Legal Question in Real Estate Law in Nebraska

House purchase/rental contract withdrawal

My son and daughter-in-law recently signed a purchase agreement to buy a house. The loan was taking an extremely long time and the sellers agreed to rent the house until the loan went though. The loan was denied and another loan company might pick them up but they needed to start the procedure all over again. When we arrived to move them into the house, it was a mess. (we have pictures) Garbage all over, spoiled food on the counter and in the drawers and they immediately found another place to live. Because the loan was denied (we have a letter to that effect from the bank) they decided not to pursue the matter further. The sellers are now wanting to sue for breach of contract and are also asking for the months rent they verbally agreed upon. Do we have reason to contact a lawyer? Do they have a case?


Asked on 8/07/03, 9:05 am

1 Answer from Attorneys
William Jones William P. Jones, Attorney-at-Law

Re: House purchase/rental contract withdrawal

Your son and daughter in law should contact an attorney and review their purchase agreement with the attorney. How this will turn out depends largely on the terms of the agreement. If it is dependent on obtaining financing for the sale, it is possible that they can walk away from the deal if not they cannot get financing. It is also possible that they could avoid buying the property if it is not as it was represented to them. An attorney who can review the documents, ask questions and see the pictures could tell you with more precision what their options are and what will likely come from their choices.

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Answered on 8/12/03, 11:45 am


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