Legal Question in Real Estate Law in Michigan

Purchasing Property

I am the middle of buying property from a friend. Orginally we signed a purchase agreement, but that was it. It was the agreement he would hold his house for me, until I sold mine. In the mean time, I was told that I could do whatever I wanted to the new property. So, I have spent alot of time and money on this house. Now, my friend says he's tired of waiting for me to sell my house, and the agreement may be off. What can I do, to get my money back, that I put in to this house? And, my down payment as well?


Asked on 3/21/07, 10:12 am

1 Answer from Attorneys
Cullen Geisler The Law Offices of Cullen P. Geisler PLLC

Re: Purchasing Property

Depends on the contract but you could at least get money back from the improvements. Plus when you have a contract for real estate you can get specific performance of the contract because of property's uniqueness. You probably should contact an attorney.

www.lawcpg.com

Read more
Answered on 3/21/07, 12:54 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Michigan