Legal Question in Real Estate Law in Indiana
A little over two years ago I bought an investment property out-of-state sight unseen suggested to me by someone I trusted. He was not a licensed Realtor himself but his real estate business partner was, and he facilitated the transaction just like an agent. It turned out he completely misrepresented the property, and later had to sell the property at tremendous financial loss. I have filed with the state attorney general a year and half ago, and it has been reviewed by an investigator and forwarded to a state attorney about two monthsago. The process is very slow.
I have also talked to an attorney local to where the property is, and he informed it will take about $10,000 to see the whole thing through including trials, but even if I won, collecting might also represent a problem. After thinking about it, it seems to me there should be other options, i.e. I file a lawsuit, and the other person might decide to settle out go the court.
Can someone give me an idea how much it would it take for me file a law suit? I would also apprciate any advice on what my options are at this point. Thank you.
1 Answer from Attorneys
You need to post this in the state forum where this transaction took place.
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