If someone soldtheir house and landby a verbal purchase money agreement, what can they do if the buyer is 4 months delinquent in payments?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
If someone soldtheir house and landby a verbal purchase money agreement, what can they do if the buyer is 4 months delinquent in payments?
Asked on February 16, 2011 under Real Estate Law, Massachusetts
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
What they SHOULD do is see an attorney as soon as they can. Generally speaking, the sale of real property MUST be in writing in order to be valid. It is known as the Statute of Frauds. Now, Massachusetts has very strange property laws. By that I mean that most generally rules are not so general there. But I am fairly certain that this law stands true there as well. If you transferred the house already you may have a huge up hill battle but the transfer may be able to be set aside. Suing for the payments may not be an option but really, it may be best to just get the house back and sell it properly. Good luck to you.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.