Legal Question in Real Estate Law in Michigan

breach of verbal contract?

I was talking with a mortgage company about purchasing a house on land contract. The person in question told me that if I took the money that I had saved and paid off my credit report that he would purchase the house we were discussing and sell it to me on land contract until I was able to obtain a mortgage through the company. He would then roll the downpayment, and all the closing costs into the mortgage so that I wouldn't have to worry about any of that. I did what he told me and paid it off. Now he is refusing to follow through and I am without the funds to finance a move into a rental. Would this be considered a breach of contract even though it was verbal?


Asked on 3/14/09, 9:25 pm

1 Answer from Attorneys
Timothy Klisz Klisz Law Office, PLLC

Re: breach of verbal contract?

it is not enforcable under the statute of frauds. This is a statute that requires contracts for real estate to be in writing. Visit www.kliszlaw.com to discuss. Tim Klisz

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Answered on 3/14/09, 9:41 pm


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