Legal Question in Real Estate Law in Texas
Sale of Home
I sold my house in TX and went to closing April 30, 2007. The closing company wired the money due to me from chosing directly into my account twice. I have recieved double the money and no one has contacted me from the closing company about the mistake. I advised the bank and the closing company the day after the transfer took place and neither claim a mistake was made.
Is their a limit on time for for the bank or closing company to catch the error and demand repayment?
Asked on 8/01/07, 3:27 pm
1 Answer from Attorneys
Charles W. Field
Charles W. Field, Attorney at Law
Re: Sale of Home
The time limit is probably four years. However, I would advise you to put the extra money in a separate account and atleast allow it to draw interest. What with computers and cross-checking transactions they will probably discover their error.
Answered on 8/02/07, 1:11 pm