stockadd
Dec 12, 2007, 01:08 AM
Major builder/seller sells lots for houses to be built upon. Seller's agent presented four
Lots from which Buyer was to choose. Buyer chose a lot, house was built, deal when through escrow, warranty deed, title policy, survey, etc. Six months later, Buyer found
Out from Tax collector that he owned a vacant lot. Builder appeared to have built house
On wrong lot, and buyer was occupying. Notified builder, escrow, title, etc. eleven months later learned that builder/seller had never owned lot sold to Buyer. Buyer wishes to retain house and the other lot, but wants documents redrawn. Seller wants to "correct" the
Original documents. Buyer contends that you cannot "correct" a contract under which a party had no capacity to act. Seller wants to just mark through Lot #1 and handwrite in Lot #2. Buyers believe that we will not have clear title if we want to sell the house.
Is the original contract NULL?
Thank you,
Stockade
Lots from which Buyer was to choose. Buyer chose a lot, house was built, deal when through escrow, warranty deed, title policy, survey, etc. Six months later, Buyer found
Out from Tax collector that he owned a vacant lot. Builder appeared to have built house
On wrong lot, and buyer was occupying. Notified builder, escrow, title, etc. eleven months later learned that builder/seller had never owned lot sold to Buyer. Buyer wishes to retain house and the other lot, but wants documents redrawn. Seller wants to "correct" the
Original documents. Buyer contends that you cannot "correct" a contract under which a party had no capacity to act. Seller wants to just mark through Lot #1 and handwrite in Lot #2. Buyers believe that we will not have clear title if we want to sell the house.
Is the original contract NULL?
Thank you,
Stockade