Learn Ask A Question Get Help
in   from 


    

Question: Real Estate - Massachusetts

Asked on 6/29/2009
My husband bought a multi-family at auction. Can we back out without loosing our deposit
We went to the property to see what we were in for. Oh Boy! The previous owner stated she still lives there, we have no right to set foot on her property, she never received notice, she is not leaving,and if and when she does, she completely intends on destroying the property. she blocked the driveway with her truck so we couldn't leave. 3 police cruisers showed up! I thought owners were out before auction?? should we eat the deposit and run or can we get it back?? or what can we do about her?

 Notify me of updates.   Answer This Question!      Question Offensive or Inappropriate?

This question received 84 views.    

Answers (2):

B. B., Member in Good Standing of the New Jersey Bar


Rule Number One:  never put money down on real estate sight unseen, unless it's through a realtor who you have learned over time that you can trust.

If the notice for the auction, or something along those lines, clearly said the property was vacant, you might be able to get your money back, because that would have been fraud.  I would hope nobody in this day and age would have been stupid enough to set themselves up for that, but if so, you need to hire a lawyer.  And if not, you're going to need the lawyer to get rid of the truck lady, and fast.  One place to find a qualified attorney is our website, http://attorneypages.com



  • Answered on 6/29/2009
  • Rating:
  •  Rate this answer
 
AttorneyPages has verified that this person is an attorney.

Wow!  What a nightmare.  Only you can decide whether the amount of the deposit is such that you are comfortable walking away from - otherwise contact an attorney who handles MA Real Estate as soon as possible. 

Assuming this was a foreclosure sale, there maybe terms in the notice of the auction which entitle you to your deposit back.  You may have also signed some type of agreement at the close of the auction which could help you. 



  • Answered on 7/6/2009
  • Rating:
  •  Rate this answer






AttorneyPages.com
HACKER SAFE certified sites prevent over 99.9% of hacker crime. State Law Center  |  Legal Resource Directory  |  Legal Articles  |  Insurance Advice and Quotes  |  FreeAdvice Answers  |  Community Forums
Media  |  Privacy Policy  |  About Us  |  Contact Us

FreeAdvice® has been providing millions of consumers with outstanding legal and insurance information and general advice, free, since 1995. While not a substitute for personal advice from a licensed professional, FreeAdvice is available AS IS, subject to our disclaimer and conditions of use.
FreeAdvice®, AttorneyPages®, ExpertPages® are registered trademarks and units of Advice Company.
All Rights Reserved © 1995-2010