Legal Question in Real Estate Law in Indiana

I Recently decided to purchase my first home. I found the home I liked and apparently it was a foreclosure. We found an agreement with the seller come to find out three days prior to closing the seller at the time of the agreement did not have the legal right to sell the home. I have been told that I will not receive the eight thousand tax credit due to this issue. Although when we signed the purchase agreement we wrote on said agreement must show proof of ownership within 3 days. We did not receive this. I really like this house and know that I could back out of the sale without any problems but I do not want to do this. Do I have any other Legal recourse.


Asked on 6/07/10, 2:21 pm

1 Answer from Attorneys
Jay Rigdon Rockhill Pinnick LLP

It depends on what the problem is, but if the person who "sold" you the property wasn't the owner or the owner's agent, you can't close the deal. Take your contract to an attorney for a possible fraud suit.

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Answered on 6/07/10, 5:59 pm


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