Legal Question in Real Estate Law in Texas

Real estate- commercial

I had given a real estate broker to put in escrow 25th on purchasing a hotel , the appraisal did not come high enough and bank is not comfort doing loan. Seller is not letting real estate release my money. says hotel off market to long due to bank issues, hotel is out of Iowa, Broker in Ill. I am in Tx. what can or should I do. I am already out of money in corporating, 2 franchise fee's

should i hire attorney in hotel state , broker state or my state


Asked on 3/04/07, 5:00 pm

1 Answer from Attorneys
Johm Smith tom's

Re: Real estate- commercial

Get an attorney where you can sue, where the seller or the broker are located but not in TX.

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Answered on 3/04/07, 8:44 pm


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