Legal Question in Real Estate Law in Tennessee

Seller says they lost Title to home

I purchased a Manufactured home in forecloser, owned by a Mortage company. Closing date was set for Oct. 27, due to a problem with the land deed, I had to sign a 2 week extension. My realtor then told me that now they ''misplaced'' the Title to the home and they will probably take it back off the market until the matter is resolved. Can they tell me I can't purchase this home now?Do I have any right to sue if they back out of the contract?


Asked on 11/03/06, 12:40 am

1 Answer from Attorneys
Dr. Michael A. S. Guth Tennessee Attorney at Law Assists Pro Se (without a lawyer) Parties

Re: Seller says they lost Title to home

If you purchased a mobile home without clear title, you would be purchasing nothing, as you could one day lose possession of your home. If the company told you they lost the title, then either they did you a huge favor, and you should run - not walk - away from this transaction, or they just said that for some reason, because they don't want you to buy it and move in. Either way, this purchase would have been a mistake for you. Instead of trying to sue someone, you should instead put your energy into finding a new mobile home and location that you like even better.

http://michaelguth.com/prose.htm

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Answered on 11/03/06, 6:51 am


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