Posted on: 31st May, 2011 05:05 am
Hi, I transfered property to a prospective buyer in June 2010. A typical buyer/seller contract is attached to it. He has not paid me yet. Is there anything I can do (Sue to get property back?)??
It's not especially clear what really took place here. "A typical buyer/seller contract" would have specified the sales price, the method by which that price would be paid, and (typically) a date by which the transfer of the property and the transfer of funds would take place. The funds and the property should have changed hands at the exact same time. Since you've not received payment for this property, you'd best find a very good real estate attorney right away to see what can be done to recover your property, or the funds you'd been promised. Were there funds promised to you? That's not clear, either.
For everyone viewing this stream...please recognize that it is an absolute must to engage the assistance of legal counsel when buying or selling real estate (much else, also). There is so much that can go wrong in a transaction, and a crackerjack attorney can eliminate most (if not all) of the pain, suffering and hardship that a person can encounter - from both sides of the transaction.
It may not be too late for you, guyaguar; find good counsel immediately and see if you have any recourse. I hope you do.
For everyone viewing this stream...please recognize that it is an absolute must to engage the assistance of legal counsel when buying or selling real estate (much else, also). There is so much that can go wrong in a transaction, and a crackerjack attorney can eliminate most (if not all) of the pain, suffering and hardship that a person can encounter - from both sides of the transaction.
It may not be too late for you, guyaguar; find good counsel immediately and see if you have any recourse. I hope you do.
Hi guyaguar,
If you've signed a contract, then you can use it as a proof in order to recover your money from the buyer. As George has suggested, it will be a better option if you could immediately contact a real estate attorney and take his opinion in this matter. He/she will be able to guide you what steps you need to take in this regard.
If you've signed a contract, then you can use it as a proof in order to recover your money from the buyer. As George has suggested, it will be a better option if you could immediately contact a real estate attorney and take his opinion in this matter. He/she will be able to guide you what steps you need to take in this regard.
