Home Buying in Pawcatuck>Question Details

Hope Frechet…, Home Buyer in 45 pawcatuck ave paw...

i tried to get a home inspection, but the sellers had the power turned off, so now i can get it inspected,

Asked by Hope Frechette, 45 pawcatuck ave pawcatuck ct. Mon Oct 27, 2008

the house is about to go into foreclosure,and i am trying to buy it, but it seems like someone does not want to sell it to me..what are my rights? legally? i have the ability to buy it, but all the real estate agent that is repersenting the selller has done is thrown things in the way? why could this be happening..and how can i prevent foreclosure, the home is a short sale? i think some else wants it, but i should have rights, as a buyer? and if i lose out on the deal because of lack of cooperation on the sellers end,what are my rights legally? to recoup damages, time, money, haveing to move, relocate, etc, they are damageing, mostly to a child..i'm sick of this!!

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When someone is selling their home as a short sale, that means they don't have enough money to pay the bank what is owed on the property at closing. Many buyers in this position stop caring about the house and many agents with clients in this position are powerless to do much about it.

Your rights depend on what your contract says, but I suspect it says something like "subject to bank approval" and probably says you're buying "as is". If you had an inspection clause, the electricity should be turned on but the seller will probably not agree to fix anything.

If the seller violated some terms of your contract, check with a real estate attorney but it sounds like you may be out of luck if the seller doesn't want to cooperate with you.
0 votes Thank Flag Link Mon Oct 27, 2008
if the seller has left the property your chances fro a short sale when the bank finds this out is next to nil. it is the worst thing a seller can do when trying to get a short sale. the short sale will never work unless the seller is coopoerating with the bank. if they have already given up, you may be dead in the water. find out if teh bank has approved teh short sale, if not there may be no time. ask if they have set a sale date for the foreclosure. as far as inspections, as with REO properties it is teh buyers responsibility to turn on utilities for inspections. good luck with your offer and communicate with the listing agent toget some answers
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Mon Oct 27, 2008
You, the buyer are entitled to get a home inspection as well as other inspections. And I always recommend that Buyers do. I would call the agent that listed the property to ask him to have it turned on or ask him to talk to his seller about this. You might have the inspection period extended to make sure you have extra time allowed for the power to be back on. Hope this helps you. Good luck
0 votes Thank Flag Link Mon Oct 27, 2008
Sounds like you need to be using a Realtor to represent you as the buyer. Realtors must keep the clients best interest in mind. If the Realtor is representing the seller, he/she is working for the seller. If you employ a Realtor to work for you, then he/she will have you best interest in mind. You will most likely have a smoother transaction.
0 votes Thank Flag Link Mon Oct 27, 2008
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