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View Full Version : I signed a contract on a house than I found out they didn\


REDROCK 2000
Dec 3, 2012, 04:26 PM
I signed a contract on a house 4 month's ago and than 1 month after that I found out they didn't have the deed in there name. Is there any recourse I can take. Thanks garry

LisaB4657
Dec 3, 2012, 04:48 PM
Is it possible that they have a contract to purchase the property and they planned on selling it to you once they took ownership? If so that is called "flipping" and is very common.

Tell us a little more about the situation and we can give you a better answer.

Fr_Chuck
Dec 4, 2012, 01:45 AM
I have bought and sold 100's of houses, and never had many of them in my name.

I would buy one on a contract for deed. Fix it up, and sell it to someone else on a contract for deed. ( or rent it)

Then when I get paid, I pay, so my contract is completed @ when the other is, at closing, the house is signed over to the newer buyers.

This is very common.

ScottGem
Dec 4, 2012, 04:11 AM
ANY question on law needs to include your general locale as laws vary by area.

As others have noted, this may not be a problem if they have the legal right to sell. If they don't, then you cancel the contract. What other recourse would you expect?