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Land contract, failure to notify

Posted on: 22nd Dec, 2010 09:48 pm
I done a land contract with a real estate agent and I have a huge Problem. we purchased the house and all payments are made. We have made substantial updates on the property. Now that were ready to finance I found out that this property is not able to have a loan because the city I live in will be buying the house to put in a freeway off ramp. I called the DOT and he assured me that this property will be purchased by the state by June 2011 which is when I am supposed to be re financed by. What am I supposed to do? I have filed a report with the Association of Realtor s but they cant give ( legal ) advice. I cant afford the huge retainer a lawyer wants. She NEVER mentioned that the house was gonna be UN fanciable, is that failure to notify. or breach of contract. I have kids and im scared and don't know what to do. please help me. I really need help

[size=9:aa4c185724][color=Red:aa4c185724][Email address deleted as per forum rules. Thanks.][/color:aa4c185724][/size:aa4c185724]
Hi amtaylor!

Welcome to forums!

You should contact an attorney and take his opinion in this regard. He will be able to let you know what you can do in this regard.

Sussane
Posted on: 22nd Dec, 2010 10:04 pm
it is mot really a breach of contract , but she misguided you , so you can sue her on this behalf , that he facts were kept hidden .
Posted on: 23rd Dec, 2010 11:41 pm
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