Legal Question in Real Estate Law in Georgia

Real Estate Fraud

I applied for a construction loan, paid for appraisal $400.00, down payment of $2,000.00, credit fee $60.00.

Loan was applied for August 24, 2003, I terminated agreement November 1, 2003. Loan officer unable to procure loan, preapproved by Underwriting, Appraisal came back $10,000.00 above. I owned the land flat out.

Developer, does not want reimburse my $2,000.00 deposit.

After, I terminated the agreement. I asked for my file, the loan officer and the developer had changed the contract without my signature or approval.

I would like to sue them, what would be a reasonable amount, what would my case, if any be? I have all my documentation.

--name removed--Simmons


Asked on 11/06/03, 10:39 am

1 Answer from Attorneys
Harold Holcombe Harold D. Holcombe, P.C.

Re: Real Estate Fraud

Fraud is very serious, always be careful how you use that word. All the facts would have to be carefully documented, along with the documentation, before any lawsuit could be developed. You said you terminated the agreement, but then that the loan officer was unable to procure loan. You said there were changes, but didn't say what they were. Please re-post with detailed information. Also, think about what your damages are. If its $2000 then the law suit might cost more than that and you might consider small claims court. Thanks.

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Answered on 11/06/03, 11:52 am


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