Legal Question in Real Estate Law in Illinois
Liable for delinquent taxes from previous buyer?
I entered a contract sale of a mobile home March 2005. Title holder is mobile home park owner, who entered contract with me. Today I found out trailer was sold for taxes and deed will be taken by county July 2006. (Trailer was sold for taxes 1-1/2 years BEFORE I entered contract sale.) Current title holder insists she is not liable for taxes, but previous contract buyer will pay. When signing the contract for sale owner verbally told me 3 times that no outstanding taxes were due, but it is not in writing. Am I liable for these taxes? Thank you!
1 Answer from Attorneys
Re: Liable for delinquent taxes from previous buyer?
Sounds like fraud in the inducement to me. You need to speak to a lawyer "ASAP" about this. Don't fool around - get legal advise NOW.