Asked by Elizabeth, 60618 • Sun Aug 5, 2007
Signed a contract to purchase a home 3 months ago. 5 days prior to close we discover the seller (also the realtor) was in foreclosure for over a year and actually lost the house (sold to a bank) 1 month after the contract was signed.
We spent good money on inspections, appraisals and the moving set-up. Had to scramble last minute to cancel move and find a rental.
Here's the more specific question: is my realtor partly liable? my lawyer for not discovering the title wasn't even available? or can we only go after the seller for reimbursement?
Also how do we ensure we hear of the property being listed again from the bank asap?
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