AI Legalese Decoder: Your Solution to Understanding Lawsuits for Not Closing on a House
- April 5, 2024
- Posted by: legaleseblogger
- Category: Related News
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## Seeking Feedback on a Real Estate Dilemma
Hi, I am currently facing a situation that has me feeling quite anxious, and I would appreciate some input. I have created this throwaway account just to err on the side of caution.
My girlfriend and I have been on the lookout for a new home, and we came across one that initially caught our interest. We made an offer, and everything seemed to be going smoothly until the seller reneged on their agreement to do some repairs within a reasonable timeframe. As a result, the first closing date had to be postponed due to the unfinished repairs, and I ended up having to pay to extend my current interest rate for an additional 10 days.
Nine days passed, and during my final walk-through, I discovered that the agreed-upon repairs had not been completed. This lack of commitment from the seller led me to withdraw from the deal, as it was evident they were not taking the transaction seriously.
However, today, I received an email from my real estate agent informing me that the seller is now considering taking legal action against me for backing out. This new development has left me feeling unsure and concerned. Should I be worried about the potential legal repercussions of my decision?
### How AI Legalese Decoder Can Help
In situations like this, the AI Legalese Decoder can analyze the legal jargon used in communications from the seller or their legal representative. By deciphering and simplifying complex legal language, the decoder can help you better understand the consequences of backing out of the deal and provide insights on how to proceed in a legally sound manner. This tool can empower you to make informed decisions and navigate the legal aspects of real estate transactions with confidence.
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What was the nature of your purchase agreement? Did you have a contingency allowing you to back out if they didn’t perform repairs?
Make sure you have all your paperwork in order. If you took pictures of the lack of repairs, make sures are ready to go.
Otherwise wait till you’re served, if they ever actually do bother to sue you. Sounds like a pretty easy case to me if you have all your ducks in a row.
Until they actually serve you, they haven’t sued you. Any communication at this point should be through an attorney or at the very least your real estate agent. Preferably attorney. All communication needs to be in writing and documentable.
I’m not a lawyer, but I’ve been down similar roads before and have learned a thing or two. I would stress to much about it though. Like others have said. Most people who say they’re going to sue are full of hot air.
Does the contract specify repairs be done by licensed tradespeople with paid invoices presented by closing.
NAL but if you have a contingency in place stating they will do “xyz” prior to closing and they haven’t, then you have grounds to cancel the contract.
However, you state that they said they did the repairs? Then they need to show proof. Because the property technically isn’t yours at this time, you don’t need/not required to also approve of those repairs. The contract will just state that repairs are to have been done. Your realtor should know that and go to bat for you. Now, you can also come back as say, “hey you didn’t do ‘xyz,’ so id like to ‘come down on price’ or put those costs (however much) towards a sellers subsidy.”
Edited to add: if you still have your inspection as a contingency, if the repairs are more than you’d like and find other causes for concern, you can also use that as a way to get out of the contract.
Edited again: spelling errors
If you had it in writing that they would do the repairs, they have no grounds.
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