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| Subject:
Issues Selling a House
Category: Miscellaneous Asked by: celeste33-ga List Price: $30.00 |
Posted:
10 Dec 2004 21:59 PST
Expires: 09 Jan 2005 21:59 PST Question ID: 441154 |
I understand that you are not allowed to give legal advice but I would like to get general advice about this situation based on research. Having said that let me explain the situation. My parents put their house up for sale over a year ago. About six or seven months ago they had two different couples make an offer on the house. They accepted Couple "A"'s offer and set the closing date. Couple "A" did not show up for the closing due to lack of funds. My parents then accepted Couple "B"s offer and set another closing date with them. In the meantime, Couple "A" got the funding and insisted to my parents that they should have had seven days after the closing date to be able to buy the house. They threatened to sue and so on the advice of their lawyer, my parents postponed the closing with Couple "B". Couple "B" decided to sue Couple "A" for the right to sell the house. It has now been over six months since Couple "A" and "B" decided to sue each other and my parents are still waiting for a court date. There always seems to be some reason for a delay (lawyers on vacation, scheduling conflicts) and during this whole time my parents are having to pay the mortgage and maintain this house while they are also paying for the new house they purchased. Needless to say they are losing money because of this situation. Their lawyer is basically just having them wait until the court decides who can buy the house but I wanted to get another opinion. Shouldn't there be a way to force a court date since my parent's assets are being affected by this hold up? Any advice on this or any other part of this messy scenario would be appreciated. |
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| There is no answer at this time. |
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| Subject:
Re: Issues Selling a House
From: frde-ga on 11 Dec 2004 02:56 PST |
I think you should consult another lawyer - one that specializes in domestic property sale law - in your State Check out that 7 days stuff carefully It is also strange that couple 'B' are suing couple 'A' for the right to /buy/ the house - couple 'B' have a (contractual ?) agreement with your parents I can see this getting very nasty, with couple 'B' sueing your parents, and your parents sueing couple 'A'. You might get some good pointers to State property sale law as an answer, but you'll need to clarify your question with your state. |
| Subject:
Re: Issues Selling a House
From: neilzero-ga on 11 Dec 2004 06:03 PST |
Lawyer boo hiss. The poor starving lawyers, and their friends the judges and ledgislators, don't care how much loss and stress such nonsence causes the public. Hopefully this 7 day grace period for no show at closing does not apply in most states. It seems to me the seller has the right to say "prove beyond unreasonable doubt that you have funding before we will give you a new closing date." All three parties should have grounds to sue the realtor if anyone wasted money on realtor fees. The realtor should have warned all three parties of the possibilities of trouble from the 7 day grace period rule and other pit falls. Neil |
| Subject:
Re: Issues Selling a House
From: owain-ga on 11 Dec 2004 06:18 PST |
Parents should sue both A and B and in the meantime (very quietly) sell to C. Owain |
| Subject:
Re: Issues Selling a House
From: celeste33-ga on 13 Dec 2004 18:13 PST |
Thanks for your comments! The state is Georgia by the way. |
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