Can we sue a realtor.?
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Can we sue a realtor.?
My family was less then 2 weeks from moving into our new house. We have already paid for a home inspection, appraisal, electric and water hook up. And a re-winterizing charge. It’s a HUD house and we were getting a 203b FHA loan. Turns out because there is a cell phone tower across the street that FHA will not give us the loan and the deal will fall thru. We will get our earnest money back but what about all the money about $1,000 we spent getting ready to take the house. Shouldn’t the realtor have known this was an issue even if it’s very uncommon? Can we sue to recoup our lost money?
Asked on December 1, 2016 under Real Estate Law, Alabama
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
You can sue the realtor for negligence. Negligence is the failure to exercise due care (that degree of care that a reasonable realtor would have exercised under the same or similar circumstances to prevent foreseeable harm).
Your damages (monetary compensation you are seeking in your lawsuit for negligence) would be the costs you incurred caused by the realtor's negligence.
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