Legal Question in Real Estate Law in Pennsylvania
Real Estate
I sold my home last year. At closing the buyer wanted money in escrow until he viewed the home inspection report which was not available at closing. The excrow agreement plainly states ''escrow held until inspection report received''. I never got back any escrow and we did not have an agreement on repairs. The abstract company who held the escrow, gave the buyer the whole check without contacting me. Now I'm thinking I got screwed. Was this legal?
2 Answers from Attorneys
Re: Real Estate
It seems odd that you would have a sale subject to an inspection and then not have required the inspection to be done before the closing. If there is to be an inspection it should have been the responsibility of the buyer to have it done before closing.
Where was your lawyer? First, the sales agreement should have not had that clause in it, but unfortunately it did.
The company may have been following the terms of the sales agreement. Who drafted it?
The action of the abstract company might be legal hard to say with out more information.
If you have any questions feel free to contact me. The initial consultation is free.
{John}
Re: Real Estate
you probably have an action against the title company as they were not to release the money without your consent.
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