Legal Question in Real Estate Law in Louisiana
in 2006 i was approached by a ex.neighbor to take over a hurricane katrina damage home i was told by him to fix it and move in and then start paying him monthly toward the purchase of the gutted out home it was a verbal agreement i have been paying him for two years come to find out his wife have the tittles of owner ship and she is changing the agreements.what can i do to protect the $78000 i have invested in this home
2 Answers from Attorneys
Under Louisiana law, any sale of property or purchase agreement for property must be in writing. It is not valid unless it is in writing. Moreover, as this man was not the owner, he cannot give you valid title anyway. You do have a cause of action against the man who induced you to enter into the invalid agreement. What he did was fraud and it is actionable. However, there is little or nothing that you can do to bind any third party to the verbal agreement, as it was not a valid purchase agreement under Louisiana law in the first place.
I agree with Mr. Lambert.....wow......to throw away almost 80 grand on someone's "told me to..." is really not very smart....but sorry, I know you know that already......you can go after him, but I bet he is long gone.
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