Legal Question in Real Estate Law in Michigan
I signed a transaction coordination agreement on 09/28/2010 on behalf of LCC COMPANY FOR REALESTATE DEAL.During the couse of deal I thought that I would be part of LLC but unfortunely i was not and also the LLC company does not exists on the date I have signed.LLC was formed without me after 7 days . Now the issue is that the person in the realestate buyer wants to sue for breach of contract and fraulent activity .Please advice ..
1 Answer from Attorneys
You need a real estate attorney to unravel this knotty problem that you find yourself in. You were not an authorized agent of the LLC if you were not a member and the LLC was not even formed. You are likely to be sued for fraud and misrepresentation if the seller relied on your representations. You can contact me directly for a consultation.