Legal Question in Real Estate Law in Maryland

Re: buying and selling to investors

Remember the old saying "If it sounds too good to be true, it probably is". Having said that, you have not provided sufficient facts to determine whether the sale is "legal" (in any sense of that word). However, the part about the buyer getting back $40k sounds unusual -- where did that money come from? If it came from a bank who financed the purchase, the fact that the buyer was leaving the settlement table with $40k would have to have been above-the-board with the bank that made the loan -- otherwise, there may be problems.

Why don't you give me a call at your convenience -- I'd be happy to chat for a few minutes, free of charge to hear more of the facts (and your relationship to the deal) to determine if you need further legal representation.

Lawrence R. Holzman, Esquire

Joseph, Greenwald & Laake, P.A.

6404 Ivy Lane, Suite 400

Greenbelt, MD 20770

(301) 220-2200

fax (301) 220-1214

Disclaimer: Please note that the posting of this response is not intended to constitute legal advice. You should contact an attorney to obtain information applicable to your situation. This posting is not confidential or privileged and does not create an attorney/client relationship.