Legal Question in Real Estate Law in Massachusetts

Re: Foreclosure

Talk to your local district attorney's office if you believe there has been a larceny (theft). Consult an attorney about suing the real estate agent and the agency (REMAX). The bank likely had a first mortgage, which means they get paid first from the sale of the land.

Re: Foreclosure

If the company "went under" it will probably be difficult to get your money back, although you may be protected to some extent if the company is in bankruptcy. If not, and the company's principles knew they would fold but took your money anyway, you might, while difficult, be able to reach the personal assets of the principles to satisfy amounts owed to you.

If the company still existed, you would have incredible leverage against it under the Home Improvement Contractor Statute, under which you can receive up to 3 times the amount of your actual damages, and recover your attorney's fees. There are additional remedies available as well, such as the consumer protection statute, and common law legal claims. But, as I say, your claims are only as good as the the amount of available assets to satisfy a judgment in your favor on those claims .

You can file a complaint against the principles' Home Improvement Contractor license, which can result in both criminal charges brought agaist the contractor, as well as punishment in the form of restrictions on their License (or they can be stripped of their license if they have a negative history), and heavy civil fines against them.

My practice focusses on construction contract matters such as this, and I have often brought the very claims described here. Feel free to contact me directly if you want to discuss the feasibility of bringing claims for the return of your money in view of the difficult circumstances you are in. If there is a way to get you paid, I will find it.