Legal Question in Real Estate Law in Virginia

2 addresses for one property prevented closing

I signed a contract on a foreclosure on 5/15 that had one address and lot included in the legal description on the contract. I was getting a VA loan and was set to close on 6/15. The closing was delayed to the 22nd due to deed issues I was told. It was then delayed again to the 27th due to required inspections not being completed. On the 27th I find out that the property is actually 3 lots with 2 addresses and VA won't close the loan because of this and the seller can't find any workaround. I find out later in the day that the title company and lender knew about the 3 lot 2 address issue on the 6th. It seems to me the seller, title company, and lender all share blame for waiting until the 27th to let me know they can't do the deal now. The seller should have known from the beginning it was 3 lots with 2 addresses. I've already made the preparations to move and vacate my current residence on the 30th. Do I have any sort of recourse over the mess these people have put me in due to their incompetence?


Asked on 6/28/07, 1:54 am

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: 2 addresses for one property prevented closing

Yes, you may well have valid causes of action against one or more of these alleged incompetents for breach of contract or, perhaps, negligence, and if you can credibly quantify your provable damages against any or all of them, you could file your case in small claims court for damages up to $5000.

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Answered on 6/29/07, 7:02 am


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