The deed transfers at the lawyers office and it usually takes between 4 to 6 weeks to be recorded. The property is yours at closing and you retain the rights to occupy, fix, etc... Your realestate attorney has already checked the deed for liens and transgressions. It sounds as if your attorney and agent did NOT do their jobs and you have a law suit. Wells Fargo does NOT own the property at signing. You should hire an attorney. Wells Fargo is in so much trouble after all of the illegal misdoings they have done to homeowners it's pathetic that they are bailed out continually and allowed to keep going. They probably sold your property to a higher bidder...GET an ATTORNEY!!!... more
I agree with Ellen, it is a risk buying in a vastly unfinished development. I know that one doesn't have the amenities in place and that can lead to issues for its development and a development of a good HOA infastructure as well. I also know that it is in a quickly growing area with great schools, just proceed with caution.
The best of luck to you and call if you need anything.