of the home. When we were able to gain access to the home through our buyer's agent, there was mold growing in the walls, the flooring was soaked, and water was running down the outside foundation. Our contract states the home is to be presented at closing in original condition, but it obviously will not be. My agent is saying we don't have much choice due to the "as is" provision we signed. The listing agent says her client will allow an extension on the closing date, but my agent is telling me if I sign it that means I am required to proceed with the new closing date regardless of if the water damage repairs are adequate. I also found out today that the listing agent has not even informed her client of the damage (she admitted it during a phone call with my agent). What are my options? This has gotten so sticky that my agent isn't even really responding to me.
JA: Since laws vary from place to place, what state is this in? And has any paperwork been filed?
Customer: Missouri. No, just a real estate contract has been signed.
JA: Has anything been filed or reported?
JA: Anything else you want the lawyer to know before I connect you?