Legal Question in Real Estate Law in Virginia
A house in our homeowners association was recently sold. The seller owed $400 to our HOA but the settlement company did not check with us for an outstanding amount and did not collect the $400. Now we can't located the seller. Did the settlement company have a legal duty to research, collect, and disburse this money and would they currently have any liability? If it's relevant, we did not have a judgment recorded against the seller, but public records show that the property belongs to a homeowners association.
Asked on 3/06/18, 9:33 am
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
No, probably not (legal duty regardng this settlement company) but without reviewing the terms of the
contract governing this company in regard to the settlement,, I couldn't say for sure. (This is merely my opinion.)
Answered on 3/07/18, 7:40 am